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The Minister of Finance and Public Administration, Andrés Carrillo, today encouraged employers Ricote Valley to make new investments, using loans guaranteed by the Institute of Credit and Finance of the Region of Murcia (ICREF), in a meeting They attended by the mayors of Ojós, Pablo Melgarejo;

Ricote, Celedonio Moreno;

Villanueva del Río Segura, Jesus Viciana, and Ulea, Victor Manuel Lopez.

Carrillo informed the businessmen that the regional government has signed an agreement with seven financial institutions to grant 50 million euros in loans arranged under the program EIB financing ICO, "with regionalization criteria, that is, whose investments or ownership are in the region, "said the counselor.

These credit operations are backed by 50 percent by the ICREF, "allowing us and reach those most funding difficulties, lack of guarantees," said the Minister, adding that they are "investments that will contribute to the creation of new jobs, one of the main objectives of this government. "

Loans that are included in this line of guarantees of ICREF may be a maximum of 1.5 million euros and a term of up to 10 years.

However, the average transaction is estimated receivables stood at 70,000 euros to seven years and an interest rate around 3.3 percent.

Also, this credit line of 50 million euros may be extended in the event that was consumed before the end of 2017. Companies wishing to access these loans, through the support of the community, not need to provide any kind of mortgage, and they shall be provided within 24 hours.

Source: CARM