- Home
- How We Invest
- Investment Tools
- Participative Loans
Participative Loans
Participative loans are loans in which the interest rate is determined by the company’s results.
Their enforceability is subordinated to other general creditors.
Requirements to be Met by the Company
- It must be an SME.
- It must be based in Biscay.
- Its own equity must be greater than the loan requested.
Terms of the Loan
- Terms of the Loan
- Maximum amount: €300,500.
- Maximum term: 7 years.
- Repayment: two years’ grace period. Repayment begins in the third year.
- Opening fee: 0.5%.
- Interest rate:
- Fixed: 3-month EURIBOR + 0.25 (quarterly settlements).
- Variable: varies depending on the year’s results (annual settlement).
- The financial cost of the loan in each financial year (fixed + variable) may not be more than 3-month EURIBOR + 5.
Aim of the Loan
To fund new productive investments, both tangible and intangible.