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 liquidity measures created by the Junta de Castilla y León through Iberaval and the Instituto para la Competitividad Empresarial, which will reach 3,000 companies in the region and will involve a 100 million euros injection.
With regard to the latter initiative, with the guarantee of the Mutual Guarantee Company Iberaval, Unicaja Banco will facilitate funding through loans and credits to provide SMEs and freelancers with liquidity. Additionally, the Junta de Castilla y Leon may subsidize the costs arising from the transactions requested by companies based in the region and which have been affected by the economic impact of the Covid-19.
This liquidity facility created by the regional government and to which Unicaja Banco has adhered, will be in force until 30 September.
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 the bank gives at any time to the business sector, key in the economy boost and job creation.
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 flexible 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.