International ICO Facility

We help you to obtain a specific ICO Facility for projects abroad.

At BBVA, we offer all the help you need to make your internationalization process easier.
  • Up to 100% of the investment to be financed, plus VAT or a similar tax that is accrued and paid in Spain.
  • Up to 100% of needs of liquidity or expenses.

Features

    • Payees: Self-employed workers, public and private organizations (companies, foundations, NGOs and government institutions). For investments outside of the national territory, including both companies based in Spain and those with their headquarters in a foreign country and at least 30% Spanish capital.
    • Validity: until the 12/27/2020.
    • Financeable investments: Investments outside Spain of up to 100% of the investment project (including VAT or a similar tax if the asset is acquired in Spain) or the liquidity needs.

    BBVA financing through the Lines ICO-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.

Financial terms

  • Amount maximum:

    Up to 100% of the investment to finance, more the VAT or tax of analogous nature that yields and settles in Spain, or up to 100% of needs of liquidity, with an amount maximum of 12.5 million euros, in one or in several operations, formalized in the modality of loan.

    Transaction period

    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 the Lines ICO-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.

     

You might also be interested in

  • Tailored financing for your investment projects with the guarantee of the European Investment Bank.
  • Your loan from €3,000 up to whatever you need, with a maximum term of 10 years and a fixed, mixed or variable interest rate.
See more ICO Facilities

Be a BBVA customer.

  • At BBVA, we want to help you grow your business by offering the financing you need.
  • We are leaders in digital innovation working to make your life that bit easier.
  • We believe in doing things a transparent, clear and responsible way.
  • At BBVA, we want to help you grow your business by offering the financing you need.
  • We are leaders in digital innovation working to make your life that bit easier.
  • We believe in doing things a transparent, clear and responsible way.

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