Long-term loans for irrigation communities to finance the improvement and modernisation of irrigation systems.
The projects will be co-financed by BBVA (50%) and ICF (50%).
Amount: up to 90% of the investment, from a minimum of €100,000 for entity (total loan amount of €200,000).
Term: maximum of 20 years.
Interest: 12-month Euribor plus a spread between 2.70% and 3.20%, depending on the project and its risk.
Arrangement fee: 0.50% of the investment amount, from a minimum of €150, per entity.
Collateral: pledge of the credit rights derived from the grant given by the Department of Agriculture, Livestock, Fishing and Food, and pledge of the credit rights derived from the turnover of the irrigation communities in favour of both entities.
- Apply for your loan for the irrigation communities (Comunitats de regants) to BBVA.
- Once you have the approval, to complement the funding, apply here for the loan for the irrigation communities (Comunitats de regants) from ICF.
- Once you have completed and submitted the form, you will receive instructions by e-mail.