ICO COVID-19: Public Loan Guarantees in Spain (2020–2021)

This dataset combines all Spanish micro, small and medium firms that received ICO (Instituto de Crédito Oficial) guaranteed loans in 2020–2021 with a matched sample of non-treated peers drawn from the same NUTS-3 region and NACE Rev. 2 four-digit industry. Each firm-year record includes, treatment amount and first-treatment year, plus operational and financial metrics—employees , turnover, total assets, and interest-coverage ratio (ICR)— from 2017 to 2022. Structured as an unbalanced panel, it lets you compare how employment and turnover evolve for ICO COVID-19 supported firms versus matched controls.