2018 ADN Line - Short Term
Overall allocation::
Until 400 000 000 €
Maximum amount of Financing per Company:
1 500 000 €
Beneficiaries:
Small and Medium Enterprises (SMEs), or companies with a turnover equal to or less than €150 million and which are not part of business groups whose consolidated billing is over €200 million.
Companies must:
- Present a positive net worth in the last approved balance sheet;
- Have no unregularised incidents with the bank at the date of issue of the contract;
Have their situation regularised with the Tax Administration and Social Security at the time of recruitment.
Interest rate:
Includes a maximum spread of 3.75%.
Mutual Guarantee:
Until 60% of the outstanding capital at each moment of time on the Specified Line.
Capital Amortization:
When applicable, constant, equal, monthly, quarterly, half-yearly or annual installments, and in arrears.
