LABORAL KUTXA and CEPES sign agreement provided 100 million euros to finance the Social Economy companies.
(Madrid, September 11, 2014) .- Josu Arraiza (Business Area Director LABOR Kutxa) and Juan Antonio Pedreño (President of CEPES) have renewed the partnership that already signed two entities in 2012To facilitate the financing of social enterprises. LABORAL Kutxa reaffirms its support for organizations and people that make this more participatory, transparent and competitive social and business model.
The president of the Employers of Social Economy has stated that "the renewal of this agreement is very positive, as it will provide funding not only integrated in CEPES companies but also to all new business projects that are taking place in the Social Economy. "
The main objective of this agreement is to enable funding lines watching several games. These games stand out for their relevance, the entrepreneurship and capital contributions which will have a particularly advantageous financing conditions. Thus the new companies can get a loan with an arrangement fee of 1% and a fixed interest rate of 4.5%. Also if the required amount is less than 25,000 euros, will have the opportunity to access the European Investment Fund (EIF) of up to five years, thanks to which the fixed rate will be even lower (3.95%).
For the Capital Contributions to the Company made "?"?by partners, may be financed with loans of up to 7 years with a commitment fee of 0.5% and an interest rate subsidy of Euribor + 2.50%. Chairperson may also be lower in to qualify for the European grant (+ 1.75%).
Solutions for consolidated companies
The agreement is designed to meet the needs most in demand by companies in the social economy, so that not only provide new financing to entrepreneurs, but also for working capital financing products(Credit accounts, trade discounts or advances of credit) and investment financing via loans or leasing, for more established companies. The aim of this agreement is that all companies have good viable projects and obtain funding.
Furthermore, LABOR Kutxa intended to give the final processes of internationalization of these social economy organizations looking to improve their competitiveness by opening borders momentum.
"Liquidity businesses and entrepreneurial projects"
Pedreño noted that thanks to the renewal of this agreement with Kutxa LABOR "will empower the competitiveness and development of new projects in the Social Economy." Finally. CEPES President recalled that "in the last year and the first quarter of 2014 the Social Economy has created 2,822 new companies havecreated almost 14,000 new jobs. "
LABOR Kutxa committed entrepreneurs
Entrepreneurship has always been present in the history of LABOR Kutxa since its inception. Therefore, Josu Arraiza stressed that "the company will not only provide the necessary financial resources, the client also have the collaboration and expertise of its professionalsto the design and start your business. "
This agreement with the Spanish Business Confederation of Social Economy will benefit more than 44,500 enterprises that form, in which 2,215,000 people work. The group represents 12% of GDP and a turnover of more than 150,000 million euros. With the collaboration of LABORAL Kutxa intends to continue to create jobs and grow outon new projects.
