» Purpose

To increase production, employment and salaries by means of financial support, in the form of working capital, to companies engaged in industry, trade and services with Gross Operating Income (GOI) of up to R$ 300 million.


» Expiration Date

Up to December 31, 2010


» Clients

Companies with annual or annualized GOI of up to R$ 300 million from industrial, trade and services sectors - except for the construction industry and specialized construction services (divisions 41 and 43 of the Brazilian Classification of Economic Activities - CNAE).


» Types of financial support 

The operations will be performed solely through accredited financial institutions.


» Financing Limit

Up to 20% of the GOI, limited to R$ 50 million per client for every 12-month period.

To calculate the limit, the Bank will only consider the annual GOI – or annualized GOI in the event that any activities begin in the year. Companies’ consolidated GOI will not be considered.


» Interest Rate

Financial Cost + BNDES Spread + Financial Intermediation Rate + Accredited Financial Institution Spread.

Financial Cost: TJ-462 or Basket (US dollar or UMBNDES (BNDES Monetary Unit) variation plus Currency Basket charges);
The Basket will be applied as a Financial Cost at 100% in operations performed with Brazilian companies under foreign control performing economic activities not specified in Decree Nº 2,233 dated May 23, 1997 as amended from time to time.

BNDES Spread: 3% p.a.

Financial Intermediation Rate: 
0.5% p.a. – only for clients or companies with annual GOI higher than R$ 90 million and smaller than R$ 300 million.
Exempt for companies with annual GOI of up to R$ 90 million. 
 
Accredited Financial Institution Spread: To be negotiated by the accredited financial institution and the Client. In operations in which collaterals and guarantees are granted by the BNDES FGI, the specific rules of the Fund should be complied with.


» Term of Loan

The term of loan will be up to 24 months, including a grace period of up to 12 months.


» Guarantees and Collaterals 

Negotiated between the accredited financial institutions and the client. In order to use the BNDES FGI, see its specific conditions.


» Application

Applicants should contact the accredited financial institution of their choice, which will inform the documents required, analyze the possibility of granting credit and negotiate the guarantees. Once approved by the financial institution, the operation will be submitted for approval and further disbursement of funds by the BNDES