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

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: 03 Oct 2014 | Removal date: 03 Apr 2017
Still in force

State loan

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.


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