# Frequently asked questions about ENISA

> Quick, verified answers: guarantees, equity, amounts, timelines, interest, lines, audits, capital increases, and how the loan is repaid.

- Canonical: https://help.enisa.ai/en/sobre-enisa/preguntas-frecuentes
- Updated: 2026-08-08
- Language: en-US
- Versión en español: https://help.enisa.ai/sobre-enisa/preguntas-frecuentes.md

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](/sobre-enisa/plazos-y-resolucion).

## 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.