Unicaja Banco is working to mitigate the economic impact of the crisis caused by the coronavirus on SMEs, freelancers and other companies. For those purposes, among other measures, it strengthens the guarantee funding facilities. In particular, in addition to the ICO Guarantee Covid-19 Facility, approved by the Government, the bank has joined the Garántia Covid-19 Liquidity Facility, promoted by the Junta de Andalucía.
With regard to the Garántia Facility, approved by the Andalusian government, it is addressed to SMEs and freelancers and aims at reducing the economic impact of the health crisis.
This facility is instrumented through Garántia, Sociedad de Avales y Garantías de Andalucía, and, in the case of Unicaja Banco, falls within the general agreement entered into by both institutions.
Furthermore, Unicaja Banco offers to companies and freelancers, since it was launched, the ICO Covid-19 Guarantee Facility, approved under the measures included in the Royal Decree-Law 8/2020, which includes the establishment of a guarantee facility to mitigate the economic impact of this crisis on the business sector.
The availability of these facilities approved by the public administration to companies and freelancers falls within the support that Unicaja Banco gives at any time to the business sector, key in the economy boost and job creation.
Solutions for business customers
In addition to joining these guarantee facilities for credits and liquidity of freelancers, SMEs and companies, Unicaja Banco offers flexible solutions to its business customers affected by the economic impact of Covid-19.
In particular, it facilitates to freelancers and companies flexible financing conditions (extended terms, interest-only periods or flexibilization in repayment conditions in general), which are adapted on a case-by-case basis.
Since the start of the coronavirus crisis, Unicaja Banco has been promoting a set of measures to support its customers and to ensure the safety of clients and employees. The bank focuses its efforts in the launch of flexible payment and financing solutions for its customers, especially for those in a situation of vulnerability.