What Garantia does

Garántia SGR (legal name: SOCIEDAD DE AVALES Y GARANTÍAS DE ANDALUCÍA, SGR) is a non-profit mutual guarantee society (Sociedad de Garantía Recíproca) headquartered in Granada, Spain, that facilitates access to bank credit for Andalusian small and medium-sized enterprises and self-employed workers by issuing financial and technical guarantees. Formed on 1 December 2017 through the merger of Avalunión and Suraval, it operates as the sole regional SGR covering all eight Andalusian provinces through a network of 10 offices staffed by ~90 professionals. As of 31 December 2025 it served 27,218 member SMEs and freelancers, held a live guarantee portfolio of €1,025M across 14,480 operations, and reported a 14.85% solvency ratio, with cumulative linked investment of €2,151M since constitution. The entity is supervised by the Banco de España (Registro BdE nº 9851), is a member of CESGAR, and benefits from counter-guarantee coverage through CERSA.

The core product set spans three lines: Avales Financieros (investment and working-capital guarantees that unlock bank lending), Avales Técnicos (guarantees for public-procurement tendering and contract performance), and specialized lines such as Garántia Emprendedoras for women-led projects, ICO-SGR Crecimiento Empresarial products, Aquisgran (Granada-province program), and Exportación. The underlying technology stack is modest and traditional: an online guarantee-application portal (sgrgarantia-online.es) supported by an automated risk-evaluation system that aggregates external credit-bureau data (CIR, ASNEF, BADEXCUG) with partner-bank records. There is no evidence of proprietary machine-learning models, AI-driven underwriting, or productized APIs.

Commercially, Garántia runs a hybrid go-to-market combining direct provincial offices, formal collaboration agreements (convenios) with 15+ partner financial institutions (CaixaBank, BBVA, Bankinter, Unicaja, Kutxabank, Cajamar, Cajasur, Santander, etc.), referral channels via Andalusian employer federations (CEA, CECO, FAME, FOE, CEJ), and partnerships with public bodies including the Junta de Andalucía (40% capital owner), provincial diputaciones, and municipal entities such as Promálaga. As a non-profit, revenue is generated through transaction fees on guarantee issuance and treasury income on the guarantee portfolio, with surpluses reinvested in reserves rather than distributed. Ownership is split 60% protective partners (financial institutions plus Junta de Andalucía) and 40% participating member SMEs/self-employed.

Name

Garantia

Legal name

SOCIEDAD DE AVALES Y GARANTIAS DE ANDALUCIA, SGR

Website

https://sgrgarantia.es

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Garántia SGR is a non-profit mutual guarantee society for Andalusia, Spain, that issues financial and technical guarantees to improve Andalusian SMEs' and self-employed workers' access to bank credit. It serves 27,218 members across 8 provinces under Banco de España supervision, backed by CERSA reinsurance and a network of 15+ partner banks.

Ownership category

akta.pro rank

Product category

Mutual Guarantee / SME Credit Guarantee Services

NAICS

Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Loan Brokers (6163)

akta.pro primary industry

Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

Keywords

• SME credit guarantees
• Mutual guarantee society
• Business financing solutions
• Public procurement guarantees
• Loan guarantee services

Headquarters

HQ city

Sevilla

HQ country

Spain

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Aval/Guarantee Fees: Garántia generates revenue through fees charged to SMEs and self-employed individuals for the issuance of financial and technical guarantees. As a non-profit entity, surplus revenues are reinvested into operations and reserves. The company is supervised by the Banco de España under its regulatory framework.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Garántia SGR is a non-profit mutual guarantee society that issues financial and technical guarantees (avales) so that Andalusian SMEs and self-employed workers can obtain bank credit, leasing, working-capital facilities and ICO-backed loans on better terms, complemented by direct investment, working-capital, leasing, revolving credit, subsidy-advance, export and women-entrepreneur financing products. It is supervised by the Banco de España, reinsured by CERSA, and operates through 10 provincial offices, 15+ partner banks and an online application platform.

Product overview

Garántia SGR is a mutual guarantee society (Sociedad de Garantía Recíproca) for Andalusia that facilitates access to credit for SMEs and freelancers through financial and technical guarantees. The company operates a unified platform of guarantee products combined with specific loan and credit products. Core offerings include Avales Financieros (investment and working capital guarantees), Avales Técnicos (technical/procurement guarantees), and specialized lines like Garántia Emprendedoras for women-led businesses. These are complemented by direct loan products including Préstamo Inversión, Préstamo Circulante, Leasing, Póliza de Crédito, ICO-SGR Growth products, Aquisgran, Liquidez Anticipo Subvenciones, and Exportación. The company acts as an intermediary between businesses and financial institutions, improving negotiating power and reducing financing costs for clients.

