Avalia

What Avalia does

Avalia Aragón SGR (Sociedad de Garantía Recíproca) is a mutualist financial entity founded in 1981 and headquartered in Zaragoza, Spain, with additional regional offices in Huesca and Teruel. The company operates exclusively within the Aragón region as a non-profit mutual guarantee society registered with the Bank of Spain (No. 9840), the Ministry of Economy's Special Registry (No. 40), and the Mercantile Registry of Zaragoza. Its core function is the issuance of financial guarantees (avales) that enable small and medium enterprises, freelancers, and entrepreneurs to access bank financing on preferential terms, addressing collateral shortfalls and limited credit history that would otherwise impede lending decisions by partner banks.

Avalia's product portfolio centers on five core guarantee lines: Avales para Pymes (SME guarantees), Avales para Autónomos (self-employed guarantees), Avales para Emprendedores (entrepreneur guarantees), Avales Aquisgran (SGR-created alternative credit channel), and Avales Técnicos (technical/performance bonds), supplemented by a specialized sustainability financing line. The technology layer is a relatively simple online application platform (avaliasgr-online.com) that digitizes the guarantee request intake and documentation process, complemented by a field-based commercial team of seven delegates across the three regional offices. Distribution is conducted primarily through formal collaboration agreements with financial institutions — notably Bankinter (renewed January 2026) and Caja Rural de Teruel (renewed March 2026) — alongside direct advisory services and an online portal.

The revenue model is a transaction-fee structure on guarantee issuance and management, with fees calibrated to cover operational costs rather than generate distributed profit, consistent with the mutualist charter. As of fiscal year 2025, Avalia reports net equity of €27.88 million, subscribed and paid-up share capital of €14.61 million, and 5,917 participating and protector members. During 2025 the company formalized €65.2 million in new guarantees, bringing total live risk exposure to €226.8 million, a 9.9% year-over-year increase. Capital and capacity are reinforced through re-guarantee relationships with CERSA (Compañía Española de Reafianzamiento) and the European Investment Fund, plus regulatory backing from the Gobierno de Aragón and the Spanish Ministry of Economy.

Name

Avalia

Legal name

Avalia Aragón, Sociedad de Garantía Recíproca

Website

https://avaliasgr.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Avalia Aragón SGR is a mutual guarantee society founded in 1981 that issues financial guarantees to SMEs, freelancers, and entrepreneurs in Aragón, Spain, enabling preferential bank financing through partner institutions including Bankinter and Caja Rural de Teruel.

Ownership category

akta.pro rank

Product category

Mutual Guarantee Services

SIC

Surety Insurance (6351)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Mutual guarantee services
• SME financing guarantees
• Surety bond issuance
• Collateral support services
• Regional credit guarantees

Headquarters

HQ city

Zaragoza

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Guarantee Fees: Avalia generates revenue through fees charged for guarantee issuance and management. As a non-profit financial entity, fees are structured to cover operational costs while providing preferential financing conditions to member SMEs and freelancers.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Avalia Aragón SGR is a mutual guarantee society that issues financial guarantees (avales) to help small and medium-sized enterprises, self-employed professionals, and entrepreneurs in Aragón access bank financing and execute business contracts. Guarantees are distributed through formal collaboration agreements with partner banks such as Bankinter and Caja Rural de Teruel, as well as through a direct online application portal and regional commercial offices in Zaragoza, Huesca, and Teruel.

Product overview

Avalia Aragón SGR operates as a mutual guarantee society (Sociedad de Garantía Recíproca) offering a portfolio of guarantee products to facilitate financing for Aragonese SMEs, self-employed workers, and entrepreneurs. The product suite centers on financial avales (guarantees) as the core offering, with specialized variants including Avales Aquisgran (alternative financing to banks created by SGRs), Avales Técnicos (technical/performance guarantees), and a Línea especial Sostenibilidad (sustainability financing line). All products share the common purpose of providing backing that enables clients to access credit and execute business contracts, differentiated by target segment and use case.

