ICO lines

In difficult times, our commitment is to make things easier.

The ICO 2020 facilities give you the financing your company needs to continue developing, reducing the impact of the current exceptional situation. You will have all the help you need from us to make the application for, and management of, your financing simple, easy and fast.
Líneas de financiación ICO para emprendedores y empresas de Bankinter

Ver Novation of ICO guarantee lines Novation of ICO guarantee lines

Extension of facilities arranged before 18 November 2020.

Who is it for?

Self-employed workers.

Companies.

Type

Novation: extension of maturity term and deferment period for credit facilities.

Apply now

Term extension: if the guaranteed facility subject to novation was granted under the liquidity guarantees of Royal Decree-Law 8/2020 of 17 March and was arranged before 18 November 2020.

Deferment: if the guaranteed facility was granted under the liquidity guarantees of Royal Decree-Law 8/2020 or the investment guarantees of Royal Decree Law 25/2020 and was arranged before 18 November 2020.

Ver ICO investment guarantee facility ICO investment guarantee facility

Guaranteed finance for new investment by companies affected by COVID-19.

See information on investment guarantee facilities

Who is it for?

Public and private companies.

From any sector of activity.

Self-employed workers.

All with registered offices in Spain.

Type

Loans.

Apply now

If you need finance for new investment to adapt, expand or renew your production capacity or restart your activity.

Ver ICO guarantee facilities for tourism and related sectors ICO guarantee facilities for tourism and related sectors

Guaranteed financing for companies in the tourism and related sectors.

See information on the tourism sector

Who is it for?

SMEs.

Belonging to the tourism and related sectors.

Self-employed workers.

All with registered offices in Spain.

Type

Loans with a term of up to five years with a government guarantee.

Apply now

If you need help to finance the costs and investment needed to improve, expand or adapt your facilities, equipment and services.

Ver ICO guarantees facility for acquiring professional vehicles ICO guarantees facility for acquiring professional vehicles

Guaranteed financing to acquire professional vehicles.

See information on professional vehicles

Who is it for?

Self-employed workers.

All with registered offices in Spain.

SMEs.

From any sector of activity.

Companies.

Type

Loans with a term of up to five years with a government guarantee.

Apply now

If you need financing support to acquire professional vehicles.

Ver SGR/SAECA ICO guarantee facility SGR/SAECA ICO guarantee facility

Financing of productive investment inside and outside Spain.

See information on the 2021 ICO SGR SAECA facility

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.

Ver ICO companies and entrepreneurs facility ICO companies and entrepreneurs facility

Financing of productive investment in Spain.

See information on the 2021 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.

Ver ICO commercial credit facility ICO commercial credit facility

Financing in euros of invoices from commercial activity in Spain.

See information on 2021 ICO commercial credit facility

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.

Ver 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.

Novation of ICO guarantees.

The guarantee maturity period will be extended for a maximum of three years, provided that the guaranteed transaction does not exceed eight years from the date it was initially granted. The extension of the guarantee maturity will coincide with the extension of the guaranteed loan maturity.

Likewise, repayment of the principal associated with the guaranteed credit facility may be deferred for an additional 12 months maximum, provided that the total deferment does not exceed 24 months from the date it was initially granted.

To be eligible for an extension of the term and/or deferment period under Royal Decree-Law 34/2020 of 17 November, the self-employed person or company (the 'debtor') must fulfil the following requirements:

  • Apply for extension from the same financial institution that granted the guaranteed facility.
  • The facility in question may not be in default (more than 90 days past due). This also applies to any other facilities which the financial institution has granted to the same debtor.
  • The debtor may not be recorded as in a situation of default in the files of the Banco de España Risk Information Centre (CIRBE) on the date the extension is granted.
  • The financial institution may not have informed the entity granting the guarantee of any non-payment of the guaranteed facility by the debtor on the date the extension is granted.
  • The debtor may not be subject to bankruptcy proceedings.
  • The guaranteed credit facility granted under the liquidity guarantees of Royal Decree-Law 8/2020 of 17 March and subject to the extension of the maturity term or deferment period must have been granted before 18 November 2020. Credit facilities granted under the investment guarantees of Royal Decree-Law 25/2020 are also eligible for deferment.
  • To be eligible for a guarantee extension, the debtor must comply with the limits established in the state aid regulations of the European Union.
  • Availability: until 15 May 2021.

Guarantee line.

Maximum amount: Up to €1.5 million with no limit for invoicing or personnel expenses, with application of the specific provisions of the minimum aid regulation. More than €1.5 million with a limit of the higher of the two amounts: Up to 25% of turnover or salary costs for 2019. No limit on applications per customer.

  • Settlement: choose fixed or variable interest.
  • Available for loans, credit, reverse factoring, advances on invoices, factoring and multi-currency credit.
  • Maximum repayment period: up to 5 years. You can apply for a grace period.
  • Availability: until 1 June 2021 or until the funds available under the line have been used up.

ICO investment guarantee line.

Maximum amount: Up to €1.5 million with no limit for invoicing or personnel expenses, with application of the specific provisions of the minimum aid regulation. More than €1.5 million with a limit of the higher of the two amounts: Up to 25% of turnover or salary costs for 2019. No limit on applications per customer.

  • Settlement: choose fixed or variable interest.
  • Available for loans.
  • Maximum repayment period: up to five years in transactions subject to the minimum aid scheme. Up to eight years in transactions subject to the Temporary Framework Regime.
  • Availability: until 1 June 2021 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 2021 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 2021 or until the funds available under the line have been used up.

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 2021 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 2021 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 2021 or until the funds available under the line have been used up.