COVID-19: information on the ICO Credit Line

Now more than ever, we want to help companies and freelancers cope with the economic effects of COVID-19. For this reason, at Banco Sabadell we offer you financing linked to lines of credit from Spain's Official Credit Institute, the ICO, in order to meet the following needs of your business:

Who can request it?

Royal Decree-Lawy 8/2020, of 17 March and Royal Decree-Law 25/2020, of 3 July, as extended pursuant to Royal Decree-Law 34/2020 and Royal Decree-Law 5/2021 and that Royal Decree-Law 27/2021, of 23 November, which extends the deadline for granting the guarantees released in Royal Decree-Laws 8/2020 and 25/2020 until 1 June 2022.

Puede solicitar la Línea ICO Avales Inversión COVID-19 cualquier empresa o autónomo con domicilio social en España. Es una línea dirigida a todos los sectores de la actividad, ya sean empresas públicas o privadas que han visto afectada su actividad económica por los efectos del COVID-19.

Any company or self-employed person with a registered office in Spain can apply for the ICO COVID-19 Investment Guarantee Facility. This is a line of credit aimed at all sectors of activity, both public and private companies whose economic activity has been affected by COVID-19.

For more information on conditions and requirements, click here.

Conditions of the ICO COVID-19 Credit Line

Amounts of up to a maximum of €2.3 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 €2.3 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 10 years, with the possibility of up to a 1-year grace period. The guarantee coverage is:

Relevant dates

Both dates are established due to the obligation to send the documentation for the granting of aid to ICO before 1/06/2022.

How to apply

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

On this page you will find more information on the Royal Decree Laws linked to the ICO lines of credit, so that you can view all the details.