ANNOUNCEMENT 24 Apr 2020

The Brazilian government-funded Company of Innovation and Research (FINEP) approved a loan of circa BRL 128 million to chemicals company specialized in the manufacturing of soaps and detergents.

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 21/07/2020. 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: 24 Apr 2020 | Removal date: open ended

State loan

On 24 April 2020, the Brazilian Company of Innovation and Research (FINEP) announced the approval of over BRL 127.9 million (ca. USD 22.5 million) loan allocated to Química Amparo Ltda., a local chemicals company that produces soap and detergents.

The objective of these resources is to finance an innovation project that seeks to develop an integrated management solution for its Distribution Center of cleaning and personal hygiene products, applying technologies from Industry 4.0.


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