How do I apply for the ICO loan?

The application is made through the usual BBVA adviser, who will answer any questions and specify how to send in the necessary documentation. You can also ask us to call you or <a aria-label="you can look for open branches in your location. global.link.target.blank.text" href="/content/sites/public-web/bbvaes/es/general/buscador-oficinas.html" target="_blank">look for branches open in each locality</a>.

Can a foreign company apply for a loan through this facility?

Yes, provided that you carry out business activity in Spain.

What documentation is required?

Depending on the purpose of the ICO financing, additional documentation may be required.

What are the interest rates on ICO loans?

La Tasa Anual Equivalente (TAE) aplicable a la operación estará compuesta por el coste de la comisión inicial que en su caso aplique la Entidad de Crédito más el tipo de interés (según el plazo de amortización). It is updated every two weeks and can be applied to new operations formalized within this line. You can view the maximum APR table (for this ICO loan) at this link .

What are the requirements to apply for an ICO loan?

These are the common requirements when requesting this ICO loan: You have to be self-employed or a company. You have to use the ICO line for investment projects, business activities and/or liquidity needs or expenses. Allocate the ICO funds to digitalization projects, especially those focused on promoting teleworking solutions within the Acelera Pyme program. Apply for the ICO line at a bank. Choose one of these two types: loan and leasing.

Who can apply for an ICO loan?

This ICO line can be requested by self-employed individuals and businesses conducting their activities in Spain, regardless of their registered office or tax domicile, and regardless of whether they are Spanish or foreign.

What documentation is required to apply for an ICO loan?

In order to access this ICO line, you must submit the documentation that each credit institution considers necessary to study the operation.

Is this financing compatible with funds granted by other organizations?

This financing will be compatible with funds received from the Autonomous Communities (CCAA) or other institutions.

ICO Loans for Businesses and Entrepreneurs

The loan facility intended for investment projects, business activities and/or liquidity needs

These ICO loans may be requested by self-employed persons and companies that carry out business activities in Spain. Eligibility for the loans is independent of registered or tax domicile and nationality (Spanish or foreign).

What can you finance with these ICO loans?

The financing needs to carry out your business activities and/or investments, as well as your liquidity needs and expenses related to the company's own activity.

Compatibility of this financing with the grants given by other organisations

This financing may be compatible with grants received from regional authorities or other institutions (subject to the limitations stated in the terms of such grants).
Term, repayment period and grace period
Validity: transactions can be carried out with the Credit Institution throughout 2026.

Repayment and grace period: from 1 to 20 years with the possibility of up to 3 years of grace period for principal (depending on the purpose, the maximum term may be shorter).
Interest rate, type and activities excluded
Interest rate: fixed or variable.

Option: arrangement via loan or lease depending on purpose.

Excluded activities: the following activities cannot be financed:

Activities in the arms and ammunition sector.

Illegal activities under legislation applicable to the operation in question, or according to international agreements and conventions, including regulations on the environment, health and safety and employment.

Activities that limit individual rights and freedoms or violate human rights.

How do ICO loans work?

The way that an ICO loan works is not very different from the way that a ‘traditional’ bank loan does. The difference, however, is that an ICO loan involves three parties:

The Instituto de Crédito Oficial, which provides backing for the financing and its terms.

The credit institution, which analyzes the feasibility of the loan, manages the money loaned, and assumes the risk of any failure to repay by the customer.

The application, who is required to repay it over the stipulated time period, along with the agreed-upon interest.

Some questions that may come up

The customer will be able to carry out transactions with the Credit Institution throughout 2026.

ICO Business and Entrepreneur