The program, established by Law No. 14,042/2020 has been in place since October 1st and is part of the set of emergency measures promoted by BNDES with the Ministry of Economy to counter the economic impacts caused by the Covid-19 pandemic. PEAC Maquininhas supports individual microentrepreneurs (MEI) and micro- and small-sized enterprises (MSE) with annual revenues of up to R$ 4.8 million in 2019, facilitating loans and contributing to the recovery of the economy. 

 

The loans are carried out by the financial agents who joined the program and it is guaranteed by future receivables, through digital payment machines. As the credit already has this coverage, BNDES will not require collateral or any other type of guarantee. Banco Safra, Money Plus, Banco do Brasil and Caixa Econômica Federal are already qualified and operating the loans guaranteed by the Program.

 

The interest rate charged by the financial agent will be fixed and must not exceed 6 % per year. The loan, which will be deposited in the entrepreneur’s account, will have a six-month grace period and a 36-month payment period (including the grace period). The program resources are from the Union and are available until December 31st, 2020. 

      

The loan is limited to the equivalent of twice the average monthly sales of goods and services, calculated between March 1st, 2019 and February 29th, 2020, with a maximum limit of R$ 50,000 per customer. To qualify for the credit, the entrepreneur must have sold goods or services by credit, debit or prepaid cards, and not have active credit operations guaranteed by future receivables. 

 

BNDES’s website provides more information about the program and consultation to the qualified financial institutions, as well as the monitoring of the performance of each one.

 

About BNDES – Founded in 1952 and currently linked to the Ministry of Economy, BNDES is the main instrument of the Federal Government to promote long-term investments in the Brazilian economy. Its actions focus on the socio-environmental and economic impact in Brazil. BNDES offers special conditions for micro-, small- and medium-sized enterprises, as well as social investment lines, directed at education and health, family agriculture, sanitation and urban transport. In crisis situations, BNDES acts in an anticyclical manner and assists in formulating solutions for resuming economic growth.