The ENISA funding lines are designed for small and medium-sized Spanish companies that use innovation as a central factor in their business strategy. The National Innovation Company, S.A. (ENISA) has funding lines for startups and SMEs in stages of growth or consolidation with viable and profitable business models. ENISA grants are generally intended to finance the improvement of the company's competitiveness in its different growth needs, through the provision of participatory loans without guarantees and with a variable interest rate depending on the company's profitability. Enisa is the public entity that approves the most participatory loans in Spain.

The main characteristic of Enisa loans is that they do not require personal guarantees or guarantees, so an exhaustive viability plan must be drawn up to justify the project presented. The main advantage of Enisa's equity loans compared to a traditional bank loan is the lack of requirement for personal guarantees and the long repayment and grace periods.

The requirements for obtaining an Enisa loan are to have established the commercial company and to be a startup or SME, in accordance with European Union regulations. Mainly, it limits access to companies with more than 250 employees and with a turnover of more than 50 million euros. Beneficiary companies must carry out their main activity and have their registered office in Spain. In addition, your business model must provide some innovative element with respect to the sector in which it is located or have a very differentiated element that gives it a competitive advantage over the competition. Companies linked to the financial and real estate sectors, in general, cannot access Enisa's funding. Although there are exceptions and increasingly so, because companies are starting to be born that make technology for these sectors and help to transform them, and those companies could get their loans. Therefore, it is always important to assess the fit of the application with an expert consultant to help you maximize your options for obtaining funding.

Yes. New financing can be requested whenever changes and growth occur in the company. Through new capital increases or considerable growth in its cash flow.

No, Enisa avoids being the majority financier of business projects and is a co-investor organization. Therefore, a good time to apply for Enisa is after a capital increase or investment round.

- It does not require endorsements or personal guarantees.
- It has up to two years of grace period.
- The variable interest percentage of the loan is calculated based on the company's income.

To obtain an Enisa participatory loan, it is necessary to prepare a financial report and projections. Once this material has been presented and the admissions phase has passed, you enter the analysis stage, where you are assigned an Enisa analyst who asks you details and progress of the company to finish performing a rating on your company and assess whether it is eligible. to get an Enisa loan. It is very important to prepare a good report and financial projections, as well as the subsequent monitoring and justification before the analyst. Therefore, it is advisable to have the expert figure of a consultant to request it and increase your chances of achieving it and/or obtaining a greater amount.