Financing SMEs 

The Directorate-General of SME Policy (DGPYME) provides direct financing to entrepreneurs and small- and medium-sized companies through the Spanish National Company for Innovation (ENISA).

In addition, the Directorate-General of SME Policy (DGPYME) has the following tools and programmes to help entrepreneurs and small- and medium-sized companies access different sources of private financing:

• Refinancing for Mutual Guarantee Associations (up to 75%) for the guarantees issued to self-employed workers and SMEs through the Spanish Refinancing Company (CERSA)
• Financial support for the networks of Business Angels that show they can effectively contribute to attracting and applying financing from private investors in the innovative projects of entrepreneurs and SMEs through the new Support Programme for National Business Angel Networks (in the pipeline)
• Financial backing for companies that wish to float on the Alternative Investment Market whereby said companies are issued interest-free loans by the Spanish National Company for Innovation (ENISA) to allow them to meet the associated preparatory costs.