SEED CAPITAL BIZKAIA MIKRO

is a Venture Capital Company, which since 2014 has based its activity on participation in micro finance projects with loans of up to 25,000€ per company.


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OUR MISSION

SEED CAPITAL BIZKAIA MIKRO


Is the promotion of existing companies that intend to develop innovative projects, new products, markets or production processes, improvements in management, organization, stability or continuity, future projection, creation of stable employment and generation of wealth.

Mision
Destacados

PROJECTS ARE IMPORTANT

but the people leading them are even more important


Because numbers do not always display all the value of an idea. We analyse viability from a financial point of view, but without losing signt of the potential of a skilled and motivated team that believe in what they are doing. We want to know your business and believe in it as much as you.

PROCESS FOR APPLICATION AND FORMALISATION OF A LOAN

Phases


The application process is easy and fast and will be accompanied by a technician from SEED CAPITAL BIZKAIA MIKRO all the way



  1. General information data project
  2. Application form and business plan
  3. Personal interview
  4. Study and resolution
  5. Formalization of the loan
Request
Solicitud

We do not require guarantors or guarantees

Avales

YOUR PROJECT

What do we expect from people who receive a loan?

Compromiso

COMMITMENT


SEED CAPITAL BIZKAIA MIKRO is involved in and committed to your project, consequently, the promoters of the project must be equally involved, as this should be their main activity.

Responsabilidad

RESPONSIBILITY


We like people who see beyond what their business can provide them with personally, because the best companies create a better business ecosystem, affecting society and common good. Thus, we value the effort to comply with SEED CAPITAL BIZKAIA MIKRO, so other projects can continue reaping the benefits.

Comunicacion

COMMUNICATION AND ACCESSIBILITY


SEED CAPITAL BIZKAIA MIKRO does not intervene in management or decision-making, but we are always available for any doubt that may arise, with regular monitoring that will give the promoters peace of mind and confidence.

REQUIREMENTS

Location

Companies with registered office and offices or premises in the Historical territory of Bizkaia.

Micro companies

Priority is given to investments in Micro companies, including cooperative companies with majority share capital in the hands of young people with secondary or further education studies, people over the age of 45 with adequate experience or training for the project and people in situation of social exclusion and/or the long-term unemployed.

Less than five years

Cooperative companies, worker-owned companies, limited liability companies and social economy companies, that are beginning their activities or have been in operation less than five years.

Sectors

Investments may be made in all sectors except the financial sector and the real estate sector.

Dedication

The promoter must be exclusively dedicted to the activity they desire to begin.

Business plan

Among the documentation required, a business plan must be submitted following the format proposed by Seed Capital Bizkaia Mikro.

Society constitution

The Company must be registered and inscribed in the territory of Bizkaia, with capital contributions in cash or in kind, before formalizing the application.

Exclusion

Refinancing the business or restructuring liabilities are excluded.

CONDITIONS

Financing conditions

Loan and, if applicable, other forms of participation

Amount

The maximun percentage of the finance will be 95% of the total cost of the project with a limit of 25,000 € per company.

Fundable concepts

Investments in fixed assets, including the acquisition of licenses and other start-up expenses of the business and a % of working capital that will depend on the activity of the company.

Commisions

No evaluation commissions, opening commissions, early amortisation or cancellation charges. No management costs

Financing cost

The annual interest rate will be 5%

Guarantees

No supplementary guarantees, apart from the personal guarantee will be required. However, according to the estimated risk of the business, moral guarantees such as recommendation letters, etc., may be requested

Amortization

Minimum six months. Maximum five years (possibility of a grace period of six months). There is a possibility of early amortisation after six months.

Payment of the principal and interest on the loan

Quarterly

Learn more about seed capital bizkaia in

www.seedcapitalbizkaia.eus Conoce