Editor’s note: This article was first published in July 2010. The €200 million, eight-year Bankinter–EIB credit line for SMEs it reports is long closed, and “the crisis” refers to the post-2008 downturn.
For many people who decide to start their own business or company, the biggest obstacle they faced was finding financing for their project. The pleas of many Spanish entrepreneurs, who found it hard to get loans and credit to fund their businesses, seem to have been heard.
Bankinter has signed an agreement with the European Investment Bank (EIB) to finance SMEs (small and medium-sized enterprises) with €200 million over an eight-year term.
The catch: this financing will only be granted to businesses aimed at projects in industry, tourism, energy, environmental protection and services. It’s not really a drawback, since we’ve been saying for some time that these kinds of businesses will be the most profitable in the future.
Remember too, as we’ve discussed before, how important it is to present a good business plan before applying for any kind of financing, since that’s what lenders will value most when deciding whether to grant it.
And remember the wide range of possibilities and business ideas we’ve put forward:
- Tourism business ideas
- Home services business ideas
- Business services ideas
- Renewable energy businesses
In times of crisis, the best way to have a job is to create one. In good times, why work building up a company when you can create your own? We support the entrepreneurial process.
Further reading
Featured image: FrDr, CC BY-SA 4.0, via Wikimedia Commons.
