Company Requirements
To be able to apply for this financing line, your company must meet the following requirements
- Be a company established with its own legal personality.
- Have a tax domicile or at least one establishment, production branch, or development headquarters in the Valencian Community.
- Have fewer than 250 employees.
- Have an annual turnover of less than 50 million euros or a total balance sheet of less than 43 million euros.
- Not be owned 25% or more by a company that does not meet the requirements to be considered a SME, except for exceptions.
- Have at least one worker registered with Social Security in the Valencian Community at the date of application**.**
- Companies from all sectors are eligible, except those with a main activity related to: production and marketing of tobacco, distilled alcoholic beverages, weapons, casinos, pornography, cryptocurrencies, fossil energy, nuclear power plants, certain agricultural and fishing activities, or activities that violate the DNSH principle.
- Prove a minimum turnover of 500,000 euros in the last closed annual accounts, approved and submitted to the Commercial Registry.
- Provide additional financing (public or private) and/or cash capital increase of a minimum amount of 20% (min. €60,000 of €300,000) of the requested financing, which has:
- A minimum term of 5 years (loan/debt).
- An age of less than 6 months from the date of application.
- It cannot come from calls from the IVF or from funds participated by the IVF.
