This Facility provides financing for investments in fixed assets or working capital expenses within Spain, with the following characteristics:
- Financing of up to 100% of the investment project, plus VAT.
- New and second-hand assets can be financed (machinery, computer hardware, furniture, properties, etc.).
- Sedans are permitted, whose price does not exceed 30,000 euros plus VAT.
- Company acquisitions can be financed.
- You can finance expenses of working capital with the limit of 10% of the total amount of the financing.
- The investment to be financed cannot be initiated before 1 January 2011, and must be carried out within a period of 12 months from the signing of the financial assistance.
Restructurings of liabilities or refinancings are not allowed.
The interest rate can be fixed or variable, and is composed of:
a) Operations without lack of the principal: EURIBOR 6 months or fixed rate equivalent + Differential ICO + 1.80%.
b) Operations with lack of the principal: EURIBOR 6 months or fixed rate equivalent + Differential ICO + 1.65%.
No start-up, apraisal or availability fees.