To access credit, the entrepreneur must make the request directly to the banking institution of his choice.
Small and micro-entrepreneurs have access to another line of credit. Banco do Brasil announced the resumption of ProCred360, offering credit to CNPJs with revenues of up to R$360 thousand.
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ProCred360 is a specific credit model for micro and small businesses and offers up to R$ 150,000 per CNPJ, with annual interest of 5%, plus Selic, and up to 48 months to repay the debt. Another feature of the program is the limitation to 30% of revenue: in the cases of companies with women on the board of directors or that have Selo Mulher Emprega Mais, the credit can reach 50% of revenue.
To access credit, small or micro-entrepreneurs must submit the request directly to the banking institution of their choice. Between the months of July and August, for example, Banco do Brasil released contracts worth R$120 million.
Bradesco also started the program this year. ProCred360 is a member of the Believe project and was established after an interim measure by the federal government.
Source: Terra
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