ICO lines
In difficult times, our commitment is to make things easier.
Extension of the maturity of Covid-19 and Ukraine financing guarantees
As part of our continuing support for corporates affected by the economic effects caused by Covid 19 and the conflict in Ukraine, we are offering your corporate the option of extending up to 10 years the maturity of transactions backed by the ICO Working Capital, ICO Investment and ICO Ukraine financing guarantees facilities.
ICO Covid-19 Extensions file ICO Ukraine Extensions fileSee ICO flash flood credit facility with the backing of aid and compensation ICO flash flood credit facility with the backing of aid and compensation
Advance, with the ICO guarantee, of compensation and aid to self-employed workers and companies in towns affected by the flash foods.
See information on ICO flash floods credit facility with the backing of aid and compensation
Who is it for?
Self-employed workers and companies with residence, registered office or production establishment in one of the affected locations, who have suffered financial losses due to the flash floods and who are not subject to international financial sanctions, sentences of loss of subsidies and/or public aid, a B- credit rating or bankruptcy.
Type
Loan.
Apply now
If your company is waiting to receive compensation or aid, this credit facility will guarantee the loan granted by the bank as an advance and will allow you to address your most urgent needs.
See ICO flash floods credit facility for the recovery of productive capacity ICO flash floods credit facility for the recovery of productive capacity
Financing to recover or modernise the capital assets your company needs to pursue its activity and ensure liquidity for the operating cycle.
See information on ICO flash floods credit facility for the recovery of productive capacity
Who is it for?
Self-employed workers and companies that operate in the affected towns and have suffered damage, including means of transport linked to business or professional activity.
Type
Loans.
Credit.
Apply now
If your business's production capacity has been affected by the flash floods, this guarantee will be implemented on top of new financing operations aimed at the modernisation of your damaged assets or other investments that allow you to expand, improve or diversify your affected establishment or production process, as well as having the appropriate working capital.
See SGR/SAECA ICO guarantee facility SGR/SAECA ICO guarantee facility
Financing of productive investment inside and outside Spain.
Who is it for?
For companies, the self-employed, public and private entities, foundations and NGOs, both domiciled in Spain or domiciled abroad with at least 30% Spanish company capital. They must also be endorsed by a Reciprocal Guarantee Company (SGR) or the Sociedad Anónima Estatal de Caución Agraria (State Agrarian Surety Company - SAECA).
Type
Leasing
Loan.
Apply now
To meet all your financing, investment, liquidity and cost requirements for running your business, both inside and outside Spain.
See ICO companies and entrepreneurs facility ICO companies and entrepreneurs facility
Financing of productive investment in Spain.
See information on the ICO companies and entrepreneurs facility
Who is it for?
Companies.
Private entities.
Self-employed workers.
NGOs.
Public entities.
Foundations.
Type
Leasing
Loan.
Apply now
If you need liquidity or face costs related to running your business activity.
To meet your financing and investment needs for your business activity.
Remember the activity must be carried out inside Spain.
See ICO commercial credit facility ICO commercial credit facility
Financing in euros of invoices from commercial activity in Spain.
Who is it for?
Companies with registered offices in Spain.
Self-employed workers.
Type
invoice advances.
Apply now
You can request an advance of up to 100% of the value of your invoices for sales of goods or services issued to customers in Spain, due in no more than 180 days.
See ICO international facility ICO international facility
Financing of productive investment outside Spain.
Who is it for?
For companies, the self-employed, public and private entities, foundations and NGOs, both domiciled in Spain or domiciled abroad with at least 30% Spanish company capital, that want to invest abroad.
Type
Loan.
Apply now
To meet needs for finance, liquidity, investment and expenses related to your business activity, provided that it is in Spain.
See ICO exporters facility ICO exporters facility
Pre-financing and financing in euros for export invoices.
Who is it for?
Companies with registered offices in Spain.
Self-employed workers with registered offices in Spain.
Type
Advance payment of invoices.
Apply now
If your company needs liquidity to cover the costs of preparing or producing goods or services for export, i.e. before delivery. You can request up to 100% of the value of your sale.
If your company needs liquidity. You can apply for an advance of up to 100% of the value of invoices for sales of goods and services issued to customers with registered offices abroad, due in no more than 180 days.
See ICO MRR Line for Companies and Entrepreneurs ICO MRR Line for Companies and Entrepreneurs
Financing from the European Funds to support investment projects by sole traders and private companies:
- Digitalisation and modernisation of processes and equipment.
- Innovation and development of new products and services.
- Working capital up to 50% of the capital of investment projects.
See information on ICO MRR Line for Companies and Entrepreneurs
Who is it for?
- Sole traders and companies with a Spanish interest, in any sector and any size.
