ICO Avanza 2 (2011 - 2015)
The Banco Sabadell Group has signed the ICO Avanza2 (2011-2015) facilities for its customers, with the aim of driving the incorporation of information and communication technologies in small companies together with commerce and eBilling in SMEs and facilitate access to these technologies to the general public and particularly to young people and university students.
Beneficiaries:
- ICT Type: The self-employed and small and medium enterprises, associations and company groups which do not have a broadband Internet connection and invest in equipment for broadband Internet connection and those which, having this connection, invest in software and hardware aimed at improving their corporate processes or the introduction of the business and eBilling.
- Young People and Student Loans: residents in Spanish territory aged between 18 and 35 and students registered at Spanish university centres who have a broadband Internet connection or make a new subscription to this service.
In this product, the applicant can be the customer himself or any natural person who declares that the loan is sought for a young person aged between 18 and 35 or for a university student. The customer must sign the application. - Digital Citizens: residents in Spanish territory who have a broadband Internet connection or make a new subscription to this service.
Investments eligible:
- ICT Type: Finance aimed at the self-employed, SMEs, associations and company groups which do not have a broadband Internet connection and invest in equipment for broadband Internet connection and those which, having this connection, invest in software and hardware aimed at improving their corporate processes or the introduction of the business and eBilling.
- Young Person and University Student Loans and Digital Citizens Loan: The purchase of computers with the capacity to connect to the internet may be financed, together with office software, antivirus, electronic card reading device, peripherals and subscription to the Internet connection service.
Repayment period:
- ICT Type and Digital Citizens Loans 36 months, with the option of 3 months grace period for both the principal and the interest.
- Young People and Student Loans: 60 months, without a grace period.
FIXED, equivalent to the 12-month Euribor, as reported fortnightly by the ICO.
Maximum amount:
- ICT Type: Up to 100% of the investment (EXCLUDING VAT) will be financed with a maximum amount of 200,000 euros per end beneficiary and calendar year.
- Young Person and University Student Loans and Digital Citizens Loan: Up to 100% of the investment (INCLUDING VAT) will be financed with a maximum amount of 3,000 euros per end beneficiary and calendar
This Facility will be in effect until 31 December 2015 or earlier if the funds are exhausted.