The bank offers products and services to consolidate the activity of established businesses, as well as microcredit lines to launch feasible projects.
The renewal of this agreement between Unicaja Banco and IMFE falls within the bank’s interest in contributing to actions aimed at fostering the development of the business fabric, facilitating the economic boost and supporting self-employment in Malaga.
Unicaja Banco and the Municipal Institute for Training and Employment (Instituto Municipal para la Formación y el Emplo, IMFE), dependent on Malaga City Council, have renewed one more year their collaboration agreement to offer funding on advantageous terms, to start, consolidate or expand micro-businesses, entrepreneur businesses and self-employment projects.
The agreement has been recently signed by the Regional Manager of Unicaja Banco in Malaga, José Manuel Alba Torres, and by the Councillor for Economic Reactivation, Business and Employment Promotion of Malaga City Council, Elisa Pérez de Siles.
One of the main objectives of this agreement is to contribute to the development of actions aimed at fostering the business fabric, to facilitate the economic boost and to support self-employment in Malaga. In fact, the collaboration since 2004 between IMFE and Unicaja Banco has resulted in support to nearly 250 businesses and in the creation of almost 450 jobs.
As included in the agreement, Unicaja Banco offers small credits on advantageous terms to business owners, entrepreneurs or professionals with a feasible business initiative. In particular, they will have an amount of up to 25,000 euros to finance up to 90% of the presented project.
The products and services in the agreement to finance established businesses include credit accounts for working capital in general or exclusive to pay salaries and social contributions, loans to pay of taxes in instalments (VAT, Companies Tax and Withholdings, etc.) and official financing facilities.
The IMFE, through its Business Unit, will help the beneficiaries by providing them with the support and business advice services needed for the proper development of the project and by analysing whether it is viable and if access to this funding is possible. This viability plan with favourable report from the municipal organization will be an essential requirement.
Support of Unicaja Banco to entrepreneurs
Unicaja Banco’s support to entrepreneurs and businesses falls within its activity as credit financial institution with a social nature, and within its support to the economic boost in Andalusia, with special interest in Malaga province.
This support to entrepreneurs, professionals and business owners is thus reflected in different actions such as the signature of agreements with public institutions and business associations, the creation of microcredit facilities to foster new self-employment and microbusiness projects or the support to several technology parks through funding programmes.
The IMFE, dependent on Malaga City Council, is a body offering information and advice on employment and self-employment promotion. Through its Business Unit, it acts as centre of reference to boost, support and provide guidance to entrepreneurs who decide to start a business project, being responsible for channelling the different microcredits.