Avalmadrid Financing.

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Avalmadrid, other Financing for SMEs and the Self-employed

What is Avalmadrid?

Avalmadrid is a Reciprocal Guarantee Company with the task of facilitating and helping to finance SMEs, the self-employed and entrepreneurs in the Region of Madrid, improving the conditions of the financing and/or subsidies that Madrid-based companies have access to in terms of both cost and delivery time.

Advantages

SMEs and self-employed persons in the Region of Madrid, the main generators of wealth and employment in the region, are facing huge difficulties when it comes to accessing financing, with one of the reasons being the lack of guarantees. Avalmadrid came about precisely in order to provide a solution to the financing problems of Madrid-based SMEs. This role of support for economic promotion, which contributes to creating and maintaining employment, is recognised by the Region of Madrid, financial institutions and the SMEs themselves, all of whom benefit from the smooth operation of Avalmadrid.

In these times of financial constraint, Reciprocal Guarantee Companies, such as Avalmadrid, are taking on a much more predominant role with regards to financing SMEs and the self-employed. The guarantee granted by these types of entities provides, first and foremost, access to financing for viable SMEs with a coherent business plan, and this financing is preferential in terms of cost and time. Therefore, the Reciprocal Guarantee Company (or SGR according to its Spanish initials) acts as an intermediary creating value in the financial process.

SMEs and the Self-Employed

Access to privileged financing:

Possibility for SMEs and self-employed persons in the Region of Madrid to access lines of credit that they otherwise would not have access to on their own due to lacking the guarantees required by the credit institutions.
Reduction of the financial cost.
Improvement in their capacity to negotiate.
Acquisition of long-term financial resources.
Possibility of accessing bigger loans with a longer term and lower interest rate.
Time and cost savings in financing for the Madrid-based SME and self-employed person.
Increase in the company's risk capacity.
Coordination of the agreements regarding the lines of subsidies.
Advice on implementation of the project.
You don't need to become a partner initially, only if the operation goes ahead.

Free study of operations when applying for the guarantee.
Privileged treatment with regards to Stamp Duty Tax: 0,1% on operations carried out with Avalmadrid, as opposed to 1% in other financial institutions.

Regarding "Third-party guarantees"

Immediate response: Avalmadrid carries out a study on the company and opens up a line of financing. Afterwards, all of the guarantees requested are delivered, within 48 hours, charged to this line.
Decrease in bank risk: with our guarantee, the company leaves its borrowing capacity intact, only using it for purely financial transactions.
Reduced cost: The price that Avalmadrid charges for its guarantee is lower than the usual market price. Conditions of technical guarantees.

Products: INVESTMENT

It offers financial products to undertake any investment project, whether to start up a business or for business growth.

Productive investment

Objective:

These are guarantees created in order for your company to have the best possible backing with regards to credit institutions: the Avalmadrid guarantee. Thanks to our guarantee, companies have access to financing from credit institutions with the best conditions on the market (preferential interest rates, longer durations, minimal cost) and with instruments that take into account the needs of each company, where up to 100% of the investment can be financed.

Beneficiaries:

SMEs and self-employed persons who carry out their business and make their investment in the territorial area of the Region of Madrid http://www.avalmadrid.es/productos/inversion/inversion-productiva_2_137.html

Line of Financing to support Technological Innovation Startups

Objective:

Providing financing for the development of startups with a high technology content, high-growth companies with high potential and which are in the early stages of development.

Beneficiaries:

SMEs that undertake their activity and/or investment in the territorial area of the Region of Madrid and/or that have, preferably, their registered office in the Region of Madrid.

For further information, see: http://www.avalmadrid.es/productos.php?cod=151&prod=150

Line of innovation financing for the advance payment of subsidies and public financing

Beneficiaries:

SMEs and self-employed persons who need to present technical guarantees to public administrations or organisations as a guarantee for the advance payment of subsidies and public funding for innovation projects (CDTI, ENISA, MINETUR, ICO, ICEX, etc.)

