SAECA

What SAECA does

SAECA (Sociedad Anónima Estatal de Caución Agraria) is a Spanish state-owned guarantee company founded in December 1988 and headquartered in Madrid. Its shareholders are Sociedad Estatal de Participaciones Industriales (SEPI, 80%) and Fondo Español de Garantía Agraria (FEGA, 20%), with the Ministry of Agriculture, Fisheries and Food (MAPA) acting as supervisory ministry. SAECA's mandate is to provide guarantees (avales) and bonds (fianzas) that facilitate access to bank credit for Spain's primary sector — agriculture, livestock, forestry, fisheries, and the agri-food industry — where collateral scarcity and sector-specific risk perceptions would otherwise exclude operators from conventional lending.

The company's product suite comprises specialized guarantee lines rather than a single unified offering. Core products include the subsidized ICO-MAPA-SAECA line (which has mobilized more than €500 million in credit), the Línea SAECA con Reafianzamiento MAPA, the IFGC 2023-2027 centralized portfolio guarantee instrument for which MAPA selected SAECA as executing intermediary, dedicated PESCA-INVERSIÓN and PESCA-CIRCULANTE lines for the fishing sector with mobilization capacity up to €150 million, the Aval-SAECA Agroseguro product for agricultural-insurance premium deferrals, guarantee products for Irrigation Communities via SEIASA with maximum coverage of €13 million per operation, and an Inversión y Circulante (I&C) line with an average ticket of €76,000. The underlying technology is the SAECA Online electronic processing platform (app.saeca.es), launched in 2015, which enables partner financial institutions and AGROSEGURO mediators to submit, track, and manage guarantee applications digitally. Supporting compliance includes RGPD/GDPR alignment and an ISO 27001-aligned Information Security Management System (SGSI).

SAECA operates a two-sided distribution model: more than 30 partner financial institutions — including Santander, BBVA, Ibercaja, Cajamar, Banco Sabadell, Unicaja, Bankinter, Cajasur, Triodos Bank, Eurocaja Rural, and the Banco Cooperativo Español — originate and service loans, while SAECA provides guarantee coverage and partial cost subsidy funded through MAPA programs. Revenue is generated via commissions (0.50% study fee and 1.25% annual management fee on outstanding balances for financial-entity guarantees; 0.50%-1.00% quarterly on outstanding balances for SARGA guarantees). The 2025 guarantee portfolio reached €314 million (up from €252.4 million in 2023), representing roughly 5.7% of total primary-sector debt in Spain and reaching 2.4% of total farming operations, with young farmers absorbing 46.83% of total I&C line investment.

Name

SAECA

Legal name

SOCIEDAD ANONIMA ESTATAL DE CAUCION AGRARIA, S.M.E.

Website

https://saeca.es

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

51–100 employees

Short description

SAECA is a Spanish state-owned guarantee company providing credit guarantees and bonds (avales y fianzas) to facilitate bank financing for Spain's primary sector — farmers, ranchers, fishermen, irrigation communities, and agri-food enterprises — distributed through more than 30 partner financial institutions under MAPA supervision.

Ownership category

akta.pro rank

Product category

Agricultural Credit Guarantees

NAICS

Regulation of Agricultural Marketing and Commodities (92614)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro industry

PRIMARYFSAEAEAI

SBA/USDA Government-Backed Loan Intermediation

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Mortgage Brokerage & Loan Intermediation

Keywords

• Agricultural credit guarantees
• Primary sector financing
• Fishing sector guarantees
• Irrigation infrastructure loans
• Agricultural insurance guarantees

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Guarantee and Bond Commissions: SAECA earns commission income from guaranteeing loans and bonds for primary sector operators. Commission rates vary by product: for financial entity guarantees, a 0.50% study commission and 1.25% annual management commission on outstanding balances; for SARGA guarantees, between 0.50% and 1.00% quarterly on outstanding balances.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

SAECA (Sociedad Anónima Estatal de Caución Agraria) is a state-owned Spanish company that provides guarantees (avales) and bonds (fianzas) to facilitate access to financing for Spain's primary sector. It operates through financial institution partners and the Ministry of Agriculture (MAPA) to offer subsidized guarantee lines covering investment, working capital, land purchase, irrigation infrastructure, and agricultural insurance premium deferrals for farmers, ranchers, fishermen, and agri-food enterprises.

