Financing of new investments and new liquidity needs

We want to help you get back to normal so that you can continue to be the driving force behind our economy. For this reason, we offer you the financing you need with the ICO guaranteee facilities so that you can propel your business and cover your financing needs for new investment projects.

It doesn't matter what size your company is or what your business is. As we know that each company has different needs based on its size, we offer solutions adapted to your needs within the credit line announced by the ICO for a total amount of 40,000 million euros:

SELF-EMPLOYED AND MICRO-ENTERPRISES.

  • For the self-employed, micro-businesses (up to 9 employees) registered in Spain, affected economically by COVID 19 in any sector of activity, except companies operating in the financial and insurance sectors (this does not affect brokers and intermediaries).
  • For financing:
  • New investments:
    Acquisition and renewal of equipment.
    Adapting production processes.
    Adapting installations.

  • Liquidity requirements:
    Payment of salaries, rent or other fixed costs.
    Payment to suppliers.
    Payment of ordinary financing maturities and tax obligations.

  • Up to 1.5 million euros.
  • Up to a 7 year term for new investments with a 12 or 24 months capital with the possibility of a grace period (included).
  • Up to a 6 year term for new liquidity needs with a 12 or 24 months capital  with the possibility of a grace period (included) on loan and 3 years on credit.
  • 80% guarantee.

Download the details of finance for self-employed, micro-enterprises here.

SMEs

  • For businesses registered in Spain, affected economically by COVID 19 in any sector of activity, except companies operating in the financial and insurance sectors (this does not affect brokers and intermediaries) with up to 249 employees and sales of less than EUR 50 million or total assets of less than EUR 43 million.
  • For financing:
  • New investments:
    Acquisition and renewal of equipment.
    Adapting production processes.
    Adapting installations.

  • Liquidity requirements:
    Payment of salaries, rent or other fixed costs.
    Payment to suppliers.
    Payment of ordinary financing maturities and tax obligations.

  • Up to 25% of Annual Income or 24 months of Staff Costs.
  • Up to a 7 year term for new investments with a 12 or 24 months capital with the possibility of a grace period (included).
  • Up to a 6 year term for new liquidity needs with a 12 or 24 months capital with the possibility of a grace period (included) on loan and 3 years on credit.
  • 80% guarantee.

Download the details of financing for SMEs here.

LARGE COMPANIES

  • For businesses registered in Spain, affected economically by COVID 19 in any sector of activity, except companies operating in the financial and insurance sectors (this does not affect brokers and intermediaries) with more than 250 employees and sales of more than EUR 50 million or total assets of more than EUR 43 million.
  • For financing:
  • New investments:
    Acquisition and renewal of equipment.
    Adapting production processes.
    Adapting installations.

  • Liquidity requirements:
    Payment of salaries, rent or other fixed costs.
    Payment to suppliers.
    Payment of ordinary credit maturities and tax obligations.

  • Up to 25% of Annual Income or 24 months of Staff Costs.
  • Up to a 7 year term for new investments with a 12 or 24 months capital with the possibility of a grace period (included).
  • Up to a 6 year term for new liquidity needs with a 12 or 24 months capital with the possibility of a grace period (included) on loan and 3 years on credit.
  • 70% guarantee.

Download the details of the financing for large companies here.

We want to help you so that we can continue to be by your side.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

ICO Investment Guarantee Facility (COVID-19)

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