For further information, see:

http://www.avalmadrid.es/productos/inversion/linea-financiera-innovacion-tecnologica/linea-financiera-innovacion-cobro-anticipado-subvenciones-financiacion-publica_2_153.html

Line of Financing for the Development of Technological Innovation for SMEs

Objective:

To provide financing for established companies to develop innovative projects that entail the introduction of new products and services, new processes, new supply sources and changes in the industrial and business organisation.

Beneficiaries:

SMEs that undertake their activity and/or investment in the territorial area of the Region of Madrid and/or that have, preferably, their registered office in the Region of Madrid.

Investments that can be made:

Development of technological innovation projects that entail:

Renewal and extension of a range of products and services
Renewal and extension of production processes.
Changes in organisation and management.
Changes in the qualifications of professionals.

For further information, see:

http://www.avalmadrid.es/productos/inversion/linea-financiera-innovacion-tecnologica/linea-financiera-desarrollo-innovacion-tecnologica-pymes_2_154.html

ICO (Spain's Official Credit Institute)-SGR (Reciprocal Guarantee Company) investment

Objective

Avalmadrid, the ICO (Spain's Official Credit Institute) and the different credit institutions have developed a specific line of financing -ICO SGR GUARANTEE LINE 2016-, with amounts of up to 2.000.000 euros, for both productive investment in and outside of Spain and to cover the working capital needs of SMEs in the Region of Madrid.

beneficiaries

SMEs (*) AND SELF-EMPLOYED PERSONS with no territorial area

For further information, see: http://www.avalmadrid.es/productos/inversion/inversion-ico-sgr_2_138.html

Entrepreneurs

Objective:

To boost the creation of companies in the Region of Madrid, in relation to viable and profitable business projects, in terms of wealth and employment generation.

To do so, Avalmadrid has a line of financing that supports entrepreneurs, thus promoting financing and improving access to loans in order to help new business projects in our region get off the ground.

Beneficiaries:

All SMEs and self-employed persons who meet the following requirements:

Exercise their activity and make the investment object of the aid, in the territorial area of the Community of Madrid preferably.

The incorporation of the company or registration as a self-employed person must take place within a maximum period of 24 months prior to submitting the application.

Contribute own equity consisting of at least 25% of your investment plan including VAT (lower percentage to be authorised by the competent body)

For further information, see: http://www.avalmadrid.es/productos/inversion/emprendedores_2_139.html

International: setting up abroad

Aim: Avalmadrid is committed to the internationalisation of Madrid-based SMEs as evidenced by its international line which helps and enables SMEs to get set up in other countries, thus facilitating foreign trade and exports.

Beneficiaries:

Any small, medium and micro-enterprise that meets the following requirements:

1. Carry out their business in the territorial area of the Region of Madrid: have a local office or permanent establishment (IAE (tax on commercial and professional activities) or tax register declaration).

2. Be registered in the Census of Madrid's Official Chamber of Commerce and Industry.

Investments that can be made:

Investments made in fixed assets outside of Spain, such as:

Investment in facilities for production, logistics or commercial activities outside of Spain that may be considered new fixed assets. Also those aimed at financing investments in facilities in Spain provided that it can be duly justified that they are to be used to increase export activity
Refurbishments and repair/improvement works
Machinery and equipment
IT applications
Start-up costs
Construction
Working capital linked to the investment.

For further information, see: http://www.avalmadrid.es/productos/inversion/internacional-implantacion-exterior_2_140.html

Line for Madrid-based trade

Aim: To offer the small business in the Region of Madrid streamlined financing, essentially to invest in their business and also to obtain liquidity.

Beneficiaries: Micro-enterprises and self-employed persons with small businesses (up to 10 workers) who carry out their activity and/or make their investment in the territorial area of the Region of Madrid.

