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The business project Arrocería Seafood Bay, which has restored the old premises of the Seafood Bay located on Calle Escorial No. 13 parallel to Main Street, has received a loan of 25,000 euros, within the Microcredit Program Social CAM, which manages Local Development Agency and Employment (ALDE).

This business aims to meet the need for a seafood restaurant in the historic center of Cartagena, taking advantage of its central location, allowing you to serve the entire Cartagena tourism, while benefiting from the proliferation of public administrative buildings and businesses and easy access through the pedestrian.

The promoters have vast experience in the hospitality sector and will establish a competitive pricing strategy and products, like rice and specialty seafood fideguas so much to bring to enjoy in the restaurant and menus, all very low prices, at around 11 euros.

Another important aspect of its cuisine is the variety of fresh seafood that you can sample while maintaining its financial proposal.

As you may recall the City Council and the Caja de Ahorros del Mediterráneo recently signed a partnership agreement to manage the program micorcréditos, in order to support and fund self-employment projects for people who have difficulties to access through the normal channels for funding lack of credit history or collateral.

The conditions under which these microloans are granted:

- Deadline for up to 7 years including 6 month grace period

- No commitment fees, study and early repayment and the total

- Finances 95% of the project with a maximum amount of 25,000 "

- Interest rate is one year euribor plus two points.

- And the promoters should have no credit history (mortgage, personal loans), property and contribute 5% of the project.

Local Development Agency and Employment is advising numerous ideas and conducting business with the promoters of business plans and feasibility studies of business initiatives.

The people who are interested in building your business, need financing and comply with the requirement of not being able to access funding through the normal channels can obtain advice and information both to form a company, such as access to this financing without guarantees, in the building of the Agency of Local Development and Employment, Charity Street No 1 of Cartagena or by calling 968 52 34 51.

Source: Ayuntamiento de Cartagena