Cash flow issues? The Spanish Govt can help!

Are you a busi­ness with cash flow is­sues arising from the covid pan­demic? The EU is provid­ing grants for busi­ness own­ers who lack li­quid­ity. This art­icle is for you.

Companies are struggling to pay their debts
Small and me­dium sized com­pan­ies are strug­gling to pay their debts- A new grant re­leased June 7th 2021 can help.

Good news. Ac­cord­ing to the re­gional press, the ap­plic­a­tion for the new grants com­ing from the European Union will be is­sued this week start­ing on the 7th of June. From first glance it looks good.

Com­pan­ies with cash flow is­sues, who can­not pay their fac­turas from 2020 can receive up to 40% of the value of their outstanding debt.

The terms and con­di­tions of the grants will be the ones ac­cord­ing to Royal-De­cree 5/2021. As we in­formed on due time from 347 Asesores. (thanks to Rafa in 347 for put­ting this to­gether for us)

Grants cover most of the most common businesses in our society.
It is of the utmost importance to point out that the grants will be aimed at paying the fixed costs of a firm. These costs can be leases, salaries, electricity supplies, or debts towards suppliers which were due from the 1st of March 2020 to the 31st of May 2021.