Object and purpose of the call:
Through these rules the regime is established loans granted by the Company for the Development of the Province of Burgos and to finance the projects of:
1. Creating new businesses. (Fixed assets and working capital).
2. Expansion and improvement of the productive capacity of existing companies. (Fixed assets and working capital).
3. Financing of current assets to companies operating.
The actions subject to the granting of this loan must be located within the province of Burgos, in towns of less than 20,000 inhabitants.
Conditions of the loan:
The maximum amount of the loan to be granted in the case of start-ups or expansion or improvement of the productive capacity of existing businesses, will cover up to 70% of the total project investment (including fixed assets and working capital) and the case of a maximum of 25,000 euros.
The maximum loan to grant exclusively to finance current assets may amount to a maximum of a total of 5,000 euros.
The conditions for the loans are:
– Lack of between 6 and 8 months, set individually. During this period the beneficiary shall pay only interest. In the case of loans to finance working capital there will be no waiting periods.
– Maturity: Maximum of 4 years plus grace period, to set individually.
– The interest rate will be 1.5% fixed per annum.
– The loan will follow the French repayment system with fixed and constant throughout the life of the loan, consisting of principal and interest monthly installments.
– Issuing no guarantees, opening costs, study or early termination shall be required.
Lead time and justification of the project:
Beneficiaries must make and pay for investments and planned spending, and to present the supporting documentation thereof, the registration in the cases provided for second base and employment within the following deadlines:
– Creation of new businesses and expansion or improvement of the productive capacity of existing companies: Investments made from the date of signing of the not Start within 12 months.
– Financing of current assets: An implementation period of 6 months from the date of the loan application.
Obligations of the beneficiary:
7.1. Return quotas defined in each case and on schedule.
7.2. Make and justify term investments and / or expenses for which it has been granted the loan.
7.3. Invest the loan money obtained through this exclusive invitation and directly to the realization of the proposed project and the terms of the concession.
7.4. Accept and provide Sodebur or the entity they delegate the task of monitoring throughout the life of the loan.
Application Date: Until December 31, 2015.