FINANCE FOR MICRO AND SMALL "
BNDES financing for small businesses
BNDES (Banco Nacional de Desenvolvimento Economico e Social) today announced measures to simplify the funding for individuals, medium, small and micro companies. One of the measures
is the end of the requirement of consultation prior to the Automatic BNDES operations - financing of investment projects of up to $ 10 million. In other words, the banks onlending resources may approve the transaction.
"The requirement of collateral in these operations is now in charge of financial agents, and may even choose not to provide warranty of any kind in those operations," said the president of BNDES, Demian Fiocca.
From now is also the criterion of financial agents to set default interest in the automatic indirect operations and not automatic.
Moreover, Fiocca seconds, the average time for approval of the operations of Finame (purchases of machinery and equipment) and BNDES to officers has dropped significantly. He said in 2002, the average term was 25 days. Fell for nine days between January and April last year and five days in the first quarter of 2006.
"The measures contribute mainly to the facilitation of access to credit for micro, small and medium enterprises, which have major role in generating employment and income and account for about 25% of total disbursements of BNDES," said .
Disbursements from the bank for medium, small and micro enterprises totaled U.S. $ 7.781 billion Last year, 24.96% more than in 2004. With respect to individuals totaled R $ 3.880 billion, an increase of 38.9% over the same period of comparison.
Fiocca said that a study by the BNDES reveals that companies can finance the bank generate more jobs than those who did not have the support. (Source: Folha Online, 11/05/2006)
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