ENISA Young Entrepreneurs Loan

Program Overview

ENISA's Young Entrepreneurs (Jóvenes Emprendedores) line provides participative loans from €25,000 to €75,000 for newly established startups led by young entrepreneurs under 41 years of age. This program co-finances the company's strategic plan without requiring personal guarantees or collateral.

Funding Details

ENISA participative loans are structured as patient capital with no fixed repayment schedule during the initial years. Interest payments are linked to company profitability, making them ideal for early-stage ventures. The loans typically have terms of 5-9 years with grace periods for capital repayment.

Eligibility Requirements

To qualify: (1) Company must be incorporated within 24 months prior to application, (2) Majority capital held by individuals under 41 years old, (3) Main activity and registered office in Spain, (4) Business model demonstrates innovation or differentiation, (5) Partners contribute at least 50% of requested loan amount through capital or own funds, and (6) Company must have its own legal personality.

Application Process

Submit applications year-round through ENISA's online portal at www.enisa.es. Include business plan, financial projections, team backgrounds, and proof of own funds. Evaluation period typically takes 2-3 months from submission to funding decision. ENISA has financed over 7,800 SMEs and startups, disbursing approximately €1.4 billion since inception.

Key Benefits

No personal guarantees required, interest payments linked to profitability (lower in difficult years), long grace periods for repayment, non-dilutive financing (no equity given up), and access to ENISA's mentorship network. The fund reached self-sufficiency in 2026 and will operate for 20 years, ensuring steady resource flow.