New line of credit to finance investments and working capital in Food SMEs
11 Feb 2021
It is a line of $ 3000 million with a 6 point bonus for investment loans and 3 bonus points for working capital. In addition, the latter will have an additional 2% when applicants have women in driving positions.
The Ministry of Agriculture, Livestock and Fisheries of the Nation and the Bank of the Argentine Nation agreed to launch a credit line to finance investments and working capital of Agro-food SMEs for a total of $ 3 billion of subsidized quota, within the framework of line 750 of The bank will have the FONDAGRO bonus of 6 percentage points to the interest rate in the case of investment financing, and 3 percentage points to the interest rate in the case of working capital financing. destined to investment projects for the acquisition of new capital goods, and / or the construction of productive or commercial facilities, up to a maximum amount of $ 7,000,000; as well as working capital and evolution expenses, up to a maximum amount of $ 3,000,000.
In this sense, the disbursements for investment expenses will be a maximum of three, with an interest rate of 24%; while those for working capital will be only one, with an interest rate of 28% reduced by 2 percentage points for leadership positions held by women.
The procedure must be carried out at the branch of the bank that corresponds to each interested party.