OnTech Innovation has signed a collaboration agreement with Microbank to facilitate the financing of innovative business projects through microcredits. The agreement establishes a financing line of up to one million euros aimed at autonomous professionals and microenterprises with less than 10 workers.
Applicants may qualify for microcredits up to an amount of 50,000 euros (with a limit of 80% of the investment). The Projects must have a business plan and a favorable viability report prepared by OnGranada.
The criteria for the granting of microcredits by MicroBank fundamentally address the confidence in the initiative and the viability of the project, and companies can access without guarantees or guarantees.
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