Credits of up to $ 1,450,000 for independent workers: what are the requirements and how to access

09/15/2021 6:01 AM

• Clarín.com

• Services

Updated 09/15/2021 6:01 AM

Through

Provincia Microcredits,

Banco Provincia offers independent workers in Buenos Aires the possibility of obtaining a loan of

up to $ 1,458,000

in up to

60 installments

with minimum requirements, in order to "achieve their objectives and develop their productive capacities. ".

The people who can access the loans from

Banco Provincia

are independent workers or entrepreneurs who reside in Buenos Aires and the Autonomous City of Buenos Aires and who carry out a

commercial, service or production activity

, whose destination of the loan is for

working

or

investment

capital

productive

oriented to entrepreneurship.

What is the credit for independent workers

As mentioned above, Banco Provincia is in charge of carrying out the loans through the "Provincia Microcredits" that can be financed in up to 60 installments.

The main objective of this delivery is that workers who do not depend on anyone can access an amount of money

to achieve what they set out to do

and develop their productive capacities in the best possible way.

The credits are intended for independent workers who carry out a commercial, service or production activity.

Photo: Archive.

What are the six credit lines of Banco Provincia's credit

.

Traditional Line.

The money requested may be used for

working capital:

purchase of materials and services necessary to carry out the daily activity of the microenterprise, in terms of

6 to 36 months

.

Or to

productive investment

: purchase of machinery, vehicles, equipment and building improvements that allow the growth of the micro-business, in terms of

12 to 60 months

.

The

conditions

are: 50% rate, amounts up to $ 1,458,000, prepayable from installment 5 at no cost and monthly, fixed and peso installments.

.

Agro.

For agricultural producers who need to invest in exchange and purchases of equipment or inputs for their production.

The

conditions

are: adaptation of quotas to the productive cycles -monthly, bimonthly, quarterly or semi-annual quotas-, up to 60 months term, 50% rate, amounts up to $ 1,458,000, grace period of up to 6 months for pig farming , horticulture, egg production and beekeeping.

.

Municipal Agreements.

Lines of financing for local entrepreneurs, through the signing of municipal agreements who provide the rate subsidy.

The

conditions

are: general preferential rate of 35% and 33% for enterprises led by women, without granting commission, amounts up to $ 1,458,000, for productive investment or working capital.

.

Productive Recovery.

As a result of the agreement signed with the Ministry of Production of the Province, they offer a new line of credits at a preferential rate for

monotributistas or registered managers

whose activities appear as productive and are registered in ActiBA (Emergency Tax Assistance Program).

The

conditions

are: special rate 35%, without commission, term up to 60 months, amounts up to $ 1,458,000, businesses that are physically located in the Province of Buenos Aires (does not include CABA).

.

Entrepreneurial Women.

Credits at a preferential rate for women monotributistas or registered managers whose activities appear as productive and are registered in ActiBA (Emergency Tax Assistance Program).

The

conditions

are: 33% special rate, without granting commission, term up to 60 months, amounts up to $ 1,458,000, enterprises that are physically located in the Province of Buenos Aires (does not include CABA).

.

Incubator.

Credits for those who are starting in the activity.

First link with Banco Provincia.

The

conditions

are: minimum requirements, 6 months carrying out an activity independently, term up to 12 months, amounts up to $ 29,160, upon completing one year of activity, the client accesses all the credit lines of Provincia Microcredits.

Credits can be returned in up to 60 installments.

Photo: Archive.

What are the requirements to access the credit of up to $ 1,450,000?

• Be an independent worker.

  
  

• Have been in business, trade or activity for 6 months.

  
  

• Develop the activity within the scope of the Province of Buenos Aires or the Autonomous City of Buenos Aires.

  
  

• Have a good business record.

What are the credit bases

All credits have certain rules in order that everything is clear from the first moment and that the applicant knows if he can be part or not.

These are:

• The credit can be financed in up to 60 installments (months).

  
  

• The quotas will be adapted according to the production cycles.

  
  

• The value of the loan is capped at $ 1,458,000.

  
  

• Competitive rates, fixed and in pesos.

  
  

• If an early cancellation is carried out, it will be free of charge.

How to simulate credit

To simulate the cost of the credits or amount, those interested may enter

https://www.provinciamicrocreditos.com/productos

Once the corresponding credit has been chosen, they can enter their personal data and request from there that the bank communicate.

LN

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