New Asturgar line and SRP of financial support for industrial projects in Asturias

• Participative loans are an alternative source of financing and as such do not consume CIRBE.

The Reciprocal Guarantee Society and the Regional Promotion Society the Principality of Asturias have just launched the line “Covid New Opportunities”, in order to help Asturian companies overcome the crisis or undertake new projects.

The line, endowed with 6 million euros, is aimed at companies of more than five years old in the industrial sector or services to the industry, which need financing to overcome temporary difficulties in their business or to launch new activities as a result of the crisis generated by COVID-19.

The SICKLE will provide participating loans, which will have an endorsement from Asturgar for 30% of the amount, for viable companies that have been temporarily affected by the health situation or that have identified new business opportunities and need financing to carry them out.

Participative loans are an alternative source of financing and as such do not consume CIRBE. Loans will have a maximum amount of one million euros and can be requested for terms between 5 and 10 years.

To facilitate operations for companies, applications and the contribution of documentation will be made online through the channel Asturgar Online.

https://asturgar.com/nuevasoportunidades

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