New program reduces debts by 90% to avoid 60,000 bankruptcies in ES | Online Tribune

Launched by the federal government, the Clique program promises to give micro and small businesses a boost and prevent more than 60,000 bankruptcies in Espírito Santo.

The program has four axes, one of which is called Believe in Your Business and will have a version of Desenrola, a debt renegotiation program for micro and small companies and a credit program for this audience.

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“In this Development, the average will be more or less equivalent to Band 2 of the Individual Development. The average is equivalent to 40%, with peaks of 90% discount in relation to the person’s problems. So, it is a significant discount, which allows people to pay off their debts”, said Márcio França, Minister of Entrepreneurship, Microenterprise and Small Businesses.

In Espírito Santo there are 295,134 MEIs, 140,461 micro-enterprises, 24,965 small companies, totaling 460,560, according to the Brazilian Micro and Small Business Support Service (Sebrae).

For the president of the Labor Relations Council of the Federation of Industries of Espírito Santo, Fernando Otávio Campos, in this universe, around 60 thousand companies are at risk of bankruptcy, due to very high debts, which corresponds to 15% CNPJs.

“Many people created their MEIs and took out financing to invest in the business and, due to lack of training and economic problems, they get lost in debt.”

Rodrigo Sangali, technical director of the Federation of Associations of Microenterprises and Small Businesses of the State (Femicro-ES), says that by regularizing their debts, entrepreneurs can recover their relationships with suppliers and financial institutions, restore their cash flow and return to compete in the market.

Fecomércio-ES positively evaluates programs that seek to encourage the development of micro and small entrepreneurs, who today represent more than 90% of businesses in the commerce, services and tourism segments.

For accountant Mônica Porto, the Believe program represents a beacon of hope, especially for women entrepreneurs in the country. “The provisional measure not only facilitates debt renegotiation for MEIs and micro-enterprises, but also introduces ProCred 360, which offers special conditions for loans.”

The coordinator of the Entrepreneurship Chamber of the Regional Administration Council (CRA-ES) Glaucio Siqueira stressed that the program is a way to alleviate the moment, but it does not solve it. “There must be actions so that the borrower has the capacity to pay the debts in the future”.

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Believe Program

The federal government program has the potential to unlock up to R$30 billion in credit.

The intention is to improve economic development, encouraging investment and creating jobs.

In Espírito Santo there are 460,560 MEIs, micro-enterprises and small businesses, according to Sebrae.

The initiative that could prevent the bankruptcy of around 60 thousand is based on four axes. Are they:

Axis 1 – Believe in the First Step

This is microcredit for those registered in the Single Registry for Social Programs of the Federal Government (CadÚnico) who wish to open or expand their businesses.

The partner banks of the National Oriented Productive Microcredit Program (PNMPO) will offer the credit lines, with coverage of up to 100% of the operation and a limit of R$80,000.

At least half of the resources will be allocated to women.

The Operations Guarantee Fund (FGO) will guarantee operations, with an initial contribution of R$1 billion, with R$500 million in 2024.

Axis 2 – Believe in Your Business

This is a version of Desenrola for MEI, micro and small companies and a credit program for this audience.

Breakdown: defaulted debts with the National Support Program for Micro and Small Businesses (Pronampe) renegotiated by the end of this year may be counted as presumed credit from banks from 2025 to 2029.

Accountant Mônica Porto explained that presumed credit is a tax benefit that allows entities (in this case, banks) to reduce the amount of tax payable. In this context, it means that banks that renegotiate debts can record the renegotiated amounts as a type of credit in their fiscal balance sheets. This credit can be used to reduce taxes payable between 2025 and 2029. This way they would pay less taxes.

Credit to MEI, micro and small entrepreneurs

ProCred 360 Line: interest set at the basic interest rate of the Selic economy, plus 5% per year. Possibility of paying interest during the grace period, even before paying the first installment. Loans start in 60 days.

Discount on the Emergency Credit Access Program (Peac):

20% reduction in the Warranty Grant Charge (ECG).

– Valid for up to medium-sized companies, with revenues of R$300 million per year.

Increase in the maximum value of loans, of 50% of annual gross revenue, for companies with the Women Emprega Mais Seal, which have women as majority shareholders or managing partners.

Pronampe

Companies in default with Pronampe can renegotiate debts with banks, even after the institutions have taken assets given to cover defaults.

Sebrae

This public can also access credit by adhering to the guarantee with financial institutions through Sebrae. On the website sebrae.com.br, on the Conscious Credit page, the options are available. After making the choice, the interested party must look for the financial institution.

The forecast is to grant up to R$30 billion over the next three years.

Axis 3 – Believes in Real Estate Credit

It allows the Asset Management Company (Emgea) to acquire credits and securities from the real estate market to incorporate into its portfolio. This increases the liquidity of this market. The state-owned company was created in 1990 to manage “bad” bank assets, according to Agência Senado.

According to the federal government, this would mainly benefit middle-class families, who are impacted by the drop in credit supply from the Brazilian Savings and Loan System (SBPE).

Axis 4 – Eco Invest Brasil

The External Private Capital Mobilization and Exchange Protection Program (Eco Invest Brasil) brings exchange protection solutions to foreign investments in sustainable projects, with the aim of attracting international investments.

It will also make credit available to finance projects aligned with ecological transformation that use foreign resources, according to Agência Senado.

Source: Senado Agency, federal government, Sebrae, experts and research The Tribune.

Analysis

“Jobs maintained and vacancies created”

“The release of credit for Micro and Small Businesses (mainly MEIs) is interesting for the economy. Some companies have tax debts and problems with payments to suppliers, due to the impact of the pandemic, so this credit will be welcome so that the entrepreneur can take a breather and continue with his business thriving.

Thus, jobs will be maintained, new jobs will be created and families will continue to maintain their quality of life and have the opportunity to prosper.

Many people need credit to be able to make investments, but it all starts with the question: How will this credit be used? Use credit to pay debts that have high interest rates, debts that are already in protest, settle tax debts, invest in machines, products for resale, increase business revenue.

Avoid money released for use in food, travel, clothing, accessories, for example.”

– Daniele Dornelas, accountant, financial educator and specialist in Economic Psychology