Sometimes, many people with a good business idea do not get to run because they do not have enough money to carry out their business project and it could be an idea that worked and became a success. There are many businesses that fail to take off before becoming business and, therefore, are interesting loans for young entrepreneurs and entrepreneurs.
These loans are loans and lines of financing created to stimulate the creation of companies with the sole guarantee of a business project.
If you want to start your own business for someone else but need funding to start the activity, there are several loans designed for young people who undertake to which you can turn and which are launched for this year.
You just have to find out what they are and, if you meet the requirements for any of them, submit the application duly completed in the determined time.
Therefore, we will comment on the main loans for young entrepreneurs in 2018 from which you can benefit. Take note!
The loans for companies and entrepreneurs 2018, with a maximum of up to 12.5 million euros per customer in one or several operations.
Concepts such as liquidity and investments in national territory are financed (passenger cars, second-hand or new productive fixed assets, acquisition of companies, rehabilitation of homes and buildings and liquidity with a limit of 50% of the financing obtained for this type of investment).
The interest rate is fixed or variable plus the margin taking into account the repayment term. Until December 21 of this year.
Enisa Young Entrepreneurs Line, is a participative loan for young people who want to create SMEs with main activity and social domicile in the national territory, with a novel or innovative business model that is not framed in the financial sector except for exceptions, among other conditions.
The amounts granted range from 25,000 to 75,000 euros, with Euribor interest + 3.25% differential or variable depending on the financial profitability of the business with a limit of 3-6% taking into account the rating of the operation.
1. Autonomous Employment Promotion Program 2018 of the Canary Islands, until October 31, 2018. The credit for 2018 for the promotion of self-employment is 8,902,470.29 euros, divided into different budgetary applications.
2. Grants for self-employed people in the Canary Islands with application until October 31, 2018 are 5,000 euros for the unemployed, 6,000 euros for young employees of 30 or less, 7,000 euros for the unemployed, 8,000 euros for women aged 30 or younger, 7,000 euros for disabled men and 9,000 euros for disabled women. Accounts with 1,000 euros more if you are enrolled in the Youth Guarantee Fund or you are long-term unemployed.
3. Agrojoven Program for the incorporation of Young Entrepreneurs to the Agricultural and Livestock Sector on the island of Tenerife for the 2018 and 2019 years. For those under 41 years of age registered in Tenerife with a business project related to the development of the rural environment of Tenerife with main activity the agricultural and / or livestock.
4. The SGR have loans and leasing for SMEs and self-employed people of the Canary Islands, offering credit policies, loans for treasury, refinancing, investments, purchase of real estate and guarantees to present to companies, competitions and bids, for companies in the gaming sector for the advance of subsidies.
The SGRs are financial entities whose main activity is to provide entrepreneurs, self-employed workers and professionals from the islands with access, through the provision of guarantees, to the best financing conditions.
Other instruments for the self-employed, SMEs and micro-SMEs with 85% FEDER financing and the Canary Islands Government are the micro-loans from the Canary Islands, the Guarantees Program and the Private Co-Investment.
The different banking entities also offer loans for young entrepreneurs and entrepreneurs in the islands. We tell you what they are and the characteristics of each one:
They allow a business to start entrepreneurs and entrepreneurs who, at that time, do not have enough money to create their project.
To finish, let’s see, step by step, what you must do to apply for one of these loans for young entrepreneurs and entrepreneurs in 2018.
If you want to get more information about these grants and loans for young entrepreneurs or other financing options for your project, do not hesitate to ask for an appointment with our team of experts. We will wait for you!