Are put in motion the ICO Lines 2009 of business support

Are put in motion the ICO Lines 2009 of business support

These lines have a total of 10.

With the signing of this agreement was put in place the four lines ICO 2009 of business support: Line ICO-SME, ICO-Line Entrepreneurs, ICO-Line Business Growth and Internationalization-line ICO.900 million euros and will be effective from January 7

The President of the Official Credit Institute, Aurelio Martinez and those responsible for the Credit most dynamic in the lending of the Line ICO-SME 2008 have signed on Dec. 15, 2008, the collaboration agreements of the Lines of ICO 2009 in Support of the Spanish Company.

These lines have a total budget of 10,900 million euros, representing an increase of 49.83% over the strength last year, so that the self-employed and SMEs to benefit from a suitable financing to them allow to undertake their investment projects and their corporate financing needs.Also, will be financed 100% of the project, eliminating the limitations by groups accounting for investments in productive assets.

On the other hand, the ICO-Line Entrepreneurs will be new for 2009, expanding the envelope to 100 million euros.The maximum funding per beneficiary per year is 200,000 euros.

The ICO-Line Business Growth for 2009 maintains the endowment of 600 million euros.As a novelty appears to increase the funding ceiling from 70% to 80% of the investment project. Under this line can be financed investment projects of up to 6 million euros.Through this line can finance up to 90% of investments in new productive assets, carried out by self-employed or micro-ups, with fewer than 10 employees.

ICO-SME 2009 increases its budget up to 10.000 billion euros. Among the most important developments is that for the first time included the possibility that up to 40% of the amount of credit obtained is used for funding of the company, although this is subject to financing investment in productive fixed assets of at least 60% of the total amount of financing.

Under this line can be financed investment projects of up to 6 million euros. The customer can opt for an interest rate fixed or variable, ICO Reference + 1.44%.000 jobs.

In 2008, the ICO has funded from the four lines of business support, 94.The customer can opt for an interest rate fixed or variable, ICO Reference + 1.44%. The repayment period of loans are 7 or 10 years.

Finally, the ICO maintains its strong support for the internationalization of the business fabric, supporting the presence of Spanish companies abroad, across the Line ICO-Internationalization of Spanish Company.320 projects amounting to 7395 million euros, generating an induced investment of 13,233 million euros and allowed to create or consolidate 156.