ICO granted loans to 132 companies that generate 4.39 million investment.

Melilla, June 22 .- El Instituto de Credito Oficial (ICO) has granted 132 loans in Melilla in credit lines, which is open for Freelancers and small and medium enterprises, amounting to 4.44 million euros, which have generated turn an investment of 4.39 billion euros.

In a press conference, the Director General of Planning and External Relations, ICO, Olga Garcia Frey, has reported that, sto credits, the loans are used in Melilla lines Investment, Entrepreneurship, Liquidity, Advances and Loans Rent University.

Frey Garcia stressed the host that have been so in Melilla and in Spain in general the measures it has recently begun to implement ICO by instruction of the Cabinet held on 9 April.

Far greater impact, and that also has been "well, sto credits, received by the business" is the line of autonomous and direct loans to small entrepreneurs to a maximum of 200,000 euros to finance investment and liquidity needs that may arise from companies.

This type of loan has an interest of six months Euribor plus a 3.5 per cent, and has an amortization period for seven years with two years of absence in, tera gold, the case of investment, and three years with a grace period in the liquidity.

In addition, the risk is assumed by "directly" the ICO, which aims to this type of credit "directly open a door" to the SMEs and freelancers so they can continue to invest where necessary, which also helps keep businesses open and create or maintain employment.

Frey Garcia stressed the "ease" that this type of loan has the time of asking, as it is done through the web page created by the ICO www.facilitadorfinanciero.es, and in the application process does not involve any entity bank.

He has also explained the other three measures that is promoting the ICO at the request of the Council of Ministers, one of which aims to strengthen the development of housing units in sales regime, which is a novelty, as until now finances only hire surveyor.

The other measures are intended to enhance the flow of credit to SMEs and freelancers, and are the ICO Liquidity, and the line of increasing the volume of refinancing, which maximum amount is 600,000 euros.

The aim of these four measures is to strengthen the housing market and get official protection as demanded by the credit companies and autonomous "comes to the final destination," Garcia said Frey, who today visited Melilla to explain these new possibilities to the social and business of the city.

In Melilla, about 5,200 individuals and smaller businesses can benefit from this direct credit lines ICO.

According to the delegate of the Government, Gregorio Escobar, most of the self-employed and entrepreneurs who benefit from these possibilities may belong to the commercial and hospitality sector, as well as the construction and new technologies. 1010833

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