BBVA Spain and Portugal has renewed its collaboration agreement with Spain’s Federación Nacional de Asociaciones de Trabajadores Autónomos (ATA – National Self-Employed Federation), the leading organization in the sector with 500,000 self-employed members, 824 professional organizations, and 80 offices in Spain. The renewal means half a million self-employed will be able to benefit from exclusive and preferential funding terms, which can be contracted via BBVA’s network in Spain or the ATA’s website. Present at the signing were Jaime Sáenz de Tejada, Director for Spain and Portugal, and the Chairman of ATA, Lorenzo Amor.
BBVA offers products catered to the self-employed segment (one of the groups facing the most funding requirements in the current economic climate), providing a wide range of financial products and services under the most competitive terms on the market. Thus, ATA members will be eligible for loans and charge accounts to support investments at preferential interest rates, as well as products that offer tax benefits, such as renting or leasing products with financing of up to 100% of the asset amount.
Specifically, ATA members may benefit from the following products and services:
- Daily management: a checking account free of administration and maintenance fees, and no fees for deposits or checks. Furthermore, members will be eligible for a free debit or credit card, all under the most competitive terms available.
- Payment management: Installation of PST for credit and debit card payments, as well as the option of contracting the ‘Bono TPV BBVA’ service offering a flat rate with all PST costs included, suited to the particular needs of each member.
- ICO funding facilities: Beneficiaries of the agreement will also have access to ICO loan facilities, both for investment (the ICO Inversión, ICO Inversión Sostenible and ICO Internacionalización facilities) and liquidity facilities (ICO Liquidez).
- Working Capital funding: Via the Business Charge Account, ATA members can manage their finances in a single account.
- Medium and long-term financing: BBVA offers various funding options via real estate leasing, such as the Negocios Convenios loan (investment in fixed assets), the Business Mortgage (purchase or refurbishment of commercial property) or fixed term financing.
- Business cards: BBVA provides all ATA members with the new BBVA Tarjeta Negocios (Retailers Card), free of charge for the first year and offering 2% discounts on fuel at Repsol, Campsa and Petronor gas stations, as well as other benefits.
- Guarantees: The bank will provide members guarantees for deferred payments and sales, contracting services, subsidy advances, etc., under the most competitive terms available.
The new agreement also includes BBVA’s e-Offer, a tool that allows users to request information and request products and services via ATA’s own website (www.ata.es).
One new aspect is the 21 regional workshops that will be held in each of Spain’s autonomous regions, providing ATA members with advice on investment options.
Engagement with the self-employed
BBVA is the leading bank amongst the self-employed. BBVA’s constant and ongoing support for this group has made it the primary provider of financial services to 10% of Spain’s self-employed, with a total market share in the sector of over 17%.
By renewing this agreement, BBVA aims to attract new customers and provide the self-employed across Spain with all the benefits of the agreement, via its branch network staffed by more than 3,500 business experts. Renewing the contract paves the way for partnership plans between the bank and each regional ATA association, to ensure that these benefits are available to every member.