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BOE-A-2026-18411 ·1 September 2026 ·Resolution High impact
Subsidies

Agri-food SMEs and entrepreneurs: access to participatory loans via the Agroinnpulso 2026 Line

The Ministry of Agriculture, Fisheries and Food and ENISA have signed an agreement to implement the 'Agroinnpulso 2026' participatory loan line. This line is aimed at supporting entrepreneurship and innovative SMEs in the agri-food sector and rural areas. The financing model combines a fixed interest tranche based on Euribor plus a spread according to the company's rating, and a second variable tranche linked to the pre-tax result on average equity (fourth clause).

In 3 key points

  1. Fixed tranche interest: One-year Euribor + 2 p.p. (rating A1-C2) or + 3.75 p.p. (rating C3 and refinancings), fourth clause (cláusula cuarta)
  2. The second interest tranche is calculated based on the pre-tax result of average equity, fourth clause (cláusula cuarta)
  3. Rate reduction in the first tranche if the operation is guaranteed by the EIF, fourth clause (cláusula cuarta)

How it affects those involved

For innovative SMEs in the agri-food sector, the regulation provides a financing route with variable costs depending on their solvency and profitability. Companies with better ratings (A1) access lower interest rates in the fixed tranche (Euribor + 2 percentage points) and have lower maximum caps in the variable tranche (3.000%) compared to those with a C3 rating (8.000%) (fourth clause). Operations guaranteed by the EIF will obtain an additional reduction in the rate for the first tranche based on their credit rating (fourth clause).

Frequently asked questions

Who is this loan line directed at?
It is aimed at supporting entrepreneurship and innovative SMEs in the agri-food and rural sectors (convention).
How is the loan interest calculated?
It consists of a fixed tranche (Euribor plus a differential based on rating) and a variable tranche based on pre-tax profit on average shareholders' funds (clause four).
Is there a benefit if the loan is guaranteed by FEI?
Yes, the interest rate in the first tranche is reduced by specific percentages based on the company's credit rating (clause four).

Lifecycle

2026-09-01PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BMC.
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