SANTA CRUZ DE TENERIFE, 20 May. (EUROPE PRESS) –
CaixaBank and the Society of Guarantees and Guarantees of the Canary Islands, AvalCanarias SGR, have signed a new collaboration agreement aimed at facilitating access to financing for SMEs and the self-employed in the archipelago to contribute to the recovery of economic activity.
The agreement has been ratified by the territorial director of CaixaBank in the Canary Islands, Juan Ramón Fuertes, and the president of AvalCanarias SGR, Andrés Calvo.
Thanks to this agreement, both entities will reinforce in 2022 the work carried out in recent years with the aim of supporting Canarian SMEs and the self-employed, the entity details in a note.
Thus, CaixaBank and AvalCanarias SGR have agreed to promote the new ‘Canarias Emprende’ line to facilitate the creation and start-up of new SMEs and new self-employed workers on the islands, which allows access to financing for a maximum amount of 100,000 euros per operation and a maximum amortization period of up to 10 years, with an option of up to 24 months of grace period for capital amortization.
By virtue of the agreement between both entities, AvalCanarias SGR is in charge of studying each operation that is requested and analyzes the viability of the project, guaranteeing the operation before CaixaBank.
The territorial director of CaixaBank in the Canary Islands, Juan Ramón Fuertes, has underlined “the financial institution’s commitment to SMEs and the self-employed on the islands”, the productive sector hardest hit by the health crisis.
“Our objective has always been to accompany our clients and we will continue to do so to promote economic recovery in the archipelago. This agreement is an excellent opportunity to bet on SMEs and the self-employed on the islands and that they can undertake their investment plans”, he indicated. .
For his part, the president of AvalCanarias SGR, Andrés Calvo, highlighted that “AvalCanarias, with the creation of this new line, intends to promote and financially support entrepreneurs and companies in the Canary Islands, particularly young people in their first projects, as well as over 50 years of age who, once they have lost their job, decide to take a step forward by putting their work experience into value in a new business project”.
The objective, he pointed out, “is that no good idea is left undeveloped because the economic amount that drives the activity is not achieved”.
