Caixa Econômica Federal announced at the beginning of this week (11) that 2.1 million micro and small companies will be able to count on the reduction of interest rates. This is an important initiative that aims to help these companies to overcome the economic crisis in a more pleasant way.
According to the determination, interest may drop up to 33% satisfactorily in several lines of credit. With lower interest rates, companies will be able to invest in their activities and keep their businesses in full operation.
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More incentives for entrepreneurs
According to the bank, the measure aims to support micro and small companies that are responsible for most of the jobs in the country. In addition, Caixa will also offer a grace period for the payment of installments of loans contracted by companies. With this, it will be possible to reduce the financial impact caused by the crisis and allow companies to recover little by little.
The initiative is part of the package of measures announced by the federal government to help the business sector to establish itself in a positive way.
Caixa's action prioritizes the country's economic development
According to the President of Caixa, Maria Rita Serrano, the intention of these new strategies is to ensure that Brazil achieves adequate development. Also according to her, the bank is focused on acting intensively in other important government programs, such as the My home, my life and also the Bolsa Familia.
However, the reduction in interest rates announced at the Frente Parlamentar do Empreendedorismo event only took place due to an agreement established with the Confederation of Commercial and Business Associations of Brazil (CACB).
Companies will receive an incentive to take out lines of credit with rates starting at 1.21% per month. In addition, the equipment, as well as the purchase of machinery, can be financed at rates of 1.34% per month.
How Caixa’s interest rate reduction can help micro and small businesses
With the economic crisis, many companies are facing financial difficulties. To help alleviate the situation, Caixa Econômica Federal announced the reduction of interest rates for loans to micro and small companies.
The reduction in interest rates can be a great opportunity for these companies to organize themselves financially and invest in new strategies. With the possibility of securing loans with lower interest rates, it is possible to increase working capital, invest in marketing and advertising, in addition to seeking new suppliers and customers.
It is important to remember that these loans must be used with responsibility and planning, to avoid excessive debt. Even so, this Caixa measure can be a light at the end of the tunnel for many micro and small companies that are struggling to survive.
