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The Minister of Finance and Public Administration, Andrés Carrillo, today urged entrepreneurs Mazarrón to make new investments, using loans guaranteed by the Institute of Credit and Finance of the Region of Murcia (ICREF), during a meeting with the mayor Alicia Jimenez and which was attended by the Councillor for Finance, Pedro Martinez and other members of the municipal corporation.

Carrillo conveyed that "the regional government the most important is employment, which will increase more and more and thus the GDP of the Region of Murcia".

Alicia Jimenez described this initiative as very positive for the local economic sector and took advantage of his meeting with the Minister to convey other claims arising from the municipality.

During a subsequent meeting with businessmen of the municipality, Andrés Carrillo informed of the actions that are being implemented, such as the agreement with seven financial institutions to grant 50 million euros in loans arranged under the program EIB financing ICO , "whose investments or ownership will be in the region," he said.

These credit operations are backed by 50 percent by the ICREF, "allowing us to reach those entrepreneurs who have more financing difficulties due to lack of guarantees," said Carrillo, adding that they are "investments that contribute to the creation of new jobs, one of the main objectives of the 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: Ayuntamiento de Mazarrón / CARM