Information on the ICO Credit Line

Now, more than ever, we want help companies and freelancers to face the economic effects of COVID-19. For this reason, at Banco Sabadell we offer financing linked to ICO Credit Lines with the aim of meeting the following needs of your business:

Who can request it?

According to the Royal Decree-Law 11/2020, of March 31, any company or freelance with registered office in Spain can request the ICO COVID-19 Line. It is a credit line aimed at all sectors of activity for both public or private companies.

The Instituto de Crédito Oficial has set up a facility totalling 100,000 million euros to guarantee new and renewed loans for the self-employed, SMEs and companies that cannot be classed as SMEs.

For more information about the terms and requirements, click here.

Conditions of the ICO COVID-19 Credit Line

Amounts of up to a maximum of €1.5 million for freelancers and companies, in one or more operations: the specific provisions of the Regulation of the European Union on minimum aid apply.

Amounts over €1.5 million for SMEs and companies that do not meet SME status, in one or more operations: the conditions and limits provided in the Temporary Framework of State Aid of the European Commission apply.

Terms and guarantee

The term of the operation is up to 5 years, with the possibility of up to a 1-year grace period. The guarantee coverage is:

How to apply

Contact your branch. A manager will help you with all the request procedures.

See Royal-Decree-Law 11/2020, of March 31 on extraordinary and urgent measures to face the economic and social impact of COVID-19 for further information.