What Avalmadrid does

Avalmadrid, legally AVALMADRID SOCIEDAD DE GARANTÍA RECÍPROCA, is the mutual guarantee society (Sociedad de Garantía Recíproca, SGR) of the Community of Madrid, constituted in 1982 and headquartered at Avda. de los Toreros 3, Madrid. It issues financial guarantees (avales financieros) that back bank credit to SMEs, self-employed professionals (autónomos), entrepreneurs, startups, and industrial companies, as well as technical guarantees (avales técnicos) for public tenders, subsidy advances, and contractual obligations before public administration and third parties, plus subsidized financing lines (líneas bonificadas) that channel regional and national public support. The platform is delivered through a hybrid distribution model: a fully digital virtual office at avalmadrid-online.es for self-serve applications, plus six physical branch offices across the Madrid region (Madrid HQ, Alcalá de Henares, Getafe, Pozuelo de Alarcón, Alcobendas, Móstoles), supported by relationship managers who shepherd each guarantee application from intake to bank disbursement.

The business operates on three revenue mechanics: (i) annual commissions charged on outstanding guarantees (commercial paper programs benchmark at 1% per annum and commissions are quoted per operation); (ii) social quotas (refundable subscription capital) paid by every SME that obtains a guarantee, building a participating partner base of 11,654 members as of 2025; and (iii) occasional disposal income from a portfolio of real estate assets recovered through guarantee enforcement. Distribution is multi-channel: a direct sales force, 23+ banking partners including CaixaBank, Santander, BBVA, Bankinter, Sabadell, Ibercaja, Kutxabank, Deutsche Bank, and Triodos, plus 26+ institutional partners covering chambers of commerce, sector associations (COCEM, CITET, UNO), the Madrid City Council, and the Community of Madrid. Go-to-market is supplemented by event presence (FranquiShop, Foro Guadarrama) and content marketing. Cumulative guarantees issued exceed €2.65 billion since founding.

Ownership is structured around protective partners (Comunidad de Madrid holds the Board presidency; CaixaBank, Santander, Madrid City Council, Madrid Chamber of Commerce, CEIM, Agrupama Plus Ultra hold seats) and the 11,654 participating partners (socios partícipes). Lorenzo Alonso Felipe serves as Director General, with Rodrigo Robledo Tobar presiding the Board. The entity is GDPR-compliant, a member of the UN Global Compact Spanish Network, and receives re-guarantee from CERSA plus risk-sharing support from the European Investment Fund, embedding Avalmadrid in a public-private architecture that channels subsidised capital to Madrid's productive SMEs. In 2026, Avalmadrid materially expanded its financing capacity through new or elevated lines with Bankinter (€30 million), Miraltabank (€10 million), Zintra Capital Credit (commercial paper up to €1.75 million per beneficiary), and ICO Crecimiento.

Name

Avalmadrid

Legal name

AVALMADRID, SOCIEDAD DE GARANTÍA RECÍPROCA

Website

https://avalmadrid.es

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

101–250 employees

Short description

Avalmadrid is the mutual guarantee society (Sociedad de Garantía Recíproca, SGR) of the Community of Madrid, issuing financial and technical guarantees that enable SMEs, self-employed professionals, entrepreneurs, and industrial companies to access bank credit and public contracts. It operates across six regional offices and a digital virtual office, backed by 23+ banking and 26+ institutional partners.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Guarantee fees (financial and technical avales): Avalmadrid earns revenue through commissions charged on the financial and technical guarantees (avales) it issues to SMEs, self-employed workers, and entrepreneurs. These fees are paid by the beneficiary companies and are typically structured as an annual percentage of the guaranteed amount. For certain lines such as Zintra Capital's commercial paper program, commissions start from 1% per annum. As an SGR, Avalmadrid is a non-profit entity that channels public subsidies and institutional support to make financing more accessible.
2. Annual membership fees (socio partícipe): SMEs and self-employed professionals who obtain a guarantee from Avalmadrid must become 'socio partícipe' (participating member) by subscribing a social quota. This quota is refundable upon completion of the guaranteed operation. The membership base reached 11,654 participating members in 2025, representing a recurring source of quota income and deepening the customer relationship.
3. Real estate asset management: Avalmadrid manages a portfolio of real estate assets (residential, commercial, industrial, and land) acquired through guarantee recoveries. These properties are listed for sale or lease on its website, generating disposal revenue when sold and rental income when leased. Properties include commercial premises (e.g., C/ Corralones 5, Fuenlabrada at €75,000), industrial complexes (e.g., Avenida de Balonmano Nava 10 at €1,650,000), and residential units.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels7 records