Differentiator

Problem solved

Functional benefit

Brands

• Garántia Emprendedoras: A financing product with special conditions targeting women-led business projects and entrepreneurs in Andalusia, including investment loans and ICO-SGR products.
• Aquisgran
• ICO-SGR Crecimiento Empresarial

Products and services

• Avales Financieros para Inversión Financial guarantees issued to credit institutions to help Andalusian SMEs and self-employed members obtain financing for productive investments under favorable conditions (interest rate, term, up to 75% of guarantee value as financed amount).
• Avales para Circulante Guarantees to facilitate working-capital liquidity for SMEs and self-employed through 3-5 year loans or 1-3 year revolving credit lines, including advances on Junta de Andalucía subsidies.
• Avales Técnicos Guarantees for obligations before Public Administrations and Public Bodies arising from public-procurement bidding and compliance with works, services and supplies contracts; also covers third-party obligations, deposits and contract fulfillment.
• Garántia Emprendedoras Specialized financing line for women entrepreneurs and projects led by women (self-employed or companies where women hold more than 50% of social capital), offering investment loans and ICO-SGR products with reduced tax treatment on Actos Jurídicos Documentados.
• Préstamo Inversión Investment loan for fixed assets, with amounts from €15,000 to €600,000, terms from 12 to 180 months and grace period up to 24 months.
• Préstamo Circulante Working-capital loan with terms from 12 to 84 months and grace period up to 12 months.
• Leasing Leasing for furniture/equipment with amounts from €15,000 to €600,000 and terms from 12 to 84 months.
• Póliza de Crédito Revolving credit line for working-capital financing with amounts from €15,000 to €400,000 and terms from 12 to 36 months.
• INVERSIÓN ICO-SGR CRECIMIENTO EMPRESARIAL ICO-SGR business-growth investment loan with amounts from €50,000 to €1,000,000 and terms from 72 to 120 months; targets women-led projects under the Garántia Emprendedoras program.
• CIRCULANTE ICO-SGR CRECIMIENTO EMPRESARIAL ICO-SGR business-growth working-capital loan with amounts from €50 to €500,000 and a 60-month term; targets women-led projects under the Garántia Emprendedoras program.
• Aquisgran Combined investment and working-capital financing for Granada SMEs and self-employed with amounts from €15,000 to €350,000 and terms from 36 to 120 months.
• Liquidez Anticipo Subvenciones Junta de Andalucía Guarantees for loans or credit lines that provide liquidity in advance of actual payment of Junta de Andalucía subsidies, with amounts from €10,000 to €250,000 and grace periods from 12 to 36 months; targeted at self-employed.
• Exportación Export financing for advance payments on sales made abroad, with amounts of €30,000 and 12-month terms; targeted at self-employed exporters.

Quantifiable outcome

• Up to 75% of guarantee value as financed amount
• +6 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• CERSA (Compañía Española de Reafianzamiento)coreTechnology or IntegrationCERSA provides reinsurance (reafianzamiento) coverage for Garántia's guarantee operations under the framework of the Spanish SGR system. This partnership is essential to Garántia's capital efficiency and risk-sharing model, allowing it to issue guarantees beyond its direct capital capacity.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Bpifrance: French public investment bank that guarantees and direct-finances SMEs, structurally analogous to combining Spanish ICO and the SGR system. Operates in a different national market but pursues the same mission: improving SME access to credit via public-private mechanisms.

Broad incumbents

• CERSA (Compañía Española de Reafianzamiento): Public re-guarantor providing counter-guarantee coverage to all Spanish SGRs, including Garantía. Not a competitor but a critical risk-sharing counterparty enabling Garantía to issue guarantees beyond its direct capital capacity. Defines the system's risk economics.
• ICO (Instituto de Crédito Oficial): Spanish state-owned financial institution acting as national development bank. Co-funds the ICO-SGR Crecimiento Empresarial product line with Garantía and operates complementary SME financing channels. Adjacent infrastructure provider rather than direct competitor.
• CESGAR: National confederation of Spanish SGRs, of which Garantía is a member. Industry-wide umbrella body that sets standards, represents SGRs in regulatory discussions, and provides the unified framework Garantía operates within. Indirect competitive context rather than direct competitor.

Direct peers

• Avalmadrid: Madrid region's SGR providing mutual guarantees to SMEs and autónomos. Directly comparable in terms of regulatory regime, governance structure (Junta de Madrid involvement), and bank-partner network.
• SOGARCA: Aragón regional SGR providing guarantees to SMEs and freelancers in its home region. Operates the same SGR model with public-sector shareholding and bank distribution agreements, comparable to Garantía's Andalusia footprint.
• Iberaval: Castilla y León regional SGR offering financial and technical guarantees to SMEs and self-employed workers, structured under identical Spanish SGR regulation. Comparable product suite (avales financieros, técnicos, ICO-backed lines) and bank-channel intermediation model.
• Elkargi SGR: Basque Country mutual guarantee society providing SME guarantees via partnerships with regional banks under the same Spanish SGR framework and Banco de España supervision. Direct functional peer with similar member-based mutual model and diversified guarantee product set.
• ISBA SGR: Balearic Islands mutual guarantee society serving SMEs in a defined regional territory under the same national SGR framework. Smaller-scale but operationally equivalent in product offering and bank intermediation channels.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SGR_Garantia

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Garantia