Your subsidized loan Préstamo subordinado - FEDER, effortless

Company Requirements

To be able to apply for this financing line, your company must meet the following requirements

• Be a privately owned commercial company. Public-law entities, public universities, autonomous bodies, public companies, public foundations and companies majority-owned by any of these are excluded.
• Have at least one establishment, production branch or activity-development branch located in the Valencian Community.
• Have at least one employee in the Valencian Community, evidenced by the Social Security contribution settlement receipt or an equivalent document on the application date.
• Meet the SME definition of Annex I to Regulation (EU) 651/2014: fewer than 250 employees and annual turnover not exceeding €50 million or an annual balance sheet total not exceeding €43 million.
• Not be 25% or more owned, directly or indirectly, by one or more public bodies, nor by a company that would cause the loss of SME status, save for the exceptions set out in Annex I itself.
• Evidence turnover of at least €500,000 in the latest closed annual accounts, meaning accounts approved and filed with the Commercial Registry. In practice this requires two closed financial years, since the accounts for the last two are requested.
• Not be listed on a secondary or organised market.
• Hold all licences, authorisations and permits required to carry out the project.
• Carry out a business project in the Valencian Community that is innovative in nature and/or aimed at expanding, growing or consolidating the activity, undertaking new projects or entering new markets.

Limits

The following limits apply to this financing line

State aid regime (dual regime):

• Micro and small enterprises registered in the Commercial Registry less than 5 years ago: Article 22 of Regulation (EU) 651/2014 (GBER), applicable until 31 December 2026 unless extended. It also requires that the company has not taken over the activity of another undertaking, has not yet distributed profits and has not been formed through a merger, subject to the exceptions in that article.
• All other SMEs, and micro and small enterprises more than 5 years old: de minimis regime under Regulation (EU) 2023/2831, capped at €300,000 over any three-year period, applied to the beneficiary's group of companies. If the cap is exceeded, the interest rate subsidy is reduced.

Group limit: the €1,000,000 maximum applies to the group of companies the applicant belongs to, so the aggregate outstanding risk of operations granted by the IVF to that group under this call may not exceed that limit.

Cumulation: the financed expenditure cannot be combined with other contributions from EU structural and investment funds for the same eligible costs.