IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 09 May 2017 | Removal date: 09 Nov 2018
Still in force

State loan

On 9 May 2017, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 64.7 million (USD 20 million) loan allocated to the local digital company B2W - Companhia Digital. The objective of these resources is to finance the company's development of the digital ecosystem.

The repayment deadline for the credit has been set up on 9 November 2018.

On December 2014, B2W - Companhia Digital already received a BRL 231 loan from FINEP to finance R&D projects (please, see related state acts). In this sense, according to the company's financial statements, the credits provided by FINEP enjoy an interest rate of TJPL + 3% and 4% a.a.

 
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

623 Mail order or Internet retail trade services

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