Businesses and entrepreneurs ICO Facility

We help you to obtain a specific ICO Facility for entrepreneurs.

At BBVA, we offer help that companies and entrepreneurs need to make their work easier.
  • Up to 100% of the investment to be financed, plus VAT or tax of an analogous nature.
  • Up to 100% of the liquidity or expenses needs.

Features

  • Beneficiaries:

    • Self-employed workers, public and private organizations (companies, foundations, NGOs and government institutions).

    Validity: until 12/27/2020.

    Eligible investments

    • Businesses and Self-Employed Workers: Investments within the national territory, up to 100% of the investment plan, VAT included, or liquidity needs.

    BBVA financing through ICO Facilities-2020. The granting of the operations is subject to the fulfillment of the requirements laid down in each of the ICO facilities and the prior authorization of the financing by BBVA.

Terms and Conditions

  • Maximum amount:  
    Up to 100% of the investment to be financed, plus VAT or similar tax, or up to 100% of the liquidity needs, for a maximum amount of €12.5 million, in one or multiple transactions, structured either as loans or leases. 

    Operation term: 
    The customer can choose between:

    • 1 year, with no grace period or a 1 year grace period.
    • 2 years, with no grace period or a 1 year grace period.
    • 3 years, with no grace period or a 1 year grace period.
    • 4 years, with no grace period or a 1 year grace period.
    • 5 years, with no grace period or a 1 year grace period.
    • 6 years, with no grace period or a 1 year grace period.
    • 7 years, with no grace period or a 1 or 2 year grace period.
    • 8 years, with no grace period or a 1 or 2 year grace period.
    • 9 years, with no grace period or a 1 or 2 year grace period.
    • 10 years, with no grace period or a 1, 2, or 3 year grace period.
    • 12 years, with no grace period or a 1, 2, or 3 year grace period.
    • 15 years, with no grace period or 1, 2, or 3 year grace period.
    • 20 years, with no grace period or a 1, 2, or 3 year grace period.

    Interest rate: Fixed or Variable, with the differential varying depending on the term of the operation. 

    Voluntary early repayment: Total or partial (reducing the fee) early repayment is possible. In general, there is a 1% voluntary early repayment fee for FIXED-RATE transactions. For VARIABLE RATE transactions, it will vary depending on the remaining life of the transaction. These fees vary if the transaction is within the Law 41/2007, on regulation of the mortgage market, depending on when the termination occurs.

    BBVA financing through ICO Facilities-2020. The granting of the operations is subject to the fulfillment of the requirements laid down in each of the ICO facilities and the prior authorization of the financing by BBVA.

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