Productive Development reached an agreement with private companies to finance SMEs for $3,000 million via leasing

The Secretary of Small and Medium Enterprises and Entrepreneurs (Sepyme), William Meredizand the head of the Leasing Association of Argentina (ALA), Nicolás Scioli, met with representatives of the automaker Toyota Compañía Financiera and the banks Comafi and ICBC to advance in the execution of financing lines for productive assets via leasing.

“The financial inclusion of SMEs is a priority for us. We want to accompany them so that they continue to grow because more productive financing means more production and more work”affirmed the Minister of Productive Development, Matias Kulfas.

He added that “through this line we focus on leasing and articulate with different financial entities, public and private, so that more SMEs can access this instrument to finance the acquisition of goods.”

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For its part, Merediz He explained that “the objective is that more SMEs can take advantage of this important financial tool, since in addition to the operational, financial and tax benefits that the borrowing companies obtain, it provides the traceability that allows us to direct the financing to capital goods.”

While, Scioli highlighted that together with Sepyme “We have been working for a long time on this tool that allows deepening investment through leasing, particularly in everything related to productive assets, which will undoubtedly result in more production and employment.”

Amounts, rates and terms

The agreement as a whole includes 21 public and private financial entities that will finance productive assets of up to $75 millionwith a fixed rate of 24% Y terms up to 61 monthsinformed the Ministry of Productive Development.

Sepyme highlighted that this financing scheme is offered within the framework of the Funding Line for Financial Entities and Companies, which was launched at the end of last year with the aim of promoting the development of leasing.

According to data from the TO THE, The entities that will offer financing through this tool will have funds for $15,000 million; and micro, small and medium-sized companies that have a valid MiPyME certificate and carry out a productive investment project may be beneficiaries of the operations.

The implementation of this financing scheme occurs within the framework of the Funding Line for Financial Entities and Companies that was launched at the end of last year with the aim of promoting the development of leasing as an instrument for companies to access productive assets.

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