Portal de Murcia
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The Governing Board has approved the extension of the collaboration agreement with AVALAM, to continue with the special line of financing for entrepreneurs and companies looking for the development of actions in employment, economic promotion and promotion of entrepreneurship.
What is intended with this agreement is to establish a special line of free financing to finance the credit operations endorsed by AVALAM, in favor of entrepreneurs who from the Center for Municipal Initiatives (CIM-M), the City Council support services and advice.
Thus, it will provide the necessary financial resources to SMEs of recent constitution, so that they can undertake the necessary investments in the start-up or growth of their business project.
The requirements to access this line of aid are to be SMEs and to be constituted at most in the 24 months prior to the application with the exception provided for new openings, to have a main activity and registered office in the municipality of Murcia and for the business project to count with technical and economic viability.
The financial resources will be allocated to Investment and Working Capital.
The acquisition of fixed assets and working capital, necessary for the start-up or expansion of the business project, will be financed.
The endowment of this extension of the special line of financing is a bag of 300,000 euros.
The banking entities attached to the financing line are Cajamar and Bankia.
The objective of this agreement is to promote entrepreneurial spirit and business innovation in society, promoting an entrepreneurial culture at an early age.
Source: Ayuntamiento de Murcia
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