The Institut Valencià de Finances (IVF) has launched a new subsidized financing line for new investments carried out by SMEs in the Valencian Community, which will generate significant savings in financial costs for companies.
Applications for these loans can already be submitted through the IVF’s electronic platform, where the rules governing this call —published in the Diari Oficial de la Generalitat Valenciana—can also be consulted.
As explained by the director general of the entity, Enrique Montes, “through this financing line, small and medium-sized enterprises in the Valencian Community will be able to finance their investments with loans ranging from €200,000 to €2,000,000 on very advantageous terms, at a highly competitive subsidized fixed interest rate of 2%, with maturities of up to ten years.”
“For example, an average loan of €1 million with a seven-year repayment period could generate financial cost savings of nearly €170,000 for the company,” Montes noted.
In addition, these operations will not be subject to opening or cancellation fees, and beneficiaries may benefit from up to three years of grace period, during which they would only need to pay interest installments without repaying the principal.
“These are highly competitive financing conditions, providing a very advantageous alternative for Valencian companies to carry out major investment projects that boost their growth, modernization, and market consolidation,” the director general concluded.
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