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?

According to the Royal Decree Law 8/2020 of 17 March and Royal Decree Law 25/2020 of 3 July, any company or self-employed person with a registered office in Spain can apply for the ICO COVID-19 Line of credit and the ICO Investment Guarantee COVID-19 Line of credit. This is a line of credit aimed at all sectors of activity, both public or private companies whose economic activity has been affected by the effects of 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 €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 2 years grace period. The guarantee coverage is:

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.