ICO Business and Entrepreneurs Line

We help to achieve a specific ICO Line for entrepreneurs.

At BBVA we offer the advantages that companies and entrepreneurs need to make their work easier.

Up to 100% of the investment project for SMEs and the self-employed.
Up to 100% of the rehabilitation project for communities of owners and individuals.
Apply for

Basic characteristics
Economic conditions
Beneficiaries :

Autonomous, public and private entities (companies, foundations, NGOs and Public Administrations).
Communities of owners and individuals (exclusively for the rehabilitation of homes).
Validity: Until December 21, 2018, or until the consumption of available funds.

Bankable investments

SMEs and Autonomous: Investments in the national territory, up to 100% of the investment project, including VAT, or liquidity needs.
Communities of owners and individuals: Up to 100% of the rehabilitation project or reform of housing and buildings, VAT included.
In both cases, investments must be after 01-01-2017 and must be executed within a maximum period of one year from the date of formalization of the financing.

BBVA financing through the ICO-2018 Lines. The granting of operations is subject to compliance with the requirements established in each of the ICO Lines and the prior authorization of financing by BBVA

Maximum amount:
Up to 100% of the investment to be financed, plus VAT or similar nature tax, or up to 100% of liquidity needs, with a maximum amount of 12.5 million euros, in one or several operations, formalized both in the form of loan and leasing. For communities of owners and individuals, only the loan modality is admitted- url..
Term of operations *:
The customer can choose between:
1 year, without lack or with 1 year grace period.
2 years, without lack or with 1 year of grace.
3 years, without lack or with a 1 year grace period.
4 years, without lack or with a 1 year grace period.
5 years, without lack or with a 1 year grace period.
6 years, without lack or with a 1 year grace period.
7 years, without lack or with a 1 year grace period.
8 years, without lack or with a 1 year grace period.
9 years, without lack or with a 1 year grace period.
10 years, without lack or with a 1 year grace period.
12 years, without lack or with 2 years of grace.
15 years, without lack or with 2 years of grace.
20 years, without lack or with 2 years of grace.

Interest rate: Fixed or Variable, varying the differential depending on the term of the operation.

Voluntary early cancellation : Full or partial early cancellation can be made (reducing the fee). In general, the commission for voluntary early cancellation will be 1% for transactions formalized at a FIXED rate and 0.50% for operations at a VARIABLE rate. These commissions vary if the operation is within the Law 41/2007, regulation of the mortgage market, depending on when the cancellation is carried out.

* The maximum term for 100% liquidity operations will be 4 years.

BBVA financing through the ICO-2018 Lines. The granting of operations is subject to compliance with the requirements established in each of the ICO Lines and the prior authorization of financing by BBVA.