Ecobanka will support the projects of companies interested in expanding their business or achieving competitive improvement.

Objective Ecobanka:

Alternative financing for projects based on a profitable business model, which seek a competitive improvement or a change of model in their production system, or which want to expand their production capacity by acquiring new technology, increasing their range of products/services or diversifying their market.

Conditions:

• Maximum loan amount: €1 500 000.
• The interest rate will be applied in two tranches:
  • First tranche: Euribor + 3.75
  • Second tranche: a variable interest rate between 3 % and 8 %, depending on the rating of the operation.
• Arrangement fee: 0.5%.
• Maturity: maximum 9 years.
• Principal deficiency: maximum 7 years.
• Amortisation of interest and principal is quarterly.
• We do not require guarantees.

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Requirements:

• Be an SME, as defined by the European Union.
• Have your main activity and registered office in Spain.
• Your business model is innovative, novel or has clear competitive advantages.
• Co-financing of the financial needs associated with the business project.
• You must show a balanced financial structure and professionalism in your management.
• You will have to demonstrate the technical and economic viability of your business project.
• The real estate and financial sectors are excluded, with some exceptions.

Ecobanka, access to direct alternative financing through Ecobanka Fintech , Myneofintech. You can access it below: Myneofintech.

Apply for corporate finance through Ecobanka's Fintech, MyneoFintech:

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