Rio de Janeiro – The Brazilian Development Bank (BNDES) is offering new financing conditions for domestic production of goods for export, under the Linha Exim Pré-embarque credit line.
BNDES said the measures apply to small and medium-businesses, but mostly so-called medium-large companies, with gross annual revenues in the BRL 90 million to BRL 300 million range.
These three enterprise categories will get access at the rate known as Taxa de Juros de Longo Prazo (TJLP – Long-Term Interest Rate), which is 7.5% per annum. The bank will finance as much as 70% of the total value of projects. Previously, medium-large businesses would pay as much as large companies.
Large businesses, with annual revenues higher than BRL 300 million, which have easier access to commercial banks, the BNDES will finance up to 70% for capital and consumer goods, with 30% of debt to be repaid at TJLP rate and 70% at the benchmark interest rate (aka Selic) for capital goods, and 100% to be repaid at the Selic rate for consumer goods.
*Translated by Gabriel Pomerancblum ‘
