Frequently asked questions about ENISA
Quick, verified answers: guarantees, equity, amounts, timelines, interest, lines, audits, capital increases, and how the loan is repaid.
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These are the most frequently asked questions about ENISA loans — guarantees, equity, amounts, interest, timelines and repayment — with answers checked against what ENISA publishes (last human verification: 6 August 2026).
Does ENISA ask for personal guarantees or collateral?
No. ENISA publishes it expressly: loans without guarantees. The company answers for the loan, not your personal assets.
Does ENISA keep a share of my company?
No. It is a participative loan, not an investment: ENISA takes no stake and no part in your decisions. "Participative" refers to part of the interest being tied to your results, not to your equity.
How much can I request?
Between €25,000 and €1,500,000, with a practical limit that matters more than the maximum: your own funds must be at least equal to the amount you request.
What interest will I pay?
Two tranches: a fixed one (Euribor plus a spread) and a variable one tied to your company's results, with a cap that depends on the operation's credit rating. The exact figures for your case are set by ENISA in the resolution; add a 0.5% opening fee.
How long does it take?
There is no official guaranteed deadline. In practice, count on months from submission to disbursement, and remember that after approval there are still conditions to meet. More detail.
Which lines exist now?
Five: Startups y Pymes (the general one) and four sector lines — Emprendedoras Digitales, AgroInnpulso, Audiovisual e Industrias Culturales y Creativas, and Innovación x Clima. Same financial terms; what changes is who qualifies. The old age- and stage-based lines (Jóvenes Emprendedores, Emprendedores, Crecimiento) are no longer the current structure.
Do I need my accounts audited?
Only if you request more than €300,000: then last year's accounts must be externally audited. Below that, having them deposited at the Registro Mercantil is enough.
Is a capital increase mandatory?
It does not appear as a published ENISA requirement — but in practice approved operations usually make disbursement conditional on a cash capital increase, and it is the usual way to meet the own-funds requirement. If you have none done or planned, solve that before applying.
Can I use the loan to pay other debts or distribute dividends?
No. ENISA excludes it expressly: the funds cannot go to refinancing or early-cancelling existing debt, nor to distributing dividends or other payments to shareholders.
How is it repaid?
Up to 7 years' term with up to 2 years' grace. During the grace period you repay no principal; afterwards, quarterly repayments of principal in constant instalments until maturity. You can repay early, subject to your contract's fees.
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