Between €30,000 and €1M per transaction.
ICF Social Economy
Log in or register in the digital banking to apply for this loan. Once you have completed and submitted the application, you will receive an email with instructions to follow.
Who can apply for this loan?
Social enterprises that have:
- a measurable social impact,
- that guarantee that no profits are distributed to shareholders, partners or owners
- and that define what the funding will be used for with achievable goals can apply for the ICF Economia Social loan.
For what purposes can the ICF Social Economy loan be used?
This loan can be used to finance investment projects (acquisition of fixed, tangible or intangible assets) and working capital needs (relating to the company’s everyday business operations, cash flow needs, purchasing stocks or financing customers).
Financial conditions
- Loans for investment
- Loans for working capital
Up to 15 years, including a grace period of up to 2 years.
12-month EURIBOR plus a spread from 1.5% to 3%.
Arrangement and early repayment fees, of at most 0.25%.
To be determined depending on the project.
The operations that are resolved under the call of the Department of Business and Labor will have aid in the form of a guarantee of 49% of the live risk in front of the ICF.
Between €30,000 and €100,000 per transaction.
Up to 5 years, including a one-year grace period.
For advance payment of credit rights derived from public sector contracts, the maximum term will be 1 year.
12-month EURIBOR plus a spread from 1.5% to 3%.
Arrangement and early repayment fees, of at most 0.25%.
To be determined depending on the project.
The operations that are resolved under the call of the Department of Business and Labor will have aid in the form of a guarantee of 49% of the live risk in front of the ICF.
