What COVID measures affect companies that have applied for loans?

We will detail some of the measures included in Royal Decree Law 11/2020 as of April 2, 2020, which affects companies that had requested certain loans such as those granted by SGIPYME, EMPRENDETUR loans, and loans granted by the communities autonomous or local entities.

Loans granted by SGIPYME

The loans granted by SGIPYME that are pending resolution on March 14, 2020 will have a modification on the guarantees to be provided. These must be presented after the resolution of the concession and prior to the payment of the loan.

The term to present the guarantees will end on November 3, 2020.

Applicants, if they have had periods of inactivity, reduction in sales volume or interruptions in supply caused by the COVID crisis, may request modifications to the amortization table until September 14, 2022.

Loans granted to Young Entrepreneurs (EMPRENDETUR)

The payment of interest and repayments corresponding to loans granted by the Secretary of State for Tourism is automatically suspended in certain cases.

Loans whose ownership corresponds to an Autonomous Community or Local Entity

Companies or self-employed workers who have requested a loan owned by an Autonomous Community or local Entity may request the deferral of the payment of principal and interest for the remainder of 2020.

This will be possible as long as the COVID crisis has caused periods of inactivity, a significant reduction in the volume of sales or interruptions in the supply of the value chain.

Finally, keep in mind that the regulation is constantly changing during the State of Alarm and the previous circumstances could be altered while it lasts.

This publication does not constitute legal advice.

Free legal advice for COVID

Although we are lawyers specialized in digital businesses, we remind you that, while the state of alarm lasts, from LAW4DIGITAL We will also be offering free legal advice for COVID to health professionals and members of the State security forces and bodies who are helping us so much in these complicated days.


How can LAW4DIGITAL help you?

At LAW4DIGITAL we are lawyers specialized in digital business. We provide comprehensive legal advice to digital companies. We help you with online legal advice.

We will keep you updated about digital business. In any case, you can contact us by sending an email to, calling (+34) 931 444 820 or filling out our contact form at

We look forward to seeing you in the next post!

Law4Digital Team.

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