Performing Arts Fund

The performing arts are a teaching tool for developing creativity, interpretation, memory, expressive, and personal skills, all of which are essential capacities for human communication.

Performing Arts Fund

Performing arts

Access to financing for launching projects has always been one of the challenges for the Performing Arts sector (Theater, Dance, Circus, Musicals), which were further aggravated by the pandemic.

Gradually, there is a recovery, but access to credit remains one of the most concerning tasks for self-employed individuals and SMEs within the sector.

CREA SGR has been supporting the Performing Arts sector for years, acting as a specialized intermediary between companies and major financial institutions.

One of our concerns is for you to know about us and reach out to us; that's why we have agreements with institutions and associations that represent the sector. They know us well and enhance our visibility. Additionally, we participate in workshops, webinars, and other events that allow us to explain who we are and how we work in a close manner.

What we finance: Projects related to productions in performing arts, theater, dance, circus, musicals, lyric music, popular music, tours, advance payments for contracts, subsidies, fees, advance of fiscal investors, sponsorships, ...

If you have a professional activity in the performing arts sector, CREA is your financial institution.

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Cultural Industry GuaranteesPerforming Arts Fund

Check out our help is designed to to apply for the guarantee online

FINANCING FOR PRODUCTIONS AND TOURS From 20,000€ Up to 1,000,000€

Financiación destinada a la producción y/o gira de espectáculos en vivo. Realizado por compañías, productoras y autónomos del sector de las artes escénicas. Se devolverá con los ingresos generados por las producciones: subvenciones, patrocinios, caches y otros derechos de cobro. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 1,000,000€
  • Term from 12 months up to 36 months

Financiación destinada a todos los agentes del sector del Teatro, el Circo, la Danza, Lírica. CREA estudiará una financiación adaptada a las necesidades financieras de cada caso individual. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 500,000€
  • Term from 12 months up to 60 months

Projectsof the performing arts

Steps

We help and advise you throughout the whole process

1

Apply for the Guarantee

If you have already explored our website and reviewed our guide, you are now ready to access the 'Apply for your guarantee' section and complete the necessary documentation. Additionally, feel free to call us for an initial consultation.

2

Pre-feasibility analysis

If your application meets the requirements, we will proceed with validating the documentation. In the event that CREA is unable to finance your operation, we will promptly contact you to discuss alternative options

3

Feasibility study

The risk department will carefully review your application and may request additional information to facilitate its approval

4

Process the operation

After CREA approves the financing, our formalization department will reach out to the most suitable bank. Once all the necessary preparations are in place, we will notify you to schedule the signing at the notary's office

*Requirements:
  • Sector
  • SME size (being a small or medium-sized company): self-employed, Ltd., Inc., association, foundation, etc.
  • No payment incidences in official registries (Tax Authorities, Social Security, Cirbe, Asnef, etc.)
  • Have at least one worker (or be self-employed)

Casos de Éxito

FÍGARO, EL BARBERO DE SEVILLA
EL MÉDICO “EL MUSICAL”

¿You still have any doubts?

Frequently Asked Questions (FAQ)

Is it necessary to be a company in order to request a guarantee from CREA SGR?

  • No, CREA can provide guarantees to self-employed individuals and small and medium-sized enterprises (SMEs), but it does not offer guarantees to individuals.

Is it possible to apply for a guarantee from CREA SGR in any sector?

  • No, CREA is the only Spanish Mutual Guarantee Society that exclusively operates within specific sectors, which include the audiovisual, cultural and creative, sports, and gaming and entertainment industries.

Is it required to be a partner of CREA SGR to obtain their guarantee?

  • Yes, it is a prerequisite, as this is what the mutual guarantee is all about, <strong>to help each other by integrating a common fund that facilitates obtaining financing.</strong> But don't worry, you won't have to pay any amount until you have formalized the guarantee with the bank.

    The amount will be 0.5% of the formalized amount, rounded to multiples of 60€ (the nominal value of the social shares).

    This capital is refundable at the expiry of the operation, at which time you can choose to request a refund or remain a Partner of CREA. If you decide to remain a partner, you will continue to receive our advice and information. and you will help this instrument to become stronger.

What documentation is required to be provided?

  • We will request information regarding the project or activity you intend to undertake, as well as fiscal and legal documentation

    you can find the required documentation in the products of each sector.

How do I apply?

  • You must apply online. Our guide is designed to assist you throughout the process.

    Don't worry, for any questions you can contact us through our phone number 915123048 and we will guide you during the entire application process.

What are the CREA SGR's costs?

  • This financing has costs from CREA and costs from the banking institution.

    The CREA's costs are (1):

    • 0,5% Study Commission
    • 1% Annual guarantee commission (2)
    • 0,5% Social shares (refundable upon completion of the operation)

    (1) As long as the operation complies with CREA SGR's risk standard..
    (2) Subsidized cost during the first year for operations in the audiovisual and cultural industry sectors, subject to nominative approval by the Subdirectorate General of Cultural Industries of the Ministry of Culture and availability of funds.

When do I go to the bank, before or after obtaining the guarantee from CREA SGR?

  • You should directly approach CREA to analyze your project and obtain the guarantee. We will take care of all the banking procedures on your behalf.
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If you have a project and you need financing at the best market conditions, apply for your guarantee

Apply for your guarantee Ver Tutorial

Videotutorial de solicitud de aval

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