From the Department of SME Financing and Competitiveness of the Argentine Confederation of Medium Enterprises (CAME), they report that the Ministry of Productive Development of the Nation extended until September 30 the validity of eight lines of financing for MSMEs intended for working capital and productive investment projects.

In all cases, these are loans that have a subsidized rate below 25% through the National Fund for Productive Development (Fondep).

The extension covers credits at a 0% rate for critical sectors such as: Culture, Tourism and Gastronomy.

The LIP Pymes Line in force in 25 public and private banks will also extend its validity, intended for the acquisition of capital goods, construction and expansion that allow productive investments to be carried out and generate employment.

MSMEs and cooperatives from the industrial, agro-industrial and industrial services sectors can apply to finance projects of up to $70 million per company. It has an interest rate subsidized by Fondep of 25% for the first two years, with additional bonuses for exporting SMEs and companies led or owned by women.

For more information regarding the current national lines, send an email to financiamiento@came.org.ar