Under this agreement, Unicaja Banco and Garántia put at the disposal of SMEs and the self-employed of Andalusia a financing facility of 60 million euros to be used in transactions formalized within one year from the signature of the agreement, with the joint and several guarantee by the Andalusian Mutual Guarantee Society.
The agreement falls within Unicaja Banco’s interest in supporting the business sector as a powerful engine for job creation. Companies in general and SMEs in particular continue to be one of the key objectives of Unicaja Banco’s financing policy.
Unicaja Banco has signed a financial collaboration agreement with Garántia, Sociedad de Avales y Garantías de Andalucía, S.G.R., to make available to Andalusian SMEs and self-employed workers a wide range of products and services, in order to create a financing facility specific for this sector and which, because of its extraordinary terms and interest rate conditions, is to boost business initiatives and to contribute to creating and maintaining jobs.
With the agreement, Unicaja Banco and Garántia offer to this group a financing facility of over 60 million euros to be applied in credit transactions formalized within one year from the signature of the agreement, with the joint and several guarantee provided by the Andalusian Mutual Guarantee Society.
The agreement, which has been signed by Unicaja Banco’s Chairman, Manuel Azuaga, and by Garántia’s President, Javier González de Lara, brings to SMEs in Andalusia a wide range of specific products and services on advantageous terms to support the development of their activities.
Unicaja Banco’s support to SMEs falls within its activity as a financial institution and credit entity with a social purpose and which plays a relevant role in the promotion of local development. Businesses in general and SMEs in particular continue to be one of the key objectives of Unicaja Banco’s financing policy. In this sense, the institution is active in providing funding to these groups, essential to boost the economy and job creation.
Garántia (www.sgrgarantia.es), born from the merger between the mutual guarantee societies Avalunión and Suraval, has among its main functions to provide businesses with access to financing on advantageous terms by granting guarantees, as well as to support the Andalusian business fabric with information and financial advice through its eight branches in the Andalusian provinces.
Products and services offered
Within the framework of the agreement reached between Unicaja Banco and Garántia, SMEs and the self-employed, regardless of their legal form, may apply to the credit facility.
Unicaja Banco sets a financing facility to be used in transactions which have a joint and several guarantee given by Garántia, such as:
- Financing of transactions under agreements entered into with the Official Credit Institute (Instituto de Crédito Oficial, ICO).
- Loans for investments, acquisition of premises, industrial warehouses and other purposes.
- Credit account.
- Equipment leasing.
The agreement will be in force for one year from its signature date, although it may be renewed for successive yearly periods.