Banks and Sebrae announce a R$30 billion credit line to micro-investment enterprises (MEIs).

The National President of Sebrae, Decio Lima, confirmed the creation of a credit line worth R$30 billion for individual small entrepreneurs (Small information institutions) from the state. Resources will be provided in December or early next year.

Read more: Desenrola Brasil: Find out how long the debt renegotiation program lasts

The project is a partnership between Sebrae and the Public Innovation Agency (Finep) with large Brazilian financial institutions, such as Banco do Brasil, Caixa Econômica Federal and Banco Nacional do Desenvolvimento Econômico Social (BNDES).

The Sebrae president expected that the R$30 billion available would correspond to the total credit provided to small entrepreneurs over the past 28 years. The new product was created to commemorate the 15th anniversary of the launch of MEI in Brazil, which was celebrated on December 19.

The country currently has more than 15 million small business owners in activity. The growth of this method has accelerated in the past three years, as many companies were created and/or formalized during the Covid-19 pandemic.

Unfold MEI

Decio Lima took the opportunity to announce that the federal government plans to create a new phase of Desenrola Brasil’s debt renegotiation program, this time with exclusive terms for small entrepreneurs with negative debt. The new feature is supposed to reach about 6,000 companies.

This information was expected by the Minister of Small and Micro Enterprises, Marcio France, who stated that the version for debtor companies should be issued at the beginning of 2024. He also went on to say that new measures for entrepreneurs will be created after the approval of the tax reform, such as the expansion of the MEI cap. And Simples Nacional.

France said: “After the tax reform, this will be more than necessary because with the reform, some existing benefits will no longer exist and will have to be compensated by new rules that we intend to introduce from the beginning of the year.” .