For companies and entrepreneurs
The Official Credit Institute (ICO by its Spanish acronym) offers loans to finance the liquidity and acquisition of fixed assets of the company. The funding it offers is up to a maximum of 10 million euros.
The ICO is a public enterprise entity that acts as a public bank, attached to the Ministry of Economy and Competitiveness through the Secretary of State for Economy and Business Support. It is an autonomous entity with its own heritage and treasure aimed at promoting economic activities that contribute to the growth, development of the country, and the improvement of the distribution of national wealth.
Budget:
Maximum 10M
Beneficiaries:
Companies and freelancers of the Spanish state
Amortization:
Up to 20 years of amortization and 2 years of loan for investment or up to 4 years and 1 of deficiencies if it is financing for cash.
Modality:
Participatory loan
Conditions:
Guarantees and commissions determined according to the bank making the loan.