ANNOUNCED AS TEMPORARYYes
On 25 August 2017, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 37.6 million (circa USD 12 million) loan allocated to the local chemical company Química Amparo Ltda. The objective of these resources is to finance the company's development of a new production process for soap powder.
The repayment deadline for the credit has been set up on 25 February 2019.
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.
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