Aware that the COVID-19 health crisis is affecting your business, now more than ever, we continue to stand by our customers who are self-employed, professionals and SMEs.
For this purpose, Arquia Banca is offering loans linked to the ICO guarantee facility that will help you to continue to make progress and limit the consequences of the exceptional situation we are experiencing.
Who can request them?
This financing can be requested by SMEs, and self-employed workers from the tourism, hospitality, and related activities sector.
To cover the part corresponding to new loans and other financing modalities granted by eligible supervised financial entities to SMEs and self-employed workers belonging to the tourism, hospitality, and related activities sector, with the main purpose of meeting the liquidity needs arising from the company’s current expenses (including the payment of salaries, invoices, need for working capital, maturities of financial or tax obligations) and the execution of new investments.
Up to 500 million euros, contributed by the Ministry of Economic Affairs and Digital Transformation.
The guarantees may be requested until 1 June 2021 or until the funds are exhausted.
Companies and self-employed workers will have access to these guarantees through their financial institutions, through the formalisation of new financing operations or through the renewal of existing ones.
Intended for all sectors of activity, to meet the financing needs arising from salary payments, invoices, working capital requirements or other liquidity needs, including maturities of financial or tax obligations.
Financing subject to prior approval by the bank and/or the ICO.
This financing with ICO guarantee can be requested by self-employed workers, SMEs and companies domiciled in Spain in any business sector. They must meet the following requirements:
The objective of the ICO COVID-19 INVESTMENT GUARANTEE FACILITY is to promote and support the granting of new financing to self-employed workers and companies. This will allow them to primarily make new investments in Spain, in order to adapt, extend or renew production or service capacity or restart or reopen their business.
The financing must be used exclusively for one of the following purposes:
The investment must be made effective within 24 months of the date of signing the financing transaction.
The financing will be formalised as a loan (*).
Maximum amount per customer
Repayment term and grace period
The state provides the following guarantees:
(*) Financing subject to the bank and/or ICO's risk criteria.
In addition to the documentation required to review the transaction, the customer must provide the following documentation:
The customer may formalise transactions until 1 June 2021 or until the funds are exhausted.
For more information, fill out the following form and an adviser will contact you as soon as possible.