The Spanish government provides ICO loans for the following cases:
Where is it requested? Directly through credit institutions.
Maximum amount per customer: up to 12.5 million euros, in one or more operation.
Type: loan, leasing, renting or line of credit.
Interest rate: fixed or variable, plus the margin established by the credit institution according to the repayment period
Amortization and grace period: From 1 to 20 years, with the possibility of up to 3 years without having to repay principal, depending on the terms.
Commissions: the credit institution may charge a single commission at the start of the operation, in addition to, where appropriate, the early amortization.
Guarantees: to be determined by the credit institution, except endorsement of SGR / SAECA.
To access financing, the company must be incorporated and registered in the corresponding IAE (Tax on Economic Activities). Most of the banks in Spain can provide ICO financing.