Pronampe opens new phase for contracting credit next Monday

The Ministry of Economy edited an ordinance that allows the contracting of credit under the National Support Program for Micro and Small Businesses (Pronampe) as of July 25.

According to the text, published in the Official Gazette (DOU) this Monday (18), participating financial institutions will be able to formalize credit operations in the program until December 31, 2024.

The estimate is that between R$ 30 billion and R$ 40 billion will be granted only in Pronampe until December.

In the case of this program, the interest rate will be the Selic – currently at 13.25% – plus 6%.

As a result, loans will have a rate of at least 19.25% per year.

division into phases

The support program for small businesses was divided into two phases, the first being an emergency, when it had three phases, and then it became permanent, with one phase so far in this modality.

When the first loans by Pronampe were contracted, in June 2020, the program had one of the lowest interest rates on the market: Selic (which then was 2.25% per year) plus 1.25% per year, resulting in a total cost of 3.5% per year.

When it was reissued on a permanent basis, in June 2021, the program had an increase in the rate, which rose to Selic (then at 3.5% per year) plus 6% per year, resulting in total interest of 9.5% per year. year.

According to the rules to be followed for new loans, the amount through Pronampe will be up to 30% of the company’s annual gross revenue, calculated based on the year prior to the contract.

For companies with less than a year, the loan limit will be up to 50% of the share capital or up to 30% of the average of their monthly gross income since the beginning of their activities – whichever is more advantageous for the company.

The information is from the newspaper. The State of São Paulo.