ANNOUNCEMENT 28 Sep 2016

The  Brazilian government-funded Company of Innovation and Research (FINEP) approved a BRL 33 million to Brinox Metalurgica 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: 28 Sep 2016 | Removal date: 28 Sep 2019
Still in force

State loan

On 28 September 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 33 million (USD 10 million) loan allocated to the local houseware manufacturer Brinox Metalurgica S.A. The objective of these resources is to finance the research and development of innovative products and processes of household utensils.

The repayment deadline for the credit has been set to 28 September 2019.


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