ICO Exporters
Banco Sabadell has subscribed the ICO Exporters Line, in order to supply liquidity to the self-employed or Spanish companies by advancing invoices from their export activity, or to cover the prior production costs of articles for export.
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Characterístics
Beneficiaries:
- Advance payment of invoices: Self-employed and companies with registered offices in Spain, that issue invoices for the definitive sale of goods and services to a debtor located outside national territory.
- Pre-financing: Self-employed and companies with registered offices in Spain that have documentary evidence agreed upon with a company based outside Spain under which the purchasing company undertakes to acquire goods or request the provision of services from the company based in Spain, irrespective of the denomination or form of said document.
Eligible bills:
- Advance payment of invoices: Invoices resulting from their export business (foreign debtor and not limited by debtor country) with a due date no later than 180 days, as from the date of advance invoice payment.
- Pre-financing: Company’s liquidity needs to cover the production costs of the goods for export.
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