ANNOUNCEMENT 14 Sep 2017

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a BRL 40.9 million loan to Tramontina Eletrik 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: 14 Sep 2017 | Removal date: 14 Sep 2020

State loan

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.


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