SimplifICO, financing solutions from our ICO Credit Lines.

Banco Sabadell understands what you need to adapt your business to these new times.

We want to continue by your side, supporting you and offering you financial solutions so that you have the tools you need to help you adapt to the new normal and continue to grow your business or reactivate it.

Who is it amied at?

The self-employed, businesses and companies

*Financing proposal for illustrative purposes. Higher amounts than those indicated may be considered.

Advantages

With SimplifICO we make a financial aid plan available to you for your business. Its purpose is to provide you with liquidity in order to develop or reactivate your business activity (such as the payment of wages and salaries, bills, rent, taxes or financial expenses), and also to help you make new investments for your business (asset acquisitions, adaptation of facilities etc).

How to apply for the ICO Credit Line

So we can analyse the financing needs of your business and give you an answer within 7 days, you need to provide us with the following documentation:

Self-employed:

• VAT Form: Modelo IVA 390 (2019).
• Tax Form: Modelo 130/131.
• Income Tax Return 2019.
• Breakdown of the planned use of the guaranteed funds.
• Details of the financial obligations of this financial year, at both an individual and business level (e.g. Instalments paid for other loans from other lenders).
• Details of the income of the rest of the family unit (e.g. partner’s salary). This is only necessary in the event that an additional guarantor is required.

• VAT Form: Modelo IVA 390 (2019).
• Breakdown of the planned use of the guaranteed funds.
• Financial statements for the 2019 financial year (prepared or approved) or for the last closed financial year.
• Audit Report for the 2019 financial year or the last closed financial year, if the company is under the obligation to conduct one.

Application Process

Sybmission of the documentation and formal application

Response t othe application (7 days later)

Signing of the transactions

Funds credited to the account (6 days later)

Special conditions for professional groups

If you belong to a professional or business group with a collective agreement signed with Banco Sabadell, you can enjoy a specific offer with preferential conditions. Ask your personal banker which financial solution is offered to your group or call 900 500 170.