ICF Culture Liquidity

07 April 2020

Loans to face the need for liquidity of the cultural companies affected by the situation arising from COVID-19. The ICF examine the project's viability from the financial standpoint, formalises and manages the loan. The Department of Culture, through the ICEC, examine the projecte's technical viability oand issues the pertinent eligibility report.


Financial terms

Amount: ranging from a minimum of €20,000 to a maximum of €300,000.
Term: maximum of 5 years, including a grace period of 1 year.
Interest: 12-month Euribor plus a spread of at most 3%.
Fees: without commissions.
Collateral: to be determined on the basis of the project.

The Department of Culture asume, in front of the ICF, the 80% of the credit risk of the loans.

 Application

  1. Apply for your loan “ICF Culture Liquidity” (in the form, you will have to state in the field “Brief summary of financing needs” - “Breu resum de les necessitats de finançament” that they consist in the product ICF Culture Liquidity: you can consult the manual of how to do the application).

  2. Once you have completed and submitted the form, you will receive instructions by e-mail.

    Apply here: http://www.icf.cat/en/productes-financers/prestecs/icf-cultura-liquiditat/

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