BTG Pactual Launches Digital Credit Line Backed by FG BNDES-Sebrae Fund to Support Small Businesses

BTG Pactual has introduced a new fully digital credit line starting March 2024, specifically targeting micro and small businesses with annual revenues up to R$ 4.8 million. Supported by the FG BNDES-Sebrae fund, this initiative aims to facilitate access to financing for microentrepreneurs (MEI), microenterprises (ME), and small businesses (EPP).

The fund leverages over R$ 9.4 billion in credit, offering interest rates starting at 1.5% per month. Borrowers receive the option of a grace period up to 12 months and can repay loans over a period of up to 60 installments. Beyond financing, the initiative includes Sebrae consulting services to help entrepreneurs improve managing their businesses and encourage sustainable growth.

Décio Lima, president of Sebrae, highlighted that access to credit remains a significant hurdle for small ventures, especially due to guarantee requirements. He stated that the partnership with financial institutions will enable entrepreneurs to develop strategies for growth, job creation, and revenue enhancement. Lélia Brun, Sebrae director in Mato Grosso, also pointed out the persistent difficulties entrepreneurs, particularly women, face in securing capital to start or expand operations.

BTG Pactual becomes the fifth institution authorized to operate under the FG BNDES-Sebrae fund, following Bradesco, SENFF, BANDES, and Fomento TO. Rogério Stallone, BTG’s corporate credit partner, emphasized their commitment to building relationships with small enterprises and tailoring credit solutions to their needs. The fund reduces the need for additional guarantees, increasing credit accessibility and promoting local development.