Financing European Investment Fund

The EaSI Financing Line is the result of an agreement between LABORAL Kutxa and the European Investment Fund, in order to promote the future of Entrepreneurs, Start Ups, Self-Employed and Small Businesses. We put at your disposal financing under special conditions to create or consolidate your business.

Public Target:

  • Entrepreneurs
  • Startups.
  • Microenterprises
  • Self-employed

With less than 10 employees and less than € 2,000,000 of billing.

Destination of Financing:

 

  • Self-employment or contribution to cooperatives or companies of social economy.
  • Launch of new micro-enterprises.
  • Investment in machinery, equipment assets, conditioning offices or workshops, commercial vehicles.

Funding in Preferred Conditions:

  • Amount up to € 25,000
  • Deadline: up to 5 years
  • Interest rate: 3.40% TIN
  • Opening commission: 1%

Example: For a loan of € 20,000 to 36 months. Opening commission € 200; TIN: 3.40%; APR: 4,143%; monthly fee: € 585.16; Total cost: € 21,265.63.

Note: The following sectors of activity are excluded: production and marketing of weapons, human cloning, tobacco, distilled alcohol production and gambling and destinations: real estate purchase and refinancing.

 

This funding has the support of the European Union within the framework of the guarantee instrument established in accordance with Regulation (EU) No 1296/2013 of the European Parliament and of the Council, concerning a European Union Employment and Social Security Program Social Innovation «EaSI.

The present financing enjoys a guarantee financed by the European Union in accordance with the European Union Program for Employment and Social Innovation (“EaSI”) and the European Fund for Strategic Investments (“FEIE”), established within the framework of the Investment Plan for Europe. The purpose of the FEIE is to help support the financing and application of productive investments in the European Union and ensure greater access to finance.

The financial support benefits granted by the European Union within the framework of the Guarantee Mechanism established in accordance with Regulation (EU) No 1296/2013 of the European Parliament and of the Council establishing a European Union Program for Employment and Social Innovation (“EaSI”) and the European Investment Fund Strategies (“FEIE”) created under the Investment Plan for Europe. The purpose of the FEIE is to help finance and apply productive investments in the European Union and to ensure greater access to finance.