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Credits at reduced cost for SMEs and self-employed retailers affected by covid -19

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The Minister of Enterprise, Industry and Spokesperson, Ana Martínez Vidal, today signed an agreement with the President of Aválam, Pedro Díaz Martínez, to finance loans at reduced cost to SMEs and self-employed retailers affected by the covid-19 crisisThis new line of credits will have a minimum amount of 15,000 euros and a maximum of 50,000, for a term of up to five years, and with an interest of 1.25 percent.

Its objective is to contribute to relaunch the economy of small entrepreneurs and freelancers in the retail sector.

The Ministry will assume the cost of the guarantees, of 0.75 percent, which will be provided by Aválam.The Covid-Comercio line of financing, available from today, specifically makes available to the retail trade credits for a total amount of 10 million euros free, therefore, of the cost of guarantees. These grants are included in the collaboration agreement between CROEM, financial entities and Aválam to continue strengthening SMEs in the recovery of the regional economy. 

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Credits at reduced cost for SMEs and self-employed retailers affected by covid -19, Foto 1

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