Core offering

Avalmadrid is a Sociedad de Garantía Recíproca (SGR) of the Community of Madrid that issues financial guarantees (avales financieros) backing bank credit operations and technical guarantees (avales técnicos) backing contractual and administrative obligations for SMEs, self-employed professionals, entrepreneurs, startups, and industrial companies. It also channels subsidized financing lines (líneas bonificadas) partially funded by public institutions, including specialized programs for women-led SMEs and sector-specific lines through COCEM and CITET. The entity combines this guarantee business with a real estate portfolio of properties recovered through guarantee operations.

Product overview

Avalmadrid is a Sociedad de Garantía Recíproca (SGR) - a mutual guarantee society serving the Madrid Community that operates as a platform offering three core product lines: Avales Financieros (Financial Guarantees), Avales Técnicos (Technical Guarantees), and Líneas Bonificadas (Subsidized Financing Lines). The Avales Financieros portfolio includes investment loans, treasury loans, entrepreneur loans, taxi/VTC loans, credit lines, leasing/renting, factoring, confirming, foreign trade lines, shared risk arrangements, and Aquisgrán products. Avales Técnicos encompasses subsidy advances, administration loans, third-party guarantees, international bidding bonds, and provisional/final bonds for public tenders. The Líneas Bonificadas include COCEM/CITET financial products and women-led SME financing. The platform also maintains a real estate portfolio (Inmuebles) for properties received as collateral. Avalmadrid provides a digital portal (avalmadrid-online.es) for online guarantee applications and maintains partnerships with major Spanish banks and financial institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Avales Financieros (Financial Guarantees) Financial guarantees issued by Avalmadrid to back financing operations (investment loans, working capital, credit lines, leasing, factoring, confirming, international trade) granted by partner banks to SMEs, self-employed professionals, entrepreneurs, startups, and industrial companies. Maximum guaranteed amount of €1,500,000 per company (€1,750,000 per group).
• Avales Técnicos (Technical Guarantees) Technical guarantees and bonds issued before public administrations, official bodies, and private third parties to back contractual obligations including public tender participation (provisional and definitive bonds), contract execution, service provision, advance payments, and subsidy advances. Maximum guaranteed amount up to €3,500,000 per group for most technical guarantees.
• Líneas Bonificadas (Subsidized Financing Lines) Subsidized financing programs where partial costs are covered by public institutions (Community of Madrid), reducing interest rates and/or guarantee commissions for eligible SMEs, self-employed professionals, and entrepreneurs. Includes Aquisgrán, COCEM/CITET sector-specific lines, and women-led SME financing.
• Préstamo Inversión (Investment Loan)

Quantifiable outcome

• More than €2.65 billion in guarantees delivered since founding, supporting thousands of SMEs and self-employed workers in Madrid
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor and core.

• COCEM (Comercio)minorGTM or Marketing PartnerCOCEM is the commerce sector association with which Avalmadrid maintains a collaboration agreement to offer bonified financing lines (Productos Financieros COCEM). These lines provide preferential investment and working capital financing for COCEM member SMEs and self-employed workers in the commerce sector in the Community of Madrid.
• CITET (Tecnología)minorGTM or Marketing PartnerCITET is the technology sector association with which Avalmadrid collaborates on bonified financing products (Productos Financieros CITET). These lines offer preferential conditions for investment, working capital, and modernization projects for CITET member technology SMEs and self-employed workers in the Community of Madrid.
• Cámara Oficial de Comercio, Industria y Servicios de MadridcoreGTM or Marketing PartnerThe Madrid Chamber of Commerce is a protective member (socio protector) of Avalmadrid and holds a seat on the Board of Directors. The Chamber refers its member businesses to Avalmadrid for guarantee support and collaborates on initiatives to strengthen the Madrid business ecosystem.
• CEIM (Confederación Empresarial de Madrid)minorGTM or Marketing PartnerCEIM is the Business Confederation of Madrid and a protective member of Avalmadrid. It acts as a referral channel for its member companies and participates in joint initiatives to promote SME access to financing in the Madrid region.
• Ayuntamiento de MadridcoreGTM or Marketing PartnerThe Madrid City Council is a protective member of Avalmadrid and collaborates on bonified financing programs for businesses based in Madrid municipality. It provides institutional support and refers municipal business support programs to Avalmadrid's guarantee services.
• UNO (Organización Empresarial de Logística y Transporte)minorGTM or Marketing PartnerUNO is the logistics and transport business organization. Its partnership with Avalmadrid enables member logistics and transport companies to access preferential guarantee-backed financing for investment, fleet expansion, and operational capital.
• Fundación 'la Caixa'minorGTM or Marketing PartnerFundación 'la Caixa' collaborates with Avalmadrid on social action projects aimed at improving the quality of life of people in vulnerable situations. This collaboration represents Avalmadrid's commitment to corporate social responsibility (RSC) and its adhesion to the UN Global Compact Spanish Network.

