Credits to monotributistas: from which banks you can request it and what conditions the loans have

2023-09-25 00:55:01
Facade of the Banco de la Nación Argentina in Buenos Aires, Argentina. File photo Sep 16, 2020. REUTERS/Agustin Marcarian

Since the new tranche of credits for monotributistas began, announced a little less than a month ago and which began to be deployed with greater speed in recent days, always depending on the fulfillment of certain conditions.

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What are the figures involved so far? The Ministry of Industry and Productive Development reported in the last few hours that the new financing line for microenterprises of the Argentine Credit program (CreAr) has already placed more than $15,000 million and is operational in public and private banks. CreAr allocates up to $6 million per credit to monotributistas throughout the country – 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).

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The line has 100% support from the Argentine Guarantee Fund (Fogar), which implies that the loans will not be evaluated by financial entities. The total amount of CreAr 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 onwards). In addition, the loan can be extended by 50% to companies with a positive history in Fogar.

The loans have a discounted fixed interest rate of 62.6% (annual nominal) that is subsidized by the Fondep trust and with guarantees from Fogar.

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The repayment period is up to 24 months. Each monotax category has ceilings, which depend on the income level. “The average installment of these loans, every $500,000, is $42,475,” Banco Ciudad exemplified. They also clarified that the credit rating will be based on the monotax category in force as of March 31. Applicants must present the MiPyME certificate, which is obtained by accessing the AFIP website with CUIT and tax code.”

There will be time until the last day of November to request loans for monotributistas. EFE

To access, monotributistas must request the loan from the corresponding bank and specify the intended amount. Through a sworn statement, applicants must certify that the money will be used “in investments that are related to their economic activity,” indicated by Productive Development, and they will also not be able to exceed “situation 2” in the Bank’s Debtor Center. Central.

A group of public and private financial entities already have the line of credit enabled in their portfolios, in a procedure that in most cases must be in person. “More than 7,000 operations have already been carried out 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,” they indicated from the portfolio headed by José Ignacio de Mendiguren. The loans granted, they mentioned, were for monotributistas linked to industry, agroindustry and commerce.

“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,” indicated Productive Development.