ANNOUNCEMENT 18 Oct 2016

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a BRL 33 million loan to Saur Equipamentos 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: 18 Oct 2016 | Removal date: 18 Oct 2019
Still in force

State loan

On 18 October 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 33 million (USD 10 million) loan allocated to the local logistics company Saur Equipamentos S.A. The objective of these resources is to research and develop new products for cargo handling.

The repayment deadline for the credit has been set to 18 October 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

 

AFFECTED PRODUCTS

 
N/A