ENISA loan in 2026: Startups y pymes line requirements and how to apply

Yes. As of 5 October 2026, the ENISA Startups y pymes line is permanent: it has no call for applications or closing date, and you can submit your application at any time of the year through the ENISA Portal del Cliente. ENISA is the National Innovation Enterprise, a state-owned company attached to the Ministry of Industry and Tourism that finances innovative business projects.

The deadline to formalise loans with European funds from the Recovery Plan expired on 30 June 2026 (art. 14.1 of Real Decreto 681/2025, which regulates the FEPYME fund). That did not close the line. On 15 September 2026, ENISA announced that, having finished executing those funds (456 loans and €79.8 million), it keeps its financing activity fully operational and continues to analyse and approve operations with its ordinary resources.

You should be clear about this from the start: the ENISA loan is not a subsidy. It is a participative loan on market terms, which you must repay with interest and which, under the FEPYME regime, does not constitute State aid (art. 7.1 of Real Decreto 681/2025). That is why there are no regulatory bases, scoring systems or application deadlines like in public grants: ENISA decides on a case-by-case basis after analysing the business plan and the company accounts.

It no longer exists as a line. The old Jóvenes Emprendedores, Emprendedores (Entrepreneurs) and Crecimiento (Growth) lines have disappeared from the ENISA website, and the address where they were published returns an error. Whatever is circulating about amounts or age requirements for ENISA Jóvenes Emprendedores describes a product that does not accept applications today.

If you were looking for that line, the one that applies to you now is Startups y pymes. The age of the shareholders is not among its published requirements: what matters is that the business is an incorporated SME with an innovative business model and that it meets the financial requirements we explain below.

Today the ENISA financing page shows the general Startups y pymes loan and 4 thematic lines: Innovación x Clima (Innovation x Climate), Emprendedoras Digitales (Digital Female Entrepreneurs), AgroInnpulso and Audiovisual e industrias culturales y creativas (audiovisual, cultural and creative industries). All of them show the same amount range, from €25,000 to €1,500,000.

The most recent one is Innovación x Clima, which is funded by the Reinicia+ FEPYME DANA PLUS Mechanism (Council of Ministers Agreement of 14 July 2026, published in the BOE, Spain's Official State Gazette, on 21 July). It has an allocation of up to €300 million, is processed on a first-come, first-served basis and will be valid, at most, until 31 December 2032. It is designed for SMEs linked to areas affected by a civil protection emergency (by having activities or establishments, their registered office, their suppliers or their investments there, or by starting their activity there as a newly incorporated company, at most 1 year before) and for SMEs domiciled in Spain that provide solutions to the problems generated by those emergencies. In addition to recovery, it finances prevention, resilience and business transformation projects against climate change.

According to the line page, the 2025 application guide and the ENISA help centre, the company must meet all these requirements at the same time:

1. Be a legally incorporated company in Spain, with its own legal personality and tax domicile in Spain. The ENISA application guide says that only SMEs incorporated as commercial companies (SA, SL, SAL, SLL and similar) can apply. Its help centre also mentions cooperatives: if your company is one, you should confirm this with ENISA before preparing the application.

2. Be an SME: fewer than 250 employees and an annual turnover of less than €50 million or a balance sheet of less than €43 million, according to the definition on the ENISA website itself.

3. Have equity at least equal to the loan amount. If your company has €120,000 in equity, it will not be able to receive more than €120,000, even if the project needs more.

4. Have the annual accounts for the last financial year deposited in the Registro Mercantil (Commercial Registry). If you request more than €300,000, the accounts must be audited.

5. Be up to date with your obligations with the Agencia Tributaria (the Spanish Tax Agency) and the Seguridad Social (the Spanish social security system).

6. Present an innovative, viable business model with competitive advantages, backed by a solid business plan.

7. Not belong to the real estate or financial sectors, which are excluded, and respect the principle of do no significant harm to the environment (known as DNSH).

8. Not have another pending application with ENISA: a new application is not accepted while another is under study.

The 2 requirements you should check first are the equity and the accounts: a small capital, accumulated losses or undeposited accounts are enough to prevent you from requesting the amount you need. That is why the first thing is to check the latest balance sheet.

The loan ranges from €25,000 to €1,500,000 per client, always capped by the company's equity. The maximum repayment period is 7 years and the ENISA website offers up to 2 years of capital grace period, meaning an initial period where you only pay interest. The instalments are quarterly.

