What is the 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 a central tool of the Federal Government 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 its modernization and expansion projects and in establishing new businesses. Always remaining guided by the potential for generating jobs, income and social inclusion for Brazil.
BNDES FINANCING
BNDES Microcredit
Microcredit is the granting of small loans to formal and informal microentrepreneurs, normally without access to the traditional financial system.
Who has the right?
BNDES Microcredit resources can be obtained by individuals and legal entities engaged in small scale productive activities, that is, those who earn gross revenue equal to or less than R$ 360 thousand in each calendar year.
Resources 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
goal
Financing the production and acquisition of domestic machinery and equipment accredited by the BNDES.
Process
In general terms, the simplified financing flow follows the following steps, with some variations, depending on the line:
- Interested parties choose the machine or equipment they wish to purchase and check whether the item is on the list of equipment financeable by BNDES Finame. You can check this in BNDES website.
- The interested party looks for 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 financing request 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/finance.
- The manufacturer or authorized distributor delivers the machine or equipment to the purchaser.
- The 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 manufacturer or authorized distributor of the equipment.
BNDES FGI
Guarantee for your business
The BNDES FGI aims to make it easier for micro, small and medium-sized companies to obtain credit, as well as individual entrepreneurs and self-employed truck drivers, thus encouraging them to grow and modernize.
When applying 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 take out the desired loan, or lead to the approval of a loan under conditions that are less favorable than ideal, considering variables such as grace period and amortization, interest rate and down payment.
It is in this scenario that the BNDES FGI fits. By complementing the guarantees offered by companies, the BNDES FGI increases the chances of approval of credit requests, thus being 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 domestic machinery and equipment, expansion projects for production units, acquisition of domestic software, production aimed at exports, among others. know more.
Who can be a customer?
Each BNDES financing instrument is intended for one or more customer profiles, including:
- companies headquartered in Brazil;
- individual entrepreneurs (individuals with CNPJ)
- individual micro-entrepreneurs (legal entity);
- public entities or bodies, of direct and indirect administration, at the Federal, State, Municipal and Federal District levels;
- private law foundations and associations;
- cooperatives;
- natural persons domiciled and resident in the country, provided they carry out economic activities and are duly registered, such as truck drivers and rural producers;
- consortiums and condominiums that carry out productive activities; It is
- unions and clubs
To request financing with BNDES resources, the client must meet the following minimum requirements:
- be up to date with fiscal, tax and social obligations;
- submit a satisfactory record;
- be able to pay;
- have sufficient guarantees to cover the risk of the operation;
- not be in a credit recovery regime;
- comply with the legislation related to importation, in the case of financing for the importation of
- machines and equipment;
- and comply with environmental legislation.
Individuals or legal entities cannot be beneficiaries of BNDES financing who:
- are in default with the BNDES System or are part of an Economic Group that
- are in default with the BNDES System;
- are responsible for the protested title (unless, at the discretion of the BNDES, the protest occurred is justified);
- appear in a lawsuit that, at the discretion of the BNDES, may compromise the ability to fulfill its obligations to the BNDES;
- have registration notes indicating persistent default or restrictions on their suitability;
- or are in the process of bankruptcy, composition or judicial or extrajudicial recovery.
Nor can beneficiaries be legal entities whose controllers fit the restrictions above.
Customer size classification
The BNDES classifies its customers according to size, which allows for adequate performance to the characteristics of each segment, through the offer of lines, programs and specific 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 carried out according to the Gross Operating Revenue (ROB) of the companies or according to the annual income of individual customers.
CLASSIFICATION OF ANNUAL GROSS OPERATING REVENUE OR ANNUAL INCOME
- Microenterprise Less than or equal to R$ 360 thousand;
- Small business Greater than R$ 360 thousand and less than or equal to R$ 4.8 million;
- Medium Enterprise Greater than R$ 4.8 million and less than or equal to R$ 300 million;
- Large company Larger 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. Entities of the direct public administration are not classified by size and, for the purposes of financial conditions, are equated to large companies.
How to apply
The client can request financing directly from the BNDES (direct support) or through accredited financial institutions (indirect support). The form of support depends on the purpose and amount of funding. In indirect support, BNDES partner financial institutions act as intermediaries in granting 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 for implementation, modernization and expansion projects. Financing in excess of R$ 10 million can be requested directly from the BNDES.
but attention: 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 is “direct support” and “indirect support”, Click here.
What can I finance through BNDES?
- investments for the implementation, expansion, modernization and/or recovery of undertakings, 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), manufactured in Brazil and accredited by the 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 specific lines and conditions for this purpose), provided there is proof that there is no similar national product.
See the full list of what can be funded at BNDES Finem.
And learn all about machinery and equipment financing and what the BNDES no finance, clicking here.
Other information
About 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. Service is available from Monday to Friday (except holidays), from 8:00 am to 8:00 pm.
Outside links: +55 (21) 2052- 6337
Ombudsman 0800 702 6307
Complaints, suggestions and thanks/compliments in the 1st instance, or even complaints, requests and unsolved doubts 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' operations, supported by the Law on Access to Information. Service is available from Monday to Friday (except holidays), from 8:00 am to 8:00 pm.
Audit Committee
Complaints or information related to the activities of the Audit Committee, such as non-compliance with legal and regulatory provisions; fraud, irregularities of an accounting nature, non-compliance with internal controls, performance of internal or independent audits. Service is available from Monday to Friday (except holidays), from 10:00 to 18:00. know more.
For addresses and other contact channels, access.
before hiring
Before making any final decision, it is worth finding out about all the details of each of the hires. Understand the conditions of the bank and existing alternatives. As well as gaining clarity on whether this is really the best time to do so.
Here at Digital Seguro we have a wide variety of articles and news that range from everyday events to extensive and dense content, whose objective is precisely to keep you provided with all the information necessary for you to make the best decision for your situation. specific. For more on financing.
our page financing and loan simulation.
See too: Financing Banco BV: everything you need to make the right choice.
