ICF Co-Financing
Useful information for companies
Banco Sabadell has signed up to the ICF Co-Financing Line to finance business projects, both in terms of working capital and investment, sharing 50% of the funding, risk and guarantees with the ICF.
The fund for this line of loans totals €120 million.
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Characteristics
Beneficiaries:
Companies with a head office or operating site in Catalonia regardless of where the loan is applied (in Catalonia or otherwise).
Exclusions:- Self-employed people.
- Joint ownership arrangements.
- Holdings, except when these belong to an industrial or commercial group and carry out investment for the group's business operations.
- Companies belonging to the following economic sectors: real estate, insurance and finance.
Investments that can be financed:- Investment: financing investments in productive fixed assets inherent in the company's business.
- Working capital: to provide liquidity for the company's day-to-day business.
- Financial Conditions
Financing method:
Loan
Maximum investment:
Minimum of €500,000 and maximum of €5,000,000 per beneficiary.
Repayment terms:
Investment: repaid over 1 to 10 years, with up to 2 years' grace period included.
Working capital: repaid over 5 years maximum.
Interest rate:
Variable, tied to the 12-month Euribor.