As reported this Sunday by the Ministry of Economythe new line of credit for monotributistas aimed at microenterprises and productive investments, has already added more than 7,000 operations since its announcement, by the Minister Sergio Massa. It’s about the program Argentine Credit (CreAr)which is now available in public and private banks throughout the country, in which the Government has already placed more than $15,000 million to enhance the entrepreneurial profile and promote Argentine growth.
“This new line of credit is part of the latest measures implemented by the minister Sergio Massa and that aim to offset the impact of the devaluation imposed on us by the IMF with concrete measures for workers and workers, SMEs and monotributistas. But it is also part of the spirit with which we launch Create and that aims to guarantee financing for the entire productive life cycle, whether it is a large company or a microenterprise that is beginning to take its first steps,” highlighted the Secretary of Industry and Productive Development of the Nation, José Ignacio de Mendiguren.
Credits for monotributistas: they add more operations for $15,000 million
The undersecretary of the Small and Medium Enterprise of the Nation, Tomás Canosa, added that “the line for monotributistas is already in force in public and private banks, with a strong investment from the national State to accompany, for example, a plumber so that he can buy tools to an accountant who needs to buy a computer to work. “We continue to add banks from all over the country so that everyone can access these loans more quickly.”
CreAr for productive microenterprises aims to monotributistas from the entire country up to $6 million per loan – depending on the category – to finance the purchase of equipment, tools and other productive needs.
The loans are aimed at all categories of monotributistas, they will have a term of 24 months with a fixed rate throughout the credit and a bonus of 60 points from the Argentine Guarantee Fund (FONDEP). In addition, they have 100% backing from the Argentine Guarantee Fund (FOGAR), which implies that the loans will not be evaluated by financial entities.
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Credits for monotributistas: how to access, requirements and amounts
The total amount of the line Creating Productive Microenterprises is $180,000 million. The minimum amount that can be accessed per credit is $50,000 and the maximum varies depending on the monotax category (up to $1,200,000 for categories A and B, up to $2,000,000 for C, D and E and up to $4,000,000 for F and above). In addition, the loan can be extended by 50% to companies with a positive FOGAR history.
To apply for the credit, monotributistas must request the loan from the corresponding bank and specify the intended amount; Through a sworn statement, certify that the money will be used in investments that are related to your economic activity and not exceed “situation 2” in the Central Bank’s Debtors Center.
Public and private banks throughout the country have already joined the line, in some cases with the possibility of requesting credit online, in the banking entities of each taxpayer.
They have already been done more than 7,000 operations in banks Nación, Credicoop, Banco de Corrientes, Banco de la Ciudad de Buenos Aires, Banco de La Pampa and private banks such as BBVA and Santander. The BNA granted loans for more than $7,000 million. The loans granted were for monotributistas linked to industry, agribusiness and businesses.
The call for productive microenterprises that want to access credit will be valid until November 30, 2023 and is also now available at the Banco de la Provincia de Buenos Aires, Banco de Córdoba and Banco Municipal de Rosario. It will soon also be operational in Banco de Chubut, Banco de Entre Ríos, Banco de Formosa, Banco Industrial, Banco de Neuquén, Banco Patagonia, Banco Rioja, Nuevo Banco de Santa Fe, Banco de Santa Cruz, Banco de Tierra del Fuego, Banco San Juan and Comafi. In addition, the line is in the process of being implemented in other banking entities.
What is the Argentine Credit Program (CreAr) for monotributistas
Argentine Credit (CreAr) It is the largest financing program in the country’s recent history, it was launched at the end of last year and already has an investment of 1 billion pesos.
Since its launch, CreAr granted loans to SMEs throughout the country. 62% was allocated to projects outside the AMBA, which allows the federalization of credit to be consolidated. In turn, the program promotes job creation and boosts exports, since 65% of the companies that received financing increased their employment and more than 20% exported their production in 2022.
This tool also seeks to guarantee financial inclusion through the granting of guarantees from the National State.
The program includes lines with public banks, such as BNA, Banco Argentino de Desarrollo BICE and provincial banks, private banks, direct loans from FONDEP, and lines specially designed for MiPyMEsmedium and large companies, import substitution, strategic sectors, expansion of exports, or acquisition of capital goods through leasing, among others.
Source: Ambito
