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Posts Tagged ‘online loan’

The Government has agreed to renovate and expand the online loan ICF-CreixComerç of the Catalan Institute of Finance (ICF), endowed with 25 million euros to promote the expansion of small and medium businesses in Catalonia.

These loans are aimed at opening new stores in Catalonia and the renovation and remodeling of existing development initiatives to improve logistics functions of supply and distribution, business expansion or outside Catalonia acquisition of businesses or retail chains. In addition, this call can access funding for capital needs to complement investments in fixed assets.

ICF-CreixComerç focuses on individual and collective initiatives in the sector, both in Catalonia and abroad. For this reason, these lines eligible for funding:

• Small and medium businesses with investment projects retailers, both in Catalonia and abroad, who have at least five outlets open to the public for the growth of its commercial network.
• Small and medium enterprises, with investment projects for the retail marketing of own brand products. This expansion can be performed both in Catalonia and overseas.
• Small and medium service companies, which have started implementing a sectoral plan in collaboration with the Agency for Trade Promotion COPCA.

In all three cases, beneficiaries must meet the requirements as to have their headquarters in Catalonia, had a turnover of 50 million euros at most and they are solid companies with a viable investment project, at the discretion of the ICF.