Investments that can be made:

- Commercial equipment

- Computer and technological equipment

- Works and reforms

- Machinery and production tools

- Vehicles

- Any other project related to commercial activity

- Current (liquidity)

For further information, see: http://www.avalmadrid.es/productos/inversion/linea-comercio-madrileno_2_142.html

Line of financing for taxis

Objective:

To facilitate access to financing for the purchase of licenses and vehicles

Beneficiaries:

Self-employed persons who invest in the Region of Madrid

Chamber of Commerce with the Avalmadrid Guarantee

Aim: To facilitate access to financing for SMEs and the self-employed who are members of the Club Cámara Madrid (Chamber of Commerce Club)

Beneficiaries:

Members of the Club Cámara Madrid (Chamber of Commerce Club)

Investments that can be made:

Productive investment and Internationalisation

Liquidity / Working Capital

For further information, see: http://www.avalmadrid.es/productos/inversion/camara-comercio-garantia-avalmadrid_2_144.html

Products: WORKING CAPITAL

Financing can be obtained in order to cover all of the company's liquidity needs

ICO (Spain's Official Credit Institute)-SGR (Reciprocal Guarantee Company) liquidity

Objective:

Avalmadrid, the ICO (Spain's Official Credit Institute) and the different credit institutions have developed a specific line of financing -ICO SGR GUARANTEE LINE 2015-, which increases the amounts of the ICO-SGR line up to 2.000.000 euros in 2015, for both productive investment within and outside of Spain and to cover the working capital needs of SMEs in the Region of Madrid.

Beneficiaries:

SMEs (*) AND THE SELF-EMPLOYED

For further information, see: http://www.avalmadrid.es/productos/circulante/liquidez-ico-sgr_2_126.html

Plan Impulsa Pyme (SME Promotion Plan)

Objective:

Avalmadrid's 'Plan Impulsa Pyme' (SME Promotion Plan) has financial products in line with all possible working capital and/or liquidity needs of SMEs in the Region of Madrid with longer durations and better interest rates with the corresponding aid to finance them. Credit facilities, liquidity loan, refinancing and advance payment of subsidies.

Beneficiaries:

Any SMEs (*) and self-employed persons who carry out their activity in the Region of Madrid.

For further information, see: http://www.avalmadrid.es/productos/circulante/plan-impulsa-pyme_2_65.html

REVERSE FACTORING

Objective:

Financial service offered by Avalmadrid, aimed at companies and institutions that wish to simplify their supplier payment processes.

Beneficiaries:

SMEs (*) and self-employed persons who carry out their business and make their investment in the territorial area of the Region of Madrid.

More info http://www.avalmadrid.es/productos/circulante/confirming_2_96.html

Line on support for exports

Objective:

Avalmadrid offers a financial line that helps and supports the export trade of Madrid-based SMEs. This line covers pre- and post-financing for exports, as well as participation in international bids and tenders.

Beneficiaries:

Any SMEs (*) and micro-enterprises that meet the following requirements:

2. Be registered in the Census of Madrid's Official Chamber of Commerce and Industry.

For further information, see:

http://www.avalmadrid.es/productos/circulante/linea-apoyo-exportacion_2_141.html

Chamber of Commerce with the Avalmadrid Guarantee

Objective

To facilitate access to financing for SMEs and the self-employed who are members of the Club Cámara Madrid (Chamber of Commerce Club)

beneficiaries

Members of the Club Cámara Madrid (Chamber of Commerce Club)

For further information, see: http://www.avalmadrid.es/productos/circulante/camara-comercio-garantia-avalmadrid_2_145.html

Third-party guarantees

Guarantees for risks from obligations towards third parties - tenders: Competitions, advance payment of subsidies, supplies, implementation...

Public Administrations

Objective:

To help SMEs (*) and self-employed persons in the Region of Madrid obtain any type of guarantee or bid bonds to present to public bodies and institutions of the central and regional administrations, applying for a single guarantee or taking out a line of guarantees, with a limit set beforehand, in order for the business person him/herself to manage their availability.

beneficiaries

SMEs and freelancers who require the provision of guarantees for the commitments acquired with the administrations and public bodies, both for the bidding in contracts of work, management of services, supplies or similar (provisional guarantees) and for the fulfillment or execution of the same ( definitive bonds)

SMEs and self-employed persons who require technical guarantees to present to the public administrations and bodies in order to guarantee:

- Bids and tenders for different types of works contracts.

- Supply contracts.

- Service provision contracts.

- Implementation of public works.

- Assurance of proper functioning.

- Advance payments of subsidies.

