ANNOUNCEMENT 03 Oct 2014
The Brazilian government-funded Company of Innovation and Research (FINEP) approved a loan of BRL 31.9 million to Ouro Fino Química Ltda.
NUMBER OF INTERVENTIONS
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
On 3 October 2014, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of BRL 31.9 million (USD 12.8 million at the time of the measure) allocated to Ouro Fino Química Ltda., a local agrochemical company engaged in the development, manufacture and marketing of fungicides, herbicides, and insecticides. The objective of these resources is to finance the 2014/2015 R&D program of the company.
The repayment deadline for the credit has been set to 3 April 2017.
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.