Product overview

SAECA (Sociedad Anónima Estatal de Caución Agraria) is a public financial company that provides guarantees (avales) and bonds (fianzas) to facilitate access to financing for Spain's primary sector (agriculture, livestock, forestry, fisheries, and agro-food industry). The company's product portfolio centers on several interconnected guarantee lines: (1) the core ICO-MAPA-SAECA line offering subsidized guarantees for agricultural and fishing operations, (2) the Línea SAECA con Reafianzamiento MAPA providing MAPA-backed re-guarantees, (3) the Instrumento Financiero de Gestión Centralizada (IFGC 2023-2027) as a centralized portfolio guarantee mechanism, (4) specialized PESCA lines for the fishing sector, (5) the Aval-SAECA Agroseguro product for agricultural insurance premium deferrals, (6) guarantee products for irrigation communities through SEIASA, and (7) the Línea de Inversión y Circulante (I&C) for investment and working capital needs. SAECA operates primarily through its SAECA Online electronic portal for processing guarantee requests, complemented by a Real Estate Portal for disposing of adjudicated properties. The company does not offer a single unified product but rather a suite of specialized guarantee lines tailored to different sectors and needs within the primary sector, all accessible through digital and traditional channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Línea ICO-MAPA-SAECA A subsidized guarantee line developed in collaboration with the Instituto de Crédito Oficial (ICO) and the Ministry of Agriculture, Fisheries and Food (MAPA), providing subsidized guarantee costs for agricultural and fishing sector operations.
• Línea SAECA con Reafianzamiento MAPA

Quantifiable outcome

• SAECA guaranteed 314 million euros in operations to the primary sector in 2025.
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

21 partnerships are on record, tiered core and minor.

