ANNOUNCED AS TEMPORARYNo
On March 16, 2017, the Ministry of Production of Argentina announced that SMEs would be able to apply for subsidized credit with a total value of circa USD 128.7 million (ARS 2000 million). The purpose of the new fund is to promote new investments and the acquisition of new capital goods. According to the ministry, these loans include an interest rate subsidy of 4 to 6 percentage points, leaving a final interest rate ranging between 13% and 15%. Individual companies can obtain credit lines of up to ARS 10 million (USD 643,457).
In order to apply for the loans, companies must obtain at least 5 points which depend on the number of employees, the size of the company, its export activity, and if they already enjoy another loan.
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