SECOND-FLOOR LOANS
Instituto de Crédito Oficial supplies a range of second-floor facilities seeking to boost and support the productive investments of Spanish enterprises, promote the projects of SME and the self-employed and make it easier for private individuals and households to gain access to credit.
The loans provided under ICO’s second-floor facilities feature long repayment terms, preferential interest rates and simple paperwork and may be obtained through leading banks and savings banks established in Spain. It is the job of these credit institutions to analyse the projects and approve the loan applications.
ICO’s financing facilities are aimed at a wide variety of customers and activities: the self-employed, SME, enterprises, private individuals and public institutions.
For detailed information about the second-floor facilities available in 2011, visit www.icodirecto.es
DIRECT FINANCING
ICO finances any investment project to be executed by a Spanish enterprise, both on the domestic market and abroad, that contributes to the economic and social development of sectors such as infrastructures, telecommunications, transport, energy and the environment. In these cases, the Institute itself examines the operation, grants the loan and assumes the risk.
A novel feature in 2010 was the start-up of the Financial Facilitator, enabling SME and the self-employed to make direct applications to ICO for the financing available through the products known as ICOdirecto and ICO-SGR.
THE STATE’S FINANCIAL AGENCY
As the Financial Agency of the Spanish State, ICO provides financing on the Government’s account for the victims of serious economic crises, natural disasters and similar. In addition, the Institute manages the official financing instruments for export and development.
VENTURE CAPITAL
Through its investee company, “AXIS Participaciones Empresariales” , and the venture capital fund under AXIS’ management, ICO carries out capital or quasi-capital operations (participating loans) for the purpose of backing SME engaged in innovation, preferably in the area of sustainable economy.