The ICF's main objective is to promote and facilitate access to financing for businesses based in Catalonia, mainly SMEs, acting as a complement to the private financial sector. That is why it provides a large number of loans suitable for each state and characteristics of the company.
1. Innovation, internationalisation and industrialisation (R&I)
Direct credit from the ICF, to finance investment and working capital needs of competitive, growing, exporting and/or innovative companies, with a minimum amount of €50,000 and a maximum of €500,000 in the case of working capital, and €1,000,000 in the case of investment. The term will be 4 years in the case of working capital with the possibility of a 1-year grace period included in the term, and up to 7 years in the case of investment, with 2 years grace period also included. The interest rate will be Euribor plus a spread of 5.75%. In addition, as a complement to the guarantees provided by the holder, the operation will be backed by a help for risk assumption provided by the Department of Enterprise and Employment.
2. Entrepreneurs, Self-Employed and Businesses
Loans or leasing aimed at entrepreneurs, the self-employed, microenterprises and/or businesses to finance their investment projects or working capital, with a minimum amount of €10,000 and a maximum of €100,000 per applicant. The term will be 5 years, including a 2-year grace period. The interest rate will be Euribor 12 months plus a spread of up to 5.75% and the guarantees will be those considered sufficient by the collaborating financial institution (CaixaBank and Banco Sabadell).
3. Investment
Direct ICF loans for the funding investment in fixed, tangible, intangible or financial assets that promote the competitiveness of Catalan companies. The beneficiaries will be companies with registered and/or operational headquarters in Catalonia, with a turnover of less than 250 million euros per year and with a business plan that adds value to the Catalan economy. The loan amount will be up to 80% of the project, with a minimum of €500,000 and a maximum of €10M. Repayment will be between 5 and 15 years, with a grace period of up to 2 years.
4 Participatory lending
The ICF also offers Funding together with private investors (Business Angels) in the form of a participative loan for the creation of new companies or companies in the initial stages. The amount provided by IFEM is between €50,000 and €200,000 per project.
5. Loans for social economy and cooperative enterprises
For this type of companies we find different loans; Loans for investments, up to 80% of the investment, with a minimum of 30,000 euros and a maximum of 1 million euros.
Loans for capitalisation, with a minimum of €10,000 and a maximum of €60,000 per borrower. The minimum amount to be capitalised per company or entity is €100,000. The maximum term is 8 years.
Loans for working capital, with a minimum of €30,000 and a maximum of €100,000.
Finally, loans for advances on public sector contracts, the amount of the loan shall be the minimum amount of the contract, less interest accruing over the life of the loan. Minimum €30,000 and maximum €300,000.
All these grants will bear interest at Euribor plus a maximum of 5.50%.
6. Financing culture
Funding to support the cultural sector and facilitate its access to credit to promote projects related to the production, distribution, marketing and dissemination, exhibition or protection of cultural goods or services. The amount of this credit will be up to 100% of the investment, with a minimum of €30,000 and a maximum of €1 million. In the case of working capital, a minimum of €30,000 and a maximum of €600,000, with a term of 7 years, including a grace period of up to 2 years. In the case of working capital, a maximum of 4 years with a 1-year grace period included.
7. Microcredits
Lending operations aimed at financing investments o working capital for the establishment, consolidation or expansion of microenterprises: self-employed businesses and professionals with self-employment projects that contribute to the development of the productive fabric, the creation and consolidation of employment and social progress. The amount of these microcredits will be up to 100% of the project with a maximum of €25,000. There will be no opening commission.
8. Loans to finance global operating contract
Loans subsidised in collaboration with the Department of Agriculture, Livestock, Fisheries, Food and the Environment (DAAM) and marketed by financial institutions, aimed at the incorporation of young people into agricultural holdings and the modernisation of those holdings subscribed within the framework of the global farm contract. The amount will be the amount stated in the loan proposal issued by the DAAM, in accordance with the Aid Order and with a minimum of €3,000.
If you think your company could benefit from any of these grants, do not hesitate to contact us, ABRA-INVESThas a team with extensive experience in this field.
Other posts that may interest you
ICF 2014: providing guarantees for startups to get bank financing
EN 
ES