- Companies that meet the established requirements.
Type
Loans.
Leases.
Apply now
If you're looking for financing to boost your projects and improve your competitiveness in the market.
See Green ICO MRR line Green ICO MRR line
Financing from the European Funds to support investment projects that contribute to the green transition and environmental sustainability; sustainable transport projects, energy efficiency, renewable energies, industrial decarbonisation, water management, circular economy and adaptation to climate change.
Who is it for?
Self-employed workers and businesses of any size.
Type
Loan.
Lease.
Apply now
If you're looking for financing for your projects with a positive impact on the environment.
See Terms and conditions of ICO lines Terms and conditions of ICO lines
The terms and conditions of the ICO facilities are personalised and we negotiate them individually with each customer.
ICO flash flood credit facility with the backing of aid and compensation
- Maximum amount: The sum of the compensation requested from the Insurance Compensation Consortium, which may not exceed the principal insured by the insurance policy and the expected amount of the aid requested.
- Settlement: fixed or variable interest.
- Maximum term: 5 years with a grace period until the aid is received.
- Fees: no voluntary early repayment fees.
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Requirements: Financing guaranteed by the same aid or compensation cannot be obtained at more than one financial institution.
The financial institution will approve applications in accordance with its risk procedure and policies but approval will not be conditional upon purchasing any other service or product.
The loan applicant will assign the rights to collect the compensation or aid requested, which will be pledged in favour of the financial institution, to meet the payment obligations arising from the loan.
- Availability: until 30 November 2025 or until the funds available under the facility have been used up. Guarantees may be granted until 31 December 2025.
ICO flash floods credit facility for the recovery of productive capacity
- Maximum amount: up to €12,500,000 per company.
- Settlement: fixed or variable interest.
- Maximum term: up to 5 years for current operations. Up to 7 years for modernisation and investments. Up to 10 years for modernisation and investments for corporates in the agricultural sector. Grace periods on principal of up to 24 months.
- Fees: no voluntary early repayment fees.
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Requirements: The financial institution will approve applications in accordance with its risk procedure and policies but approval will not be conditional upon purchasing any other service or product.
The financial institution may ask applicants to provide any guarantees it considers necessary to approve the financing operation, taking into account the guarantee associated with it. - Availability: until 30 November 2025 or until the funds available under the facility have been used up. Guarantees may be granted until 31 December 2025.
ICO SGR/SAECA credit guarantee facility
- Maximum amount: Up to 100% of your investment and liquidity needs and expenses, up to a maximum of 2 million euros per year.
- Settlement: fixed or variable interest.
- Maximum repayment period: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12 or 15 years. You can apply for a grace period.
- Availability: until 31 December 2024 or until the funds available under the line have been used up.
ICO facility for entrepreneurs and companies.
Investments must be in Spain with a maximum amount of €12.5 million per customer in one year.
- Settlement: fixed or variable interest.
- Maximum repayment period: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12, 15 or 20 years. You can apply for a grace period.
- Availability: until 31 December 2024 or until the funds available under the line have been used up.
ICO commercial credit facility
- Maximum amount: Up to 100% of the value of invoices (VAT included) with deferred payment from sales of goods and services in Spain, providing that the outstanding balance does not exceed 12.5 million euros per customer in one year.
- Settlement: variable interest.
- Maximum repayment period: 180 days.
- Availability: until 31 December 2024 or until the funds available under the line have been used up.
ICO international facility
Investments must be outside Spain and up to a maximum of 100% of financing, investment, liquidity and cost needs, with a maximum of €12.5 million/year.
- Settlement: fixed or variable interest.
- Maximum repayment period: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12, 15 or 20 years. You can apply for a grace period.
- Availability: until 31 December 2024 or until the funds available under the line have been used up.
ICO exports facility.
- Maximum amount: up to 100% of the invoice amount or up to 100% of the value of the goods or services, providing that the outstanding balance does not exceed the limit of €12.5 million per customer in one year.
- Settlement: variable interest.
- Maximum repayment period: 180 days.
- Availability: until 31 December 2024 or until the funds available under the line have been used up.
ICO MRR Line for Companies and Entrepreneurs
- Maximum amount: up to 100% of the project cost.
- Repayment terms: 1 to 20 years for loans, up to 10 years for leases. With the option of a grace period of up to 3 years on the principal.
- Settlement: fixed or variable interest.
- Availability: until 01 June 2026.
Green ICO MRR line:
- Maximum amount: up to 100% of the project cost.
- Repayment terms: 1 to 20 years for loans, up to 10 years for leases. With the option of a grace period of up to 3 years on the principal.
- Settlement: fixed or variable interest rate.
- Availability: until 01 June 2026.