ANNOUNCED AS TEMPORARYYes
On 10 November 2014, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of BRL 60.6 million (USD 23.8 million) allocated to It2B Tecnologia E Servicos Ltda., a local company that provides IT services and consultancy. The objective of these resources is to finance the development of an Integrated Management System for the government of the Federal District.
The repayment deadline for the credit has been set to 10 July 2016.
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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