Asturgar SGR facilitates ICO Crecimiento access for Asturian SMEs

Asturgar SGR is facilitating access to the ICO Crecimiento line of credit for small and medium-sized enterprises (SMEs) in Asturias. This direct financing from the Instituto de Crédito Oficial (ICO) is designed to support business growth, investment, and internationalization projects.

The funding can cover up to 80% of investment projects and up to 100% of liquidity needs. Supported operations range from 50,000 euros to one million euros. For investments, terms can reach ten years with a 24-month grace period, while liquidity needs can be financed for up to five years with a 12-month grace period.

Asturgar SGR provides a specific advantage for companies that do not have audited accounts for the last two fiscal years by offering a preliminary guarantee assessment within 48 hours using minimal documentation.