ANNOUNCED AS TEMPORARYYes
On 14 September 2017, the Brazilian Company of Innovation and Research (FINEP) announced the approval of circa BRL 40.9 million (USD 13 million) loan allocated to the local metallic and plastic manufacturer for electrical installations Tramontina Eletrik S.A. The objective of these resources is to finance its "Projeto Clean."
The repayment deadline for the credit has been set up on 14 September 2020.
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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