PRIMERA ESTRATEGIA EAC

One of the government grants to which employers can access consists of:

• Payroll financing

• Direct credit from Bancóldex

• Direct credit from the National Guarantee Fund

• Direct credit with Fedegan

Who will be able to access the government grants referred to in the text?

• Large industries

• Natural persons

• Small and medium-sized enterprises

• All market players

What are the benefits of accessing this direct credit program?

• Ten percentage point reduction in interest rate and grace periods of up to twelve months

• Reduction of five percentage points in the interest rate and grace periods of up to six months.

• Reduction of three percentage points in the interest rate and grace periods of up to four months.

• There is no benefit to accessing the direct credit program generated by the government.

Debt funds are considered as another type of credit generated by the government so that they can access:

• Family businesses and small businesses

• Small and medium-sized enterprises

• Large companies

• SMEs and large companies

The refinancing of microenterprise debts is another benefit created by the government entity where they have the right to:

• The extension of the maximum credit terms for all SMEs from 36 to 60 months

• The extension of the maximum credit terms for all SMEs from 20 to 40 months

• The extension of the maximum credit terms for all SMEs from 36 to 72 months

• Only for the period that the Covid 19 pandemic lasts

In conclusion, these tools announced by the Government "are an accolade for the country's productive apparatus because:

• Contributes to increasing the unemployment rate

• It makes it easier for organizations to acquire resources for the sustainability and growth of their business.

• It makes it easier for organizations to increase profits.

• It makes it easier for organizations to acquire resources and increase the level of indebtedness.