What is it? The Argentine Fund for the Development of Micro, Small and Medium Enterprises grants flexible loans for investment projects, working capital, and better energy efficiency by SMEs, with a lower interest rate than available in the market.
MODALITIES: Companies may access credit under preferential conditions through three lines: STRATEGIC PRODUCTION, COMPETITIVE ENHANCEMENT, and ENERGY EFFICIENCY.
Investment Financing – STRATEGIC PRODUCTION
Finances the development of investments related to the purchase of working capital, facilities or construction of production plant, and that create new jobs.
Projects |
Term |
Interest Rate |
|
Between AR$100,000 and AR$3 million |
Up to 7 years |
16% fixed, annual rate in Argentine pesos during the first 36 months of credit and variable rate for the remaining term. |
Working Capital Financing – COMPETITIVE ENHANCEMENT
Grants working capital loans to purchase raw material for production, payment of staff wages, and operation costs, provided they are associated with the regular operation of the company.
Projects |
Term |
Interest Rate |
|
Between AR$100,000 and AR$1.5 million |
Up to 3 years |
18% fixed, annual rate in Argentine pesos |
Financing for ENERGY EFFICIENCY
Grants loans to SMEs for investment projects intended to optimize energy use.
Projects |
Term |
Interest Rate |
|
Between AR$100,000 and AR$2 million (up to 70% of the project) |
Up to 7 years |
9% fixed rate in Argentine pesos |
How to Apply: Companies whose total annual sales do not exceed the amounts set in the SME CLASSIFICATION chart and that comply with the provisions set forth in Resolution 11/2016 may apply. SMEs may take part in the process through the online system designed for STRATEGIC PRODUCTION and COMPETITIVE ENHANCEMENT by clicking here. For ENERGY EFFICIENCY, click here.
More information:
Contact: Management Office – Reception Desk:
Misiones: San Martin 1495, Posadas. Mondays through Fridays, from 7 a.m. to 12:30 p.m.
Phone: 376 444 7580
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Buenos Aires: Mondays through Fridays, from 10 a.m. to 5 p.m.
Phone: 0800 333 7963; (011) 4349.3900 (extension 21439)
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Content Download
Form Completion Guide Download
Project Sample Download
Regulations
Law No. 25300
Decree No. 1074/01
Decree No. 1633/02
Resolution by the Office of the Secretary of SMEs and Regional Development (SPMEDR) No. 357/15
Resolution by the SEPyME No. 7/16
Resolution by the SEPyME No. 8/16
Resolution by the SEPyME No. 9/16
