Credit Line 1 Million CVE

Following the success of the Credit Line launched in September 2014, BCA renewed the credit in the following years and offered more than 10 million CVE to SMEs, now with an even more attractive rate.

RATE

See the current pricing available at our agencies or in the pricing space here on the website: BCA pricing.

LINE OF CREDIT FOR SMALL AND MEDIUM-SIZED ENTERPRISES (SMEs)

The Credit Line created by BCA for Small and Medium Enterprises with the objective of financing new projects reached 10 millions of contos.

Beneficiaries:

Micro companies, individual entrepreneurs, small businesses and medium enterprises, of any sector of activity and located in national territory.

Goal:

• Expansion and modernization of companies;
• Formation of new companies;
• Import and marketing financing;
• Cash and cash equivalents.

Financial Terms:

• Maximum amount:
o It varies according to the size of the undertaking, the self-financing capacity and the ability to repay the project or the undertaking;
o Self-financing: minimum of 20%;

• Interest rate:
Variable Rate: BCAIndex + Spread, generating a rate that should not exceed 8.5%;

• Term:
o Due to the operation, up to a maximum of 10 years;

• Reimbursement:
o Preferably in monthly and consecutive installments, of Capital and Interest, beginning in the month following the end of the disbursement;

• Guarantees:
o Actual:
- Mortgage of immovable property and / or subject to records and respective insurance;
- Paid equipment and respective insurance;
- Security of financial investments (time deposits / shares / bonds);
- Income appropriation, executed by public deed and registered;
o Personal:
- Guarantee;
- Others that may be deemed necessary;

• Commissions:
o According to the price list in force;

• Eligibility of beneficiaries:
o Having (evidently) regularized situation with Social Security and Finance;
o Not have defaults in the Banking;
o Have Organized Accounting or Income Statement certified by the Ministry of Finance, as the case may be.

• Formalization of the request:
o The request for financing is presented by the client at a BCA desk;

LINE OF CREDIT OF 1 MILLION CVE INTENDED FOR MICROCREDIT ASSOCIