ICO Sustainable Investment 2012

Finance aimed at companies, the self-employed, public and private entities (Foundations, NGOs, Public Administrations, Councils, Local Entities, etc.), regardless of their size, that are making productive investments within Spain.

The finance is for new or second hand fixed productive assets, passenger vehicles worth under 30,000 Euros plus IVA (VAT). There is no price limit on industrial vehicles, acquisition of companies, IVA (VAT)

• Amount of the transaction: Up to 100% of the investment project, with a maximum of 10 million Euros per client, in one or more loan transactions.
• Method: Loan / Leasing Interest rate: Variable plus the differential or Fixed, plus a margin of up to 1.5%
• Term:  3, 5, 7, 10, 12, 15 or 20 years, with the potential for a grace period of up to 2 years (depending on the term).
• On offer: until 15/12/2012 or when available ICO funds run out.

2012 ICO Liquidity

Finance aimed at companies, the self-employed, public and private entities (Foundations, NGOs, Public Administrations, etc.), regardless of their size, that are up to date with their payments to the Bank. 

• Amount of the transaction: up to a maximum of 10 million Euros, in one or more transactions.
• Method: Loan.
• Term: 1, 3, 5 or 7 years, with the potential for a grace period of up to 1 year (depending on the term).
• Term: 1, 3, 5 or 7 years, with the potential for a grace period of up to 1 year (depending on the term).

ICO Internationalisation 2012

Finance aimed at the self-employed, public and private Spanish entities (Foundations, NGOs, Public Administrations, etc.) including both those that are domiciled in Spain and those whose capital is majority Spanish, despite being domiciled abroad. 

Finance is for the purchase of new or second hand productive fixed assets, the purchase of companies, the purchase of passenger cars worth less than €30,000 (plus IVA if they are purchased in Spain), the IVA or similar taxes if the assets are acquired in Spain. The setting up of companies abroad will also be financed. In this case up to 20% of the project may be financed in cash.

• Amount of the transaction: : Up to a maximum of €10 million per client per year in one or more transactions.
• Method: Loan / Leasing
• Term: 3, 5, 7, 10 or 12 years, with the potential for a grace period of up to 2 years (depending on the term).
• On offer: until 15/12/2012 or when available ICO funds run out.

ICO Housing 2012

• Aim: To boost the rental market for completed homes in Spain, to reduce existing stock (a completed home is classed as one with a first occupancy permit) The houses must be completed before the 31st of December 2012 (1st tranche). And the renovation of homes and buildings (2nd tranche).

• The finance is aimed at:
  • Tramo I: Autónomos, Empresas y Entidades Públicas y Privadas (Fundaciones, ONG’s, Administración Pública…) con domicilio social y fiscal en España titulares de inversiones inmobiliarias.
  • Tramo II: Particulares y Comunidades de Propietarios (para rehabilitación de viviendas y edificios)
• Amount: Up to a maximum of €10 million per client per year in one or more transactions.
  • 1st Tranche: One loan transaction per development shall be carried out. For each loan transaction the maximum amount to be financed shall be either 80% of the amount of the developer loan or 80% of the initial value of the rental development, whichever is less. 
  • 1st Tranche: One loan transaction per development shall be carried out. For each loan transaction the maximum amount to be financed shall be either 80% of the amount of the developer loan or 80% of the initial value of the rental development, whichever is less.
• Terms:
  • 1st Tranche: 5 years interest-only loan
  • 2nd Tranche: 3, 5, 7, 10, 12, 15, 20 years, with the potential for a grace period of up to 3 years (depending on the term).
• Method: Loan.
• On offer: until 15/12/2012 or when available ICO funds run out.

ICO Business development 2012

Finance for investments in Fixed Productive Assets within Spain by the Self-employed and Companies that have recently commenced operations (Less than 5 years) and also to help companies subscribe to the capital of other companies that are carrying out capital increases.

The finance is aimed at:

• 1st Tranche - New Companies: The Self-employed, Companies and Public and Private Entities (Foundations, NGOs, Public Administrations).
• 2nd Tranche - Capitalisation: Public and Private Companies and Entities.

What can be financed:

• 1st Tranche - New Companies: The acquisition of new or second hand productive fixed assets, the acquisition of passenger vehicles worth less than €30,000 plus IVA (VAT), the acquisition of companies, IVA.
• 2nd Tranche - Capitalisation: Funds to subscribe to capital in another company that is increasing its capital. The capital subscription must take place within 3 months of formalisation.

Maximum amount per client:

• 1st Tranche - New Companies: Up to 100% of the investment plus IVA or similar, with a maximum of 1B per client in one or more transactions. Working capital may be financed. It must be linked to the investment project and under no circumstances may exceed 10% of the total amount thereof.
• 2nd Tranche - Capitalisation: Up to 100% of the increased capital amount that is acquired by the client, with a maximum of 10 million Euros per client in one or more transactions.

Interest rate: Fixed or Variable plus the differential, plus a margin of up to 2%

Subsidy for 1st Tranche transactions: €43 per €1000 of finance, which shall be applied to the reduction of the outstanding balance of the transaction (equivalent to 1.5% of the interest rate for a loan rate)

Terms: 3, 5 or 7 years, with the potential for a grace period of up to 1 year (depending on the term).

Method: 1st Tranche: loan / leasing and 2nd Tranche: loan

On offer: until 15/12/2012 or when available ICO funds run out.