Differentiator

Problem solved

Functional benefit

Brands

• Avalia Aquisgran: Alternative to bank financing for SMEs and freelancers created by mutual guarantee societies (SGRs).
• Avalia Technical Guarantees

Products and services

• Avales para Pymes Financial guarantees (avales) designed to help small and medium-sized enterprises in Aragón access bank financing under favorable conditions for investment and working capital needs.
• Avales para Autónomos Guarantees offering preferential financing conditions for self-employed workers and individual entrepreneurs in Aragón, provided through agreements with credit institutions.
• Avales para Emprendedores Guarantee products supporting entrepreneurs in starting their business activities and acquiring necessary infrastructure for project launch.
• Avales Aquisgran Alternative financing solution to traditional bank credit, created by mutual guarantee societies (SGRs), to provide Aragón SMEs and self-employed workers with access to credit on improved terms.
• Avales Técnicos Technical guarantees that facilitate normal business operations by enabling contracting between SMEs and autonomous workers and third parties, covering performance bonds and similar technical requirements.
• Línea especial Sostenibilidad Special sustainability line supporting enterprises in improving productivity and technological innovation through sustainable financing solutions, offered as part of Avalia's guarantee portfolio.

Quantifiable outcome

• 9.9% year-over-year growth in risk exposure
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered key, supporting and core.

• Caja Rural de TeruelkeyChannel Partner/ Reseller/ Distributor · 18 March 2026Avalia Aragón SGR renewed its collaboration agreement with Caja Rural de Teruel to continue supporting the development of self-employed professionals and SMEs in the province of Teruel, providing better structured financing from the outset with planning support.
• ARAME (Asociación de Mujeres Empresarias)supportingGTM or Marketing Partner · 23 February 2026Avalia participated in the 'Financiación para Crecer' (Financing to Grow) event organized by ARAME (Association of Women Business Owners), together with SODIAR and Caixabank, focusing on alternative financing instruments and opportunities for women-led companies.
• BankinterkeyChannel Partner/ Reseller/ Distributor · 27 January 2026Avalia and Bankinter signed a new financing agreement that replaces, extends, and updates the previous agreement, aiming to offer better financing conditions to SMEs and freelancers in Aragón through this banking entity.
• Confederación de Sociedades de Garantía Recíproca (CESGAR)coreOthersAvalia SGR is a member of CESGAR, the confederation that groups all SGRs (mutual guarantee societies) in Spain, providing industry representation and network benefits.

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• ENISA: ENISA is a Spanish public SME financing entity focused on entrepreneurial and growth-stage SMEs. Comparable to Avalia in serving the SME/entrepreneur segment with public-backed financing instruments, particularly the entrepreneur cohort Avalia targets via 'Avales para Emprendedores'.
• COFIDES: COFIDES is a Spanish state-owned development finance company providing financing and guarantees to SMEs and mid-caps. Comparable to Avalia in providing credit facilitation to underserved SMEs, though at a national level with different instruments.
• CERSA (Compañía Española de Reafianzamiento): CERSA is the Spanish state-owned re-guarantee company providing reinsurance support to all Spanish SGRs including Avalia. It is a key institutional counterparty for Avalia's risk-sharing and a natural reference point for evaluating SGR economics.
• ICO (Instituto de Crédito Oficial): ICO is Spain's state-owned financial institution providing credit lines and guarantees to SMEs. While not an SGR, ICO operates in adjacent SME financing space with government backing and is a structural alternative to Avalia for SME borrowers.

Direct peers

• Elkargi SGR: Elkargi is a leading Basque Country SGR and one of the largest in Spain by portfolio, offering guarantees and complementary financial services to SMEs. Highly comparable to Avalia in business model, though at significantly larger scale.
• Iberaval: Iberaval is a major Spanish mutual guarantee society (SGR) operating across Castilla y León and other regions. It is directly comparable to Avalia as both are SGRs providing guarantees to SMEs and freelancers under the same regulatory framework, with similar CERSA re-guarantee access.
• Oinarri SGR: Oinarri is the SGR of the Basque Country, providing financial guarantees to SMEs and entrepreneurs. It shares Avalia's mutual guarantee society business model and regulatory structure, serving a different Spanish region.
• ISBA SGR: ISBA is the mutual guarantee society of the Balearic Islands, providing credit guarantees to regional SMEs and self-employed workers. Structurally identical to Avalia as a regional SGR with similar member-driven mutualist model.
• SGR-CLM (Aval Castilla-La Mancha): SGR-CLM (now Aval CLM) is the mutual guarantee society of Castilla-La Mancha, offering financial guarantees to SMEs and entrepreneurs. It mirrors Avalia's regional SGR structure under Spain's national SGR regulatory framework (CESGAR).

Regional players

• Garantizar SGR: Garantizar is an Argentine SGR operating in a different geography but with a near-identical mutual guarantee society business model for SMEs—relevant as a comparable cross-border benchmark for Avalia's structure and unit economics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/avaliasgr
• Facebookfacebook.com/avaliaaragonsgr

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Avalia