ANNOUNCED AS TEMPORARYYes
On 9 March 2015, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of circa BRL 57.9 million (circa USD 18.7 million at the time of the measure) allocated to Unicoba Holding S.A., a local company engaged in the computer machines and notebooks. The objective of these resources is to finance the permanent research program for development, improvement, and innovation of products and processes carried out by the company.
The repayment deadline for the credit has been set to 9 March 2017.
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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