Investment & Fund Management
backed by the European Investment
Full Credential Description
In 2006, Jesús and Eduardo transitioned from a conceptual idea to establishing Galvexsa, a galvanisation factory in Spain, amidst the challenges posed by the financial crisis. By 2017, the company had stabilized and was on a growth trajectory, essential for industries reliant on galvanisation, which protects steel and iron from rusting. However, as production increased, they faced significant cash flow challenges; they had to pay for raw materials within 25 days while receiving payments for finished products after up to 80 days.
To address these financial hurdles, Galvexsa secured an EU-guaranteed loan and credit line through Liberbank, backed by the European Investment Fund (EIF). This financial support not only helped bridge their cash flow gap but also allowed the company to enhance its factory's infrastructure, including the installation of energy-efficient LED lighting. As a direct result of this growth and improved operational efficiency, Galvexsa was able to hire an additional employee and planned to recruit three more in the upcoming summer. This strategic partnership and tailored financial solution were pivotal in facilitating the company's expansion and operational improvements.