IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 19 Dec 2017 | Removal date: open ended
Still in force

State loan

On 19 December 2017, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 45 million (USD 13.5 million) loan allocated to the local manufacturer HERVAL Indústria de Móveis, Colchões e Espumas Ltda. The objective of these resources is the development and innovation of products for the furniture, mattress and retail industries. 

The repayment deadline for the credit has been set up on 19 December 2020.

 
FINEP lending
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.

The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

381 Furniture
9404 Mattress supports; articles of bedding and similar furnishing (for example, mattresses, quilts, eiderdowns, cushions, pouffes and pillows) fitted with springs or stuffed or internally fitted with any material or of cellular rubber or plastics, whether or
940410 Mattress supports

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