ICO LINE 2013
Make the most of the ICO's (Instituto de Crádito Oficial, state body that helps finance companies) financing lines for companies, which the Government offers to stimulate the economy and employment. Please let us advise you about the ICO line that is best suited to your business activity and bonuses that you can access.
What you need to consolidate your presence abroad
Want to finance your investments abroad under advantageous conditions?
- Purpose:
- Finance investments abroad.
- Target:
- Spanish freelancers, companies and public and private organisations (companies, foundations, NGOs, governments, etc.), whether domiciled in Spain or abroad provided that the majority of their capital is Spanish-owned.
- Investments eligible for financing:
- Liquidity: working capital needs such as current expenses, payroll, payments to suppliers, purchase of goods, etc.
- Productive investments outside Spain:
- New and second-hand productive fixed assets.
- Buying private cars costing less than €30,000 (plus VAT if purchased in Spain). Industrial vehicles will be funded at 100%.
- Acquisition of shares in enterprises domiciled abroad.
- Value Added Tax (VAT) or the Canary Island General Indirect Tax (IGIC), in the case of assets acquired in Spain.
- Setting up enterprises abroad.
- Financing working capital up to a maximum of 50% of the financing obtained under this investment type.
- Maximum amount:
- Up to 100% of the investment project (including VAT), with a maximum of €10 million per client and year.
- Repayment term:
- 100% liquidity: 1, 2 or 3 years with option of a 1-year grace period for principal.
- Investment:
- 1, 2, 3, 5 or 7 years with option of a 1-year grace period for principal.
- 10, 12, 15 or 20 years with option of a 2-year grace period for principal.
The boost for the creation of your investment projects that also meets your liquidity needs
Want to finance your business under advantageous conditions?
- Purpose:
- For freelancers and companies undertaking productive investments in Spain or that have to meet their liquidity needs.
- Investments eligible for financing:
- Liquidity: working capital needs such as current expenses, payroll, payments to suppliers, purchase of goods, etc.
- Productive investments in Spain:
- New and second-hand productive fixed assets.
- Buying private cars costing less than €30,000 plus VAT. Industrial vehicles will be funded at 100%.
- Acquisition of enterprises.
- Value Added Tax (VAT) or the Canary Island General Indirect Tax (IGIC).
- Working capital expenditure up to a limit of 50% of total financing.
- Maximum amount:
- Up to 100% of the investment project (VAT included), with a maximum of &uuro;10 million per client and year.
- Repayment term:
- 100% liquidity: 1, 2 or 3 years with option of a 1-year grace period for principal.
- Investment:
- 1, 2, 3, 5 or 7 years with option of a 1-year grace period for principal.
- 10, 12, 15 or 20 years with option of a 2-year grace period for principal.
- Types:
- Liquidity: loan
- Investment: loan or leasing
The support you need for your business
Want a mutual guarantee company (MGC) to underwrite your project?
- Purpose:
- Finance investments by freelancers and companies backed by a mutual guarantee company.
- Target:
- Freelancers, professionals and SMEs up to €50 million in turnover.
- Investments eligible for financing:
- Liquidity: working capital needs such as current expenses, payroll, payments to suppliers, purchase of goods, etc.
- Productive investments in and outside Spain:
- New and second-hand productive fixed assets.
- Buying private cars costing less than €30,000 (plus VAT if purchased in Spain). Industrial vehicles will be funded at 100%.
- Acquisition of shares in enterprises domiciled abroad.
- Value Added Tax (VAT) or the Canary Island General Indirect Tax (IGIC), in the case of assets acquired in Spain.
- Setting up enterprises abroad.
- Financing working capital up to a maximum of 50% of the financing obtained under this investment type.
- Maximum amount:
- When the financeable item is investment, the MGC guarantee will be 100% and up to 100% of the investment project (VAT included) can be financed with a maximum of €1 million per client and year.
- When the financeable item is liquidity, the maximum amount will depend on the percentage underwritten by the MGC:
- Transactions 100% underwritten by the MGC: up to €1 million per client and year.
- Transactions 50% underwritten by the MGC: up to €60,000 per client and year.
- Repayment term:
- 100% liquidity: 1, 2 or 3 years with option of a 1-year grace period for principal.
- Investment:
- 1, 2, 3, 5, 7 or 10 years with option of a 1-year grace period for principal.
- 12 or 15 years with option of a 2-year grace period for principal.
The support you need for your export business
Want to have your export bills paid in advance?
- Purpose:
- Financing for freelancers and companies who need to obtain liquidity through payment in advance of bills from their export business.
- Target audience:
- Freelancers, professionals and companies that issue bills for the firm sale of goods and services supplied to a debtor outside Spain.
- Investments eligible for financing:
- Payment in advance is available for bills from the customer’s export business.
- Maximum amount:
- Up to 100% of the amount of bills can be financed without limitation by debtor country, provided that the maximum amount of €5 million per customer is not exceeded in one or more drawdowns.
