Posted on 03/09/2021 by APD Writing self-employedFinance ico loan The ICO loan has different lines to grant aid and loans to entrepreneurs, companies and mutual Uganda Phone Number List companies, in addition to the internationalization of companies. It is a financing guaranteed by the State that covers non-performing loans by 80% and that, since the outbreak of the pandemic in 2020, has translated into more than 69,000 million euros in circulation to guarantee Uganda Phone Number List viability. How can it be requested, when is it received and how is it returned? Steps and requirements to apply for an ICO loan A report by the Association of Self-Employed Workers (ATA) reveals that up to 1.2 million self-employed applied for ICO credits last year. However, of that figure only 300,000 have been approved, since in order to access this or any other type of credit it is necessary to meet a series of requirements.
How and where to request it? An ICO line is processed at the offices of collaborating Spanish credit cooperatives and banks . These lines of financing are integrated into the commercial network of the entities, so that any self-employed person or company can access them. It is the banks themselves who study, approve and formalize the applications. When Uganda Phone Number List it, the entity will request : The accounts for the previous year Uganda Phone Number List your VAT return. The certificate of being up to date with the payment with the Tax Agency (AEAT) and Social Security. The reason why the loan is requested. Authorization to request a risk report from the Risk Uganda Phone Number List Center of the Bank of Spain (CIRBE). An ATA report reveals that last year 1.2 million freelancers applied for ICO credits, of which a total of 300,000 have been approved Once the request has been analyzed, if it is viable, the beneficiary and the Official Credit Institute (ICO) are notified of the approval of the credit.
At the moment, these lines are presented as an exceptional lifeline to avoid the massive closure of all types of businesses. Entities inform applicants of all the requirements they must meet and what their options are in terms of economic quantification, amortization period and interest. Necessary requirements The entities that have signed a framework Uganda Phone Number List to participate in the Guarantee Line through the ICOs will decide on the granting of the financing. To do this, they will take into account their internal risk policies and procedures. One of the requirements that the ICO warned about is that only those companies that have their registered office in Spain and have been affected by the effects of COVID-19 will currently benefit from these credits .