- Exercise of different professional activities, such as: transport companies, temporary work companies, travel agencies, companies that operate recreational machines, security companies, etc.

For further information, see: http://www.avalmadrid.es/productos.php?cod=90&prod=35

Clients, suppliers and creditors

Objective:

To help SMEs (*) and self-employed persons in the Region of Madrid obtain technical guarantees in order to guarantee their obligations towards third parties (creditors, clients and suppliers) in the best conditions on the market.

(*) Definition of SME according to Article 3 of the Annex on the European Commission recommendation of 6 May 2003.

An annual business turnover of up to 50 million euros or a general annual balance sheet total of no more than 43 million euros according to the last corporation tax settled

Companies that employ fewer than 250 persons. Staff numbers shall be obtained using the monthly average over the last twelve months and shall take into account both permanent and temporary staff

Enterprises that are autonomous, which is understood as those that cannot be classed as a partner enterprise or a linked enterprise

Beneficiaries: SMEs and freelancers who require the provision of service guarantees, or interested in the release of withholdings: Construction, Engineering, Business Services, Press, Recreational Machines, etc.

For further information, see: http://www.avalmadrid.es/productos/avales-terceros/clientes-proveedores-acreedores_2_95.html

International Tender Guarantee

Objective:

To support the Madrid-based SME in obtaining guarantees for its exports, international tenders, advance payments, implementation of works abroad or any other guarantee regarding third countries.

Beneficiaries:

Small, medium and micro-enterprises that:

- Carry out their business in the Region of Madrid.

- Are registered in the Census of Madrid's Official Chamber of Commerce and Industry

For further information, see: http://www.avalmadrid.es/productos/avales-terceros/aval-licitacion-internacional_2_127.html

Other products

Electric Vehicle

Objective:

To facilitate preferential and streamlined financing with fast and simple processing in order to purchase electric vehicles and fit out premises in order to maintain and charge them, with the aim of replacing the highest possible number of traditional vehicles with electric vehicles, given the improvements this brings for the environment.

Beneficiaries:

SMEs and the self-employed

For further information, see: http://www.avalmadrid.es/vehiculo-electrico.php

The newly self-employed

Objective

To facilitate financing for the commencement of activity for anyone unemployed and registered as a job-seeker who then registers as self-employed in the Region of Madrid.

Beneficiaries:

The newly self-employed

For further information, see: http://www.avalmadrid.es/productos/otros-productos/nuevos-autonomos_2_158.html

Social Economy Enterprises

Objective:

To facilitate financing for cooperatives and employee-owned companies that are going to take on workers or partners, and also investments that contribute to creating, consolidating and improving competitiveness.

Beneficiaries:

Cooperatives

Employee-owned companies

More info http://www.avalmadrid.es/productos/otros-productos/empresas-economia-social_2_157.html

Self-consumption of energy in SMEs and the self-employed

Objective

To facilitate financing for SMEs and the self-employed who wish to install renewable energy, in particular solar photovoltaic energy for the self-consumption of electricity in their companies with the subsequent improvement in energy efficiency

beneficiaries

SMEs and self-employed persons who undertake their activity and/or investment in the territorial area of the Region of Madrid and/or have their registered office in the Region of Madrid.

More info http://www.avalmadrid.es/productos.php?cod=148&prod=147

Energy installers

Objective:

To facilitate financing for SMEs and the self-employed in the electricity sector, renewable energy installers, in particular solar photovoltaic energy for the self-consumption of electricity in companies with the subsequent improvement in energy efficiency

Beneficiaries:

SMEs and self-employed persons in the electricity sector who undertake their activity and/or investment in the territorial area of the Region of Madrid and/or have their registered office in the Region of Madrid.

Investments that can be made

Productive investment

Working capital

For further information, see: http://www.avalmadrid.es/productos/otros-productos/eficiencia-energetica/instaladores-energia_2_149.html

Location and contact

Address: c/ Jorge Juan, 30 - 28001 – Madrid

Telephone: 91 577 72 70

Email:avalmadrid@avalmadrid.es

For more information: http://www.avalmadrid.es/inicio.html