The loan is repaid in up to 24 months, with a 12-month grace period for the principal payment. The rate is 0% for the first 12 months and from month 13 to the end of the loan is 18% per year fixed.
Both Province of Culture and Province of Tourism have a rate discount through the National Productive Development Fund (FoNDeP) and with guarantees from the Argentine Guarantee Fund (FoGAr) and the Buenos Aires Guarantee Fund (FoGaBA).
The Province Tourism loans have a funding of $ 1,500 million and the maximum amount of the loan is the equivalent of up to 2 and a half months of sales of the applicant, with a ceiling of $ 10 million.
The monotributistas of categories A, B and C can access $ 50,000 and those of the other categories, up to $ 200,000. Among the activities included are hotels, campsites, travel agencies, restaurants, rotisseries, tourist motorized transport, catering services, spas, adventure tourism, organization of sporting events, carousels, theme parks and botanical gardens and zoos.
Meanwhile, the Province of Culture credits have funding of $ 800 million, they are destined to Buenos Aires MSMEs, except monotributistas.
The maximum loan amount is the equivalent of up to 2½ months of applicant billing, capped at $ 7 million.
The list of activities that can be benefited includes printing newspapers, newspapers, books, brochures and magazines; sale of books, CDs and DVDs, manufacture of musical instruments; photography, design, artistic teaching, ticket sales service, libraries, archives, production of musical, artistic or theatrical events and distribution or exhibition of films, among others.
The representatives of Buenos Aires MiPyMEs who want to request credits for the new lines must enter the respective links set up by the Banco Provincia for the Province of Culture and the Province of Tourism.
The new credits for Culture and Tourism in the province of Buenos Aires will be valid until March 31, 2022 or until the line quota is exhausted.
Source From: Ambito
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