| The ICO will provide loans to businesses while still in defa |
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The Council of Ministers has agreed four initiatives with the Institute of Official Credit (ICO) seeking to streamline its operations and improve business access to credit, thereby strengthening their financial health.
The most striking novelty is the initiation by the ICO, with an effective date before June 15, the direct lending to self-employed and small and medium enterprises, in financing transactions for both investment and liquidity, with an amount maximum of 200,000 euros per customer, and assuming the ICO deciding the risk of these operations to 100%. It remains essential to the presentation of a feasibility plan that demonstrates the company's ability to generate resources. Beneficiaries: • SMEs • SELF New Features: • The ICO will endorse 100% of the operation • Maximum amount of EUR 200,000 per application • Flexibility in the acceptance of credit Expediting • procedures, promptly in response • Deal directly with the ICO Requirements: • Develop Feasibility Plan From the Platform Business Circle Lines Gazelle ICO take many |
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