The National Bank for Economic and Social Development (BNDES) reached yesterday (3) in the working capital loan line the total of R$5 billion for micro, small and medium-sized companies. The amount was foreseen in the initial plan to fight the new coronavirus, presented by the development bank in March, at the beginning of the covid-19 pandemic.
According to the BNDES, 16,318 operations with 15,094 companies have already been approved, employing 372,800 people, with an average value of R$ 318 thousand per operation. As the pandemic is not over yet, the program will be expanded until the end of the year, with the availability of over R$5 billion.
“Due to the success of the initiative, and considering the extent of the pandemic and the economic impacts for micro, small and medium-sized companies, the Bank will provide another R$ 5 billion for new loans on the line, which will be extended from September 30 to December 31, 2020 ”, informed the bank.
The BNDES informs that the main economic sector covered by the loan line was trade and services, which acquired 79.7% of resources, followed by the manufacturing industry (19.5%). Agribusiness had 0.7% of resources and the extractive industry, 0.1%.
The objective of Small Business Credit in this second stage will be the same, according to the bank. "Offer resources for the free use of companies, in a simple and agile way, through partner financial agents (credit cooperatives and commercial banks, public or private)". Currently, BNDES has 31 partner agents operating in the states. The bank has a channel for information on micro and small companies that can be checked on here.
Companies with an annual turnover of up to R$ 300 million may apply for financing. The amount released is up to R$ 70 million per year, with a grace period of up to 24 months and a payment period of up to 60 months. Interest rates are negotiated between the company and the financial agent.
Source: Portal ABES with Agência Brasil
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