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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Mikro Enkarterri
Microcredit for SMES of Enkarterri
A stimulus to increase competitiveness and create growth opportunities for companies in this region
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.
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
- General information data project
- Application form and business plan
- Personal interview
- Study and resolution
- Formalization of the loan
We do not require guarantors or guarantees
YOUR PROJECT
What do we expect from people who receive a loan?
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.
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.
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
Contact
944 275 078
Plaza Sagrado Corazón, 5-7º 48011 Bilbao, Bizkaia
scbmikro@bizkaia.eus