Garántia launches the Aquisgrán fund to reinforce the financing of Andalusian SMEs and self-employed workers

Sevilla

Updated:06/21/2021 07:42h

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The Andalusian guarantee society Garántia has launched the new Aachen securitization fund on the Andalusian market, promoted by the National System of Guarantees, made up of the Spanish Confederation of Guarantee Societies (Cesgar) and the Spanish Refinancing Company (Cersa), dependent on the Ministry of Industry, Commerce and Tourism.

Initially Garántia participates with a contribution of 10 million euros in the new Aachen fund, a figure that is expected to increase progressively in the coming years given the position that the entity occupies in the national ranking of SGRs.

Currently Guarantee is the first guarantee company in Spain in financing for the self-employed, to new companies (those that are less than three years old) and in financing to the agri-food sector,