The Government of Extremadura has launched a new financing line for the self-employed and small businesses thanks to the agreement between the Extremeña Reciprocal Guarantee Society (EXTRAVAL) and ten financial entities. These loans will serve to advance the collection of regional aid requested by self-employed workers.
The credits will be aimed at enabling the self-employed and SMEs to collect this aid before and, once received, the subsidies will be allocated to cancel the loan.
According to a statement from the Government of Extremadura, the signing of this agreement took place at the headquarters of the Presidency in Mérida, and was attended by the head of the regional Executive, María Guardiola, who stressed the need to “provide answers ” to what he described as “difficult and turbulent times.”
With the agreement signed this Monday, according to the Board, it is intended that SMEs and self-employed entrepreneurs, who in practice constitute 99% of the region’s productive fabric, will have “greater financing possibilities to create, consolidate or expand their businesses.
Credits to anticipate the aid that the self-employed have requested
This support will be materialized through a line of advance loans to the aid from the regional incentive regime for business investment, in such a way that, once the aid is paid by the administration, that money will be used to pay off the loan.
In this way, self-employed people who have requested a regional subsidy, for example, to invest in their business they will receive the money directly thanks to these credits as an advance. The endorsements They will cover 90% of the aid granted with a limit of 400,000 euros, with a term of three years and an interest rate of Euribor for one year plus 1.5%.
The event was attended by the president of EXTRAVAL and the representatives of the ten signatory financial entities: Abanca, Banca Pueyo, Banco Sabadell, Bankinter, Banco Bilbao Vizcaya Argentaria, CaixaBank, Caja Rural de Almendralejo, Caja Rural de Extremadura, Ibercaja Banco and Unicaja Banco, entities that, Guardiola said, “have proven territorial implementation and have demonstrated their capacity to invest in our productive fabric.”
In this sense, the president of the board highlighted the vocation of continuity of this agreement that “will have effect for one year and will be tacitly extended annually.” Likewise, he pointed out that this is not an isolated measure but rather adds to a set of decisions that the Extremadura Government has implemented to alleviate the family economy and pave the way “for those who generate wealth and employment in the region.” , among which he has mentioned the reduction in personal income tax and the zero rate for the self-employed, which represents an aid of 960 euros per beneficiary and is part of a stimulus program for the creation of self-employed employment (2023-27) in which he is working. the Junta of Extremadura.
2023-11-15 00:36:22
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