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Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure ES-2020-14/1891 – measures in Spain

Microcredits for the self-employed and SMEs

Microcréditos para autónomos y Pymes

Country Spain , applies regionally

    • – ES61 Andalucía
Time period Temporary, 01 April 2020 – 31 March 2021
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Carlos Molina (UAB)
Measure added 26 April 2021 (updated 11 May 2021)

Background information

With the aim of injecting the necessary liquidity to SMEs, self-employed workers and mutual insurance companies and favoring the return to activity in the de-escalation, these groups can request, with great advantages, microcredits of €9,000 to €15,000 guaranteed by Garántia and with a duration between 3 and 5 years.

Thanks to the budget increase of €51 million by the Junta de Andalucía to the agreement previously signed with Garántia, both the cost of the guarantees and the interests thereof will be financed during the first year of grace, so the cost of said guarantee will be zero.

These are loans with a significant reduction in the economic-financial conditions of access to existing guarantees, with an agile and fast processing by Garántia and the Ministry of Finance.

Content of measure

The beneficiaries of these microcredits will be self-employed and Micro-SMEs with establishment permanent or main center of activity in Andalusia, affected by the COVID-19 crisis.

Can access to these microcredits, the self-employed and SMEs with tax benefits, positive equity and generation of sufficient resources to pay your debt up to 31 December 2019.

Moreover, those companies benefiting from these microcredits have to maintain employment levels during the period enjoying the credit

The required documentation will be the self-assessment of personal income tax for the last year or annual statement-summary of VAT for 2019 if it had not been submitted; Proof of self-employed or mutual insurance payment, with a minimum seniority of 31 December 2019; certificate of being up to date with the Treasury and Social Security and analysis of the bank does not appear in any record of defaults.

Use of measure

No information available.

Target groups

Workers Businesses Citizens
Does not apply to workers Solo-self-employed
Does not apply to citizens

Actors and funding

Actors Funding
Local / regional government
No special funding required

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement No involvement
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: N/A


No involvement of social partners was reported

Views and reactions

No views of social partners has been reported



Eurofound (2021), Microcredits for the self-employed and SMEs, measure ES-2020-14/1891 (measures in Spain), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.