New ICO line for SMEs “Small and Mid-Size Enterprise” and the self-employed

The Council of Ministers at their meeting on May 19, 2020, has adopted an Agreement which ICO is instructed to implement the fourth section of the line of guarantees approved by Royal Decree-Law 8/2020, of March 17 for an amount of 20,000 million euros, in addition to the 64,000 million euros previously approved, for a total of 84,000 million euros.

In the next note we detail the new tranche of ICO guarantees, intended entirely for SMEs and the self-employed.

For more information:

Nerea Pérez de Guzmán
Partner. Restructuring Aerea