ANNOUNCEMENT 19 Apr 2017

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a BRL 46.5 million loan to Dass Nordeste Calçados e Artigos Esportivos S.A.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Projetos contratados e valores liberados. Retrieved on 02/05/2018. Available at: http://finep.gov.br/acesso-a-informacao-externo/transparencia/projetos-contratados-e-valores-liberados

Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Financiamento Reembolsável. Available at: http://finep.gov.br/component/content/article/120-apoio-e-financiamento/tipos-de-apoio/financiamento-reembolsavel/42-financiamento-reembolsavel

Inception date: 19 Apr 2017 | Removal date: 19 Apr 2020
Still in force

State loan

On 19 April 2017, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 46.5 million (circa USD 15 million) loan allocated to the local sportswear manufacturer Dass Nordeste Calçados e Artigos Esportivos S.A. The objective of these resources is to finance the company's innovation program set for the period 2016/2019.

The repayment deadline for the credit has been set up on 19 April 2020.

 
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 SECTORS