If you have a Foreign Trade Facility, you can apply for this type of finance, which is covered by an agreement with the Official Institute of Credit (Instituto de CrÃ©dito Oficial)
ICO Exportadores is a credit facility designed to give greater liquidity to Spanish self-employed professionals and businesses, by advancing the amount of invoices issued through their export activity.
- The maximum advanceable amount is 100% of the invoice
- The maximum amount will be 12.5 million euro;
- The maximum finance term is 180 days.
- Interest paid in advance.
- No refinance option.
- Subject to availability of funds
Find out more at your branch.