The interest has 2 tranches. The first is the Euribor plus a differential that is set every year and settled quarterly. The second is variable and depends on the financial profitability of the company, with a cap set according to its credit rating: if the company earns little, it pays little for this tranche. The line page does not publish the differential or that cap in figures.

As a reference, the FEPYME Operational Guide of August 2025 set a differential for the first tranche of between 4.00% and 6.00% depending on the company's rating, and a maximum for the second tranche of between 4.50% and 6.50%. ENISA will communicate the specific conditions of your operation if it is approved.

You must account for 2 fees. The opening fee is 0.5% of the granted amount. And if you cancel the loan early or the control of the company changes, ENISA charges a fee equivalent to the interest of the second tranche for the entire life of the loan, minus the second-tranche interest you have already paid.

As it is a participative loan, its regime is that of article 20 of Real Decreto-ley 7/1996, to which the ENISA help centre refers.

No. ENISA only finances companies incorporated as capital companies and cooperatives. An autónomo working as a natural person is left out, and the same happens in the Innovación x Clima line, whose operational guide considers being a company without a commercial corporate form as a cause for non-admission.

If you are an autónomo and your project fits into what ENISA finances, the way forward is to operate through a company. But the company will have to meet all the requirements on its own: equity at least equal to the loan, accounts for the last financial year deposited and being up to date with Hacienda (the Spanish tax authorities) and the Seguridad Social.

The 2025 ENISA application guide lists the mandatory documentation; the table in this guide summarises it.

The most surprising document is the notarial deed of declaration of beneficial ownership: it is a deed declaring who the natural persons controlling the company are. If your company does not have it, you must obtain it before submitting, because without it the application is not complete.

Keep the deadline in mind: once the application is filled out and sent in the Portal del Cliente, you have 30 days to upload the documentation. If it is not uploaded within that period, the application becomes void and you have to start again. That is why we recommend gathering everything before sending the application, not after.

The declaración responsable (sworn statement) for the line is signed by the legal representative of the company with a digital certificate, and is accompanied by their valid DNI (Spanish national identity document) and the PDF of their powers of attorney. ENISA warns in its operational guide that documents without that signature are not valid.

Everything is done online, in the ENISA Portal del Cliente. First, the company is registered and the user is created: you enter the portal with a username and password provided by ENISA, and the contact person must be an employee or a director of the applicant company. To complete the registration, ENISA already asks for the signed declaración responsable, the DNI and the deed of powers of attorney of the person signing it, the deed of incorporation, the company's NIF (tax identification number) and the certificado de situación censal (certificate of tax registration status). Then you fill out the application form with the business plan and financial information, send it and upload the documentation within the following 30 days.

ENISA analyses the operation in an average of 60 days from when it has all the information; on its homepage it speaks of less than 2 months. During the analysis, it may ask for clarifications or additional documents, and responding quickly and well is what shortens the timeframe the most.

If the operation is approved, ENISA communicates the conditions to you (amount, term, grace period and interest) and the loan agreement is formalised before disbursement.

At Managora we prepare your ENISA loan application with the 'ENISA participative loan application (Startups y pymes line)' service, with a fixed price: you can see the updated amount in the service file. Before you pay anything, the file asks you what decides if your company can apply for it: if it is a company, how much equity it has, how much you want to request and if you have the accounts deposited.

We do the work that truly decides the operation: we review your accounts and your equity to set the amount that makes sense to request, we draft the business plan and financial projections in the format that ENISA analyses, we prepare the declaración responsable, we organise and review all the documentation and we prepare the answers to the clarifications that ENISA requests during the analysis.

Being up to date with Hacienda and the Seguridad Social is a requirement, although the ENISA application guide does not include the certificates among the mandatory documents. If you want to check your situation before applying, we obtain the certificates with our 'Certificado de estar al corriente (tax and Seguridad Social clearance certificate)' service; you can see the updated amount in the service file.

There are 3 things that ENISA reserves for the company itself and that, therefore, you do: register as a contact person in the Portal del Cliente (ENISA requires it to be an employee or a director), send the application and documentation from that user (ENISA does not provide for a third party to submit them) and sign the declaración responsable with your digital certificate. We never ask for your certificate: you sign with yours and we leave everything prepared for you and guide you through each screen. During the analysis, ENISA's notices reach the company's contact person; when it asks for clarifications or documents, we prepare the answers for you.

What we cannot do is guarantee that the loan will be granted: ENISA decides. What we do is tell you before starting if your company meets the requirements, so you do not invest time or money in an application that cannot succeed.