Scale indicators7 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Elkargi SGR: Elkargi is the SGR of the Basque Country and the largest mutual guarantee society in Spain by guarantee volume. It operates the same dual financial/technical guarantee model as Avalmadrid, with a comparable member-owned structure and re-guarantee from CERSA, serving Basque SMEs and self-employed.
• Iberaval SGR: Iberaval is the SGR of Castilla y León, offering financial guarantees, technical guarantees, and bonified lines to SMEs and self-employed. Direct regional peer with same business model, regulatory framework, and CERSA re-guarantee backing as Avalmadrid.
• Avalis SGR: Avalis is the SGR of Catalonia and one of the largest regional mutual guarantee societies in Spain. Same SGR legal framework and product set (financial and technical guarantees) as Avalmadrid, serving Catalonian SMEs and self-employed with backing from CERSA and the Generalitat de Catalunya.
• ISBA SGR: ISBA is the SGR of the Balearic Islands, offering financial guarantees and bonified financing lines to SMEs and self-employed. Same mutual guarantee society model, same regulatory framework under the Ley de Sociedades de Garantía Recíproca, and same CERSA re-guarantee mechanism as Avalmadrid.
• Sogarca SGR: Sogarca is the SGR of Aragón, providing financial and technical guarantees to SMEs, entrepreneurs, and self-employed in the Aragón region. Direct peer to Avalmadrid under the same national SGR framework and CERSA re-guarantee structure.
• AVAL Castilla-La Mancha: AVAL Castilla-La Mancha is the SGR of the Castilla-La Mancha region, offering financial and technical guarantees under the same Spanish SGR legal framework as Avalmadrid. Comparable in scope, member-owned structure, and reliance on CERSA re-guarantee.

Broad incumbents

• Instituto de Crédito Oficial (ICO): ICO is Spain's national public development bank and a partner of Avalmadrid under programs like ICO Crecimiento. While ICO provides direct financing rather than guarantees, it operates in the same Spanish SME-financing ecosystem and channels capital to the same end-borrower segments as Avalmadrid.

Others

• CESGAR (Confederación Española de Sociedades de Garantía Recíproca): CESGAR is the umbrella confederation representing all Spanish SGRs including Avalmadrid. It coordinates sector policy, represents SGRs vis-à-vis regulators (Bank of Spain, CERSA), and operates shared services. Institutional counterparty rather than competitor, but central to understanding Avalmadrid's regulatory ecosystem.
• Confidi (Italy): Confidi are Italian mutual guarantee consortia that perform a structurally similar role to Spanish SGRs: providing collective guarantees to facilitate SME access to bank credit. Useful international comparable for understanding the long-term trajectory and structural economics of the mutual-guarantee model in which Avalmadrid operates.

Emerging players

• MicroBank (CaixaBank): MicroBank is CaixaBank's social microfinance bank, providing microloans and SME financing to entrepreneurs, self-employed, and micro-businesses in Spain. Targets overlapping customer segments as Avalmadrid (small businesses and autónomos needing credit access) but operates through direct digital lending rather than the SGR guarantee model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/avalmadrid
• Facebookfacebook.com/AvalmadridSGR
• LinkedInlinkedin.com/company/avalmadrid
• Instagraminstagram.com/avalmadrid

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Avalmadrid