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The Bay opens its doors with the help of the ADLE (15/10/2009)

The Arrocería Seafood Bay, today opened the doors of its refurbished roadside stand Escorial No. 15, in an opening ceremony where they have offered to the society of Cartagena which has approached the restaurant, culinary specialties, such as rice dishes seafood and fideguas.

This business project has been possible thanks to the collaboration agreement between the City of Cartagena and the Caja de Ahorros del Mediterráneo to manage CAM Social Microcredit Programme, aimed to support and fund self-employment projects for people who find it difficult to access by usual funding channels for lack of credit history or collateral.

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

This is the case of the business project Arrocería Bay Seafood, for which approved a loan of 25,000 euros, which has seen the restoration of the old local Bay Seafood Restaurant located in the Escorial Street No. 15, parallel to Main Street.

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 such as rice and fideguas specializing in seafood, to carry to enjoy in the restaurant and menus, all environment at very affordable prices to 11 euros.

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

WITHOUT A PROGRAM OF FINANCIAL GUARANTEES

The features of microcredit in order of importance:

No warranties or guarantees.

Period of up to 7 years including 6 months of default.

No commitment fees, study and full prepayment.

95% financed the project with a maximum amount of 25,000 euros.

The tipor of interest is the one year euribor plus two points.

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

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 1 Cartagena 30202 or by calling 968 52 34 51.

Source: Ayuntamiento de Cartagena

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