If you have made an investment together with the BICE S.A., we can also help you with our associated working capital line.
To an investment Project the BICE has funded or is funding.
Up to 20% of the the bankable project.
Finance term is up to 3 years.
In constant periodic payments, every six months as maximum.
Badlar Private Banks plus a margin of 550 bp.
At the BICE’s satisfaction.
Finance term is up to three (3) years, as from the disbursement date.
French or German
In constant periodic installments. Every six months maximum.
The beneficiaries may cancel the credit, wholly or partially, at any time. In such a case, it must give irrefutable notice to the BICE at least 5 five working days before the desired date of advance cancellation.
(*) For 3-year loans of 5,000,000 pesos. The pertinent Total Financial Cost (CFT in Spanish) estimations were made based on the “Badlar Private Banks” rate plus a fixed margin of 550 basic points (estimatation made for a B-category Enterprise). Taxes are not included. The French system was used to estimate the Total Financial Cost. Tax applied in the example: Badlar Priv. May 2018 Average = 28.2857%.