P2 Scheme · SMEs & young entrepreneurs · State Guaranteed
Finance your project with INTELAKA
Up to 1.2 M MAD, without personal guarantee, at a subsidised rate. We will prepare a bankable file and support you until the release of funds.
1.2 M
Maximum MAD
0 DH
Personal guarantee
2%
Subsidised rate (urban)
1,75%
Rate (rural)
95%
Accepted files
38 000
Financed companies
48 h
Pre-diagnostic
The programme
What is INTELAKA?
INTELAKA is the integrated support and financing programme for businesses, aimed at self-employed individuals, micro-enterprises, recent graduates, and project holders — particularly in rural areas.
Managed by Tamwilcom and partner banks, it combines a state-guaranteed loan, a significantly subsidised interest rate, and support. The crucial element remains the bankable business plan — this is precisely where TargetUp makes a difference.
The 3 INTELAKA products
URBAN
Damane Intelak
Up to 1.2 M MAD, interest rate 2%, for micro-enterprises and project holders in urban areas.
RURAL
Intelak Al Moustatmir Al Qaraoui
Interest rate 1.75%, enhanced conditions for rural projects.
START
Start-SME
Interest-free advance to kick-start the project.
Our support in 4 steps
1
Eligibility
Project analysis against INTELAKA criteria.
2
Business plan
Bankable file, financial forecast.
3
Submission & follow-up
Bank liaison & Tamwilcom.
4
Release of funds
Assistance until the transfer.
Frequently asked questions
Is INTELAKA still active in 2026?+
Yes, the scheme remains fully operational and has been strengthened under the new TPE Charter. It has already financed tens of thousands of businesses.
Do I need to provide a personal guarantee?+
No. One of the main advantages of INTELAKA is the state guarantee via Tamwilcom, which exempts the applicant from providing a personal guarantee.
Why go through TargetUp?+
The majority of refusals stem from an insufficiently robust business plan. We build a bankable and defendable file, which explains our acceptance rate of 95%.
Who is eligible for the INTELAKA scheme?+
INTELAKA is aimed at self-employed individuals, very small enterprises (TPE), recent graduates, and project holders, with particular attention to the rural sector. The scheme primarily targets creation projects and early-stage initiatives led by small Moroccan businesses. Eligibility is assessed based on the nature of the project and its economic viability. Our team verifies these criteria during a pre-diagnostic, conducted within 48 hours, prior to any submission.
What is the difference between the three INTELAKA products?+
INTELAKA is available in three complementary products. Damane Intelak (urban) finances TPE and project holders in urban areas up to 1.2 M MAD at a subsidised rate of 2%. Intelak Al Moustatmir Al Qaraoui targets rural projects, with a more advantageous rate of 1.75% and enhanced conditions. Start-TPE provides an interest-free advance to kickstart the project. The chosen product depends on the location and stage of your business.
How does the state guarantee via Tamwilcom work?+
For INTELAKA financing, the state acts as guarantor through Tamwilcom (formerly the Central Guarantee Fund) to the lending bank. This guarantee covers a large part of the credit risk, which exempts the applicant from providing a personal guarantee. In practical terms, it reassures the bank and makes projects that would otherwise be deemed too risky eligible for financing. However, it does not replace a solid business plan, which remains a condition for approval.
What documents make up an INTELAKA financing file?+
An INTELAKA file primarily relies on a bankable business plan: project presentation, market study, financing plan, and detailed financial forecasts. It also includes identity documents and proofs from the applicant, the legal status (or project of creation), and pro forma quotes or invoices for the planned investments. The partner bank and Tamwilcom examine the coherence of the entire file. We compile and structure this file to ensure it is complete and defensible from the first submission.
How long does it take to process an INTELAKA file?+
At TargetUp, the eligibility pre-diagnostic is completed within 48 hours. The preparation of the bankable business plan then takes from a few days to a few weeks, depending on the complexity of the project and the responsiveness of the applicant. The banking instruction and validation of the Tamwilcom guarantee are subject to the timelines of the partner bank. We ensure liaison with the bank and Tamwilcom, step by step, until the release of funds to minimise back-and-forth.
What is the difference between INTELAKA and FORSA?+
INTELAKA is a repayable bank loan, guaranteed by the State through Tamwilcom and distributed by partner banks at a significantly subsidised rate. FORSA follows a different logic of support for entrepreneurship, more focused on advances and support provided by the State. Both schemes aim at business creation, but they do not adhere to the same granting rules or amounts. During the diagnosis, we will guide you towards the scheme most suited to your profile and, if applicable, towards a combination of the two.
Can INTELAKA be combined with other aids?+
Yes, in many cases INTELAKA can be combined with other schemes, each retaining its own rules. Depending on your project, it can be combined with training aids (CSF, GIAC), investment charter grants or other support channels. The combination depends on the nature of the aids and the absence of double funding for the same expense. Our role is to assemble a coherent financing plan that mobilises the maximum number of levers, without conflicting rules.
What leads to the acceptance or rejection of an INTELAKA application?+
The vast majority of refusals are due to an insufficiently robust business plan: unrealistic forecasts, poorly studied market or fragile economic model. Conversely, an accepted application demonstrates the viability of the project, a credible repayment capacity, and coherence between the investment and the targeted market. The State's guarantee removes the barrier of personal guarantee, but never replaces the quality of the application. It is precisely this structuring work that explains our acceptance rate of 95%.
Tailored support
A project to finance?
Business creation financing is part of a comprehensive support approach. Our experts assess your project as part of a strategic diagnosis.
Request a diagnosticStructuring your business creation project
Our experts guide you towards financing options that align with your strategy.
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