• SantandercoreChannel Partner/ Reseller/ Distributor · 22 April 2026Santander and SAECA signed a new collaboration agreement (April 2026) to support the agricultural and livestock sector with more advantageous financing conditions. The agreement introduces reduced interest rates and expanded maximum financing limits for farmers and ranchers. Santander allocated over 5,800 million euros in financing to the agri-food sector in 2025.
• MAPA (Ministerio de Agricultura, Pesca y Alimentación)coreStrategic or Co-development PartnerMAPA is SAECA's supervisory ministry and primary strategic partner. SAECA serves as MAPA's strategic financial instrument for channeling credit access programs to the primary sector. Programs include Línea SAECA con Reafianzamiento MAPA, ICO-MAPA-SAECA lines, and IFGC (Instrumento Financiero de Gestión Centralizada) 2023-2027.
• BBVAcoreChannel Partner/ Reseller/ DistributorBBVA and SAECA have a renewed collaboration agreement to facilitate access to credit for the primary sector. BBVA is one of the long-standing financial institution partners of SAECA.
• IbercajacoreChannel Partner/ Reseller/ DistributorIbercaja and SAECA have a collaboration agreement to facilitate access to financing for the primary sector. Ibercaja is a key regional banking partner focused on rural and agricultural markets.
• CajamarcoreChannel Partner/ Reseller/ DistributorCajamar and SAECA signed a convention to facilitate access to financing for the agri-food and fishing sectors. Cajamar is a cooperative bank with strong roots in the Spanish agricultural sector.
• Banco SabadellcoreChannel Partner/ Reseller/ DistributorBanco Sabadell and SAECA have subscribed collaboration agreements to support the primary sector with SAECA-guaranteed financing. Sabadell also participated in financing irrigation community infrastructure projects.
• Unicaja BancocoreChannel Partner/ Reseller/ DistributorUnicaja Banco has renewed its collaboration agreement with SAECA to provide advantageous financing conditions for the agricultural and livestock sector. Unicaja operates extensively in southern Spain's agricultural regions.
• CERSA (Compañía Española de Reafianzamiento)coreStrategic or Co-development PartnerCERSA is the Spanish Re-guarantee Company providing re-guarantee support to SAECA and other SGRs (Sociedades de Garantía Recíproca) under the SME guarantee program. CERSA reinsures a portion of SAECA's guarantee portfolio, reducing SAECA's risk exposure and enabling it to support more primary sector operators.
• AGROSEGUROcoreStrategic or Co-development PartnerSAECA and Agroseguro collaborate through agreements enabling farmers to defer payment of agricultural insurance premiums using SAECA guarantees. This 'aval-agroseguro' line, initiated in 2014, allows farmers to spread insurance premium payments, with SAECA guaranteeing the deferred amounts.
• SEIASA (Sociedad Mercantil Estatal de Infraestructuras Agrarias)coreStrategic or Co-development PartnerSEIASA collaborates with SAECA on irrigation community infrastructure modernization projects. SAECA guarantees loans taken by irrigation communities to finance SEIASA-executed modernization and consolidation of irrigation infrastructure projects across Spain.
• Triodos BankminorChannel Partner/ Reseller/ DistributorTriodos Bank and SAECA signed a convention to facilitate access to financing for the primary sector. Triodos, known for its sustainable finance focus, partners with SAECA to provide credit access to agricultural and environmental projects.
• Eurocaja RuralminorChannel Partner/ Reseller/ DistributorEurocaja Rural collaborates with SAECA to improve access to financing for the primary sector. Eurocaja Rural is a cooperative bank focused on rural areas.
• Banco Cooperativo EspañolminorChannel Partner/ Reseller/ DistributorThe Banco Cooperativo Español and SAECA signed a convention to facilitate access to financing for the agri-food and fishing sectors. This partnership leverages the cooperative banking network to reach agricultural cooperatives.
• BankinterminorChannel Partner/ Reseller/ DistributorBankinter and SAECA signed an agreement to facilitate financing for agri-food, agricultural, livestock, forestry, and fishing enterprises. The agreement covers both investment and working capital needs.
• CajasurminorChannel Partner/ Reseller/ DistributorCajasur and SAECA strengthen their support for the primary sector through collaboration agreements providing SAECA-guaranteed financing to agricultural and livestock operators in Cajasur's regional footprint.
• CEPESCA (Confederación Española de Pesca)minorStrategic or Co-development PartnerSAECA maintains dialogue with CEPESCA (Spanish Confederation of Fishing) to present financing support options for the fishing sector. This institutional relationship helps shape SAECA's fishing sector guarantee products.
• Autonomous Communities (Gobiernos Autonómicos)coreStrategic or Co-development PartnerSAECA collaborates with multiple regional governments including Junta de Andalucía, Generalitat Valenciana, Gobierno de La Rioja, Navarra, Junta de Extremadura, Gobierno de Álava, and others to channel financing programs for agricultural and livestock operations affected by drought and other adversities. Galicia has also joined the IFGC program managed by SAECA.
• AECM (European Association of Guarantee Institutions)minorOthersSAECA's president Pablo Pombo is honorary founder president of AECM, which has 48 member organizations operating in 31 European countries with over 312 billion euros in guarantee portfolios supporting 5.9 million SMEs. SAECA participates in AECM annual meetings and working groups.
• REGAR (Red Iberoamericana de Garantías)minorOthersSAECA is affiliated with REGAR (Ibero-American Guarantee Network), comprising 19 members from 11 countries. SAECA's president Pablo Pombo served as Secretary General of REGAR for 25 years and received the REGAR-Pablo Pombo award named in his honor recognizing contributions to guarantee systems in Ibero-America.
• World BankminorStrategic or Co-development PartnerSAECA's president Pablo Pombo participates in World Bank working groups on climate change adaptation in public credit guarantee schemes for SMEs. The World Bank coordinates international guarantee institutions including AECM, REGAR, and others to develop guidance on green financing for SMEs through guarantee systems.
• CESGAR (Confederación Española de Sociedades de Garantía Recíproca)minorOthersCESGAR is the Spanish Confederation of Mutual Guarantee Companies. SAECA participates in CESGAR initiatives and collaborated on the 2013 ICO guarantee sub-line agreement alongside CERSA, ICO, and CESGAR.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Garántia SGR: Andalusian mutual guarantee society (the former CREDIAVAL SGR once led by SAECA's president) providing loan guarantees to SMEs and agricultural operators, mirroring SAECA's guarantee-facilitation model.
• Afín SGR: National Spanish mutual guarantee society issuing avales to SMEs including rural and agri businesses, competing in the same credit-guarantee category as SAECA.
• Iberaval SGR: Leading Spanish mutual guarantee society (SGR) providing credit guarantees to SMEs and self-employed, including agricultural clients; directly comparable business model of facilitating financing via bank partners.
• Elkargi SGR: Basque-based Spanish SGR offering guarantees to enable business and farm financing; same guarantee-institution model channeling credit through banks.

Others

• CERSA (Compañía Española de Reafianzamiento): State-owned Spanish re-guarantee company that reinsures SAECA and other SGR portfolios; an ecosystem partner rather than competitor, operating in the same guarantee infrastructure.

Regional players

• Avalis de Catalunya SGR: Catalan mutual guarantee society providing SME loan guarantees; comparable model but focused on a specific autonomous-community geography.
• ISMEA: Italian public institute providing guarantees and financing tools specifically to the agricultural sector; closest international analog to SAECA's agri-focused public guarantee mandate, in a different country.
• Avalmadrid SGR: Madrid-region mutual guarantee society facilitating SME financing via guarantees; same instrument type serving a regional footprint.
• SIAGI: French guarantee society supporting small businesses and craft/agricultural enterprises' access to bank credit; comparable guarantee model in France.

Broad incumbents

• Bpifrance: French public investment bank offering, among many activities, loan guarantees to SMEs and agri businesses; a much larger, broader public financing institution overlapping in the guarantee function.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sociedad-anonima-estatal-de-caucion-agraria

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 SAECA