MAPA-ICO SAECA SGR/SAECA Guarantee

Financing for general business needs following loss of profit due to drought and other adverse climatic phenomena

MAPA-ICO SAECA SGR/SAECA Guarantee
Who is it for?
  • Owners of agricultural operations and sea fishing and aquaculture operators that are beneficiaries of MAPA-ICO - SAECA aid in accordance with Article 6 of Royal Decree-Law 4/2022, amended by Royal Decree-Law 6/2022
Where can I apply?    
  • At credit institutions directly
  • Applications for MAPA aid will be submitted by the Credit Institution when applying for the financing
Maximum amount per customer    
  • Up to EUR 100,000, in one or more operations
Maximum amount of aid
  • Up to EUR 10,000 in aid, cumulative 
What does it finance?    
  • Business liquidity needs 
Method
  • Loan
Interest rate
  • Fixed or variable, plus the margin established by the credit institution according to the repayment term, without prejudice to what is agreed with SAECA for obtaining the guarantee
Repayment term and grace period
  • From 1 to 15 years, with the possibility of up to 3 years of grace period for repayment of principal
  • No total or partial early repayments can be made in the first year of the loan
Validity    
  • Aid may be requested until May 1, 2023 and operations may be formalized until August 1, 2023

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