What is BNDES?
In this post you will understand everything you need to know about BNDES Financing. And for that, it is worth introducing a little of the history of this bank. Founded in 1952, the National Bank for Economic and Social Development (BNDES) is one of the largest development banks in the world. It is the Federal Government's central tool for long-term financing and investment in all segments of the Brazilian economy.
The entity supports entrepreneurs of all sizes, including individuals, in carrying out their modernization and expansion projects and in completing new businesses. Always being guided by the potential to generate jobs, income and social inclusion for Brazil.
BNDES FINANCING
BNDES Microcredit
Microcredit is the granting of small-value loans to formal and informal micro-entrepreneurs, normally without access to the traditional financial system.
Who is entitled?
Individuals and legal entities engaged in small-scale productive activities can obtain resources from BNDES Microcredit, ie, those who obtain gross revenue equal to or less than R$ 360 thousand in each calendar year.
The funds are always intended to finance working capital and/or fixed productive investments, such as civil works, purchase of new and used machinery and equipment, and purchase of inputs and materials. know more.
BNDES Finame
objective
Financing the production and acquisition of national machinery and equipment accredited by BNDES.
Process
In general terms, the simplified flow of financing follows the following steps, with some variations, depending on the line:
- The interested party chooses the machine or equipment that he wants to acquire and checks if the item appears in the list of equipment financed by BNDES Finame. You can check this in the BNDES website.
- The interested party seeks an accredited financial agent and requests the financing of the equipment/machine. Financial agents are financial institutions authorized to transfer BNDES resources, they can be commercial banks, development banks, development agencies or credit cooperatives, etc.
- The financial agent analyzes the request and the financial situation of the interested party and, if it approves the operation, forwards the request for financing to the BNDES.
- The BNDES evaluates the request, observes whether it complies with the rules and, if so, authorizes the financing.
- The agent authorizes the authorized manufacturer or distributor to deliver the machine or equipment to the buyer/financer.
- The manufacturer or authorized distributor delivers the machine or equipment to the purchaser.
- BNDES transfers the amount to be financed to the financial agent (upon request and presentation of the invoice).
- The financial agent transfers the amount to the equipment manufacturer or authorized distributor.
BNDES FGI
Warranty for your business
The BNDES FGI aims to facilitate the obtaining of credit by micro, small and medium-sized companies, as well as individual entrepreneurs, and self-employed truck drivers, thus encouraging them to grow and modernize.
When asking for credit, smaller companies and entrepreneurs often find it difficult to meet the guarantees required by financial institutions. Such difficulties often make it impossible to contract the desired financing, or lead to the approval of financing under less favorable conditions than ideal, considering variables such as grace and amortization periods, interest rate and down payment.
It is in this scenario that BNDES FGI fits. By complementing the guarantees offered by the companies, the BNDES FGI increases the chances of approval of credit applications, being, therefore, a real alternative to support the growth ambitions of these companies. In addition, the BNDES FGI guarantee, as it is well evaluated by financial institutions, also allows them to approve financing under better conditions, for example: with longer terms, lower down payment requirements and even with lower interest rates.
It is a set of advantages that the BNDES FGI guarantee provides. And there are several investments that can benefit. Some examples are: working capital, acquisition of national machinery and equipment, projects to expand production units, acquisition of national software, production aimed at exportation, among others. know more.
Who can be a customer?
Each BNDES financing instrument is intended for one or more customer profiles, including:
- companies based in Brazil;
- individual entrepreneurs (individual with CNPJ)
- individual micro-entrepreneurs (legal entity);
- public entities or bodies, of direct and indirect administration, of the Federal, State, Municipal and Federal District spheres;
- private law foundations and associations;
- cooperatives;
- individuals domiciled and residing in the country, as long as they carry out economic activities and are duly registered, such as truck drivers and rural producers;
- consortia and condominiums that carry out productive activity; and
- unions and clubs
To apply for financing with BNDES resources, the client must meet the following minimum requirements:
- be up to date with fiscal, tax and social obligations;
- submit satisfactory registration;
- have the ability to pay;
- have sufficient guarantees to cover the risk of the operation;
- not be in a credit recovery regime;
- comply with import legislation, in the case of financing for the import of
- machines and equipment;
- and comply with environmental legislation.
Individuals or legal entities that:
- have a default with the BNDES System or are part of an Economic Group that
- have a default with the BNDES System;
- are responsible for the protested title (unless there is, at the discretion of BNDES, justified the protest occurred);
- are included in a legal proceeding that, at the discretion of the BNDES, may compromise the ability to comply with its obligations to the BNDES;
- have registration notes indicating persistent default or restrictions on their suitability;
- or are undergoing bankruptcy, composition or judicial or extrajudicial recovery.
Legal entities whose controllers fit the above restrictions cannot be beneficiaries either.
Customer size classification
The BNDES classifies its customers according to their size, which allows for an operation suited to the characteristics of each segment, through the offer of specific lines, programs and conditions. Support for micro, small and medium-sized companies, for example, is considered a priority by the BNDES, offering special conditions with the main aim of facilitating these companies' access to credit.
The size classification is performed according to the companies' Gross Operating Revenue (GOR) or according to the annual income of individual customers.
CLASSIFICATION GROSS ANNUAL OPERATING REVENUE OR ANNUAL INCOME
- Microenterprise Less than or equal to R$ 360 thousand;
- Small company Greater than R$ 360 thousand and less than or equal to R$ 4.8 million;
- Medium company Greater than R$ 4.8 million and less than or equal to R$ 300 million;
- Big company Bigger than R$ 300 million.
Observation: when the company is part of an economic group, the size classification will consider the consolidated ROB of the group. Direct public administration entities are not classified by size and, for the purposes of financial conditions, are equated with large companies.
how to apply
The client can request financing directly from BNDES (direct support) or through accredited financial institutions (indirect support). The form of support depends on the purpose and amount of the funding. In indirect support, the BNDES' partner financial institutions act as intermediaries in granting the financing, assuming the credit risk (risk of non-payment by the client) in whole or in part. As the BNDES does not have branches, indirect support allows its resources to reach clients in all municipalities in Brazil through financial institutions.
In general, all financing operations for the isolated purchase of machinery and equipment are carried out in the form of indirect support, as well as financing of less than R$ 10 million intended for projects for the implementation, modernization and expansion of projects. Financing in excess of R$ 10 million can be applied for directly with BNDES.
But watch out: BNDES does not recognize or accredit consultants (individuals or legal entities) as intermediaries to facilitate, expedite or approve credit operations.
In order to clarify what “direct support” and “indirect support” are, Click here.
What can I finance through BNDES?
- investments for implementation, expansion, modernization and/or recovery of enterprises, infrastructure, companies and public and private institutions, including studies, projects, civil works, installations, training, among others;
- production or acquisition of new machinery and equipment (including utility vehicles
- rivers, buses, trucks and aircraft), of national manufacture and accredited by BNDES; new goods, inputs, services, software;
- working capital;
export of national goods and services; - and acquisition of imported goods and services and hospitalization expenses (through lines and specific conditions for this purpose), provided that there is proof that there is no similar domestic product.
See the full list of what can be financed at BNDES Finem.
And learn all about the machinery and equipment financing and what the BNDES no finance, clicking here.
Other information
On actions related to the coronavirus pandemic: know more.
online services: know more.
To apply for your funding, access.
Billing information for customers: access.
Contact
Call Center 0800 702 6337
Information on BNDES products, services and other operational matters. The service is from Monday to Friday (except holidays), from 8 am to 8 pm.
Outside connections: +55 (21) 2052- 6337
ombudsman 0800 702 6307
Complaints, suggestions and thanks/compliments in the 1st instance or even complaints, requests and unresolved questions through the Call Center, from Monday to Friday (except holidays), from 8 am to 8 pm.
SIC 0800 887 6000
Requests for public information about the BNDES' activities, supported by the Access to Information Law. The service is from Monday to Friday (except holidays), from 8 am to 8 pm.
Audit Committee
Complaints or information related to the Audit Committee's activities, such as non-compliance with legal and regulatory provisions; fraud, accounting irregularities, non-observance of internal controls, performance of internal or independent audits. The service is from Monday to Friday (except holidays), from 10 am to 6 pm. know more.
For addresses and other contact channels, access.
before hiring
Before any final decision, it is valid to inform yourself about all the details of each of the contracts. Understand the bank's conditions and existing alternatives. As well as gaining clarity if this is really the best time for it.
Here at Digital Seguro we have a wide variety of articles and news covering everything from everyday events to extensive and dense content, whose objective is precisely to keep you provided with all the necessary information for you to make the best decision for your situation. specific. For more about financing.
our page financing and loan simulation.
See too: Financing Banco BV: everything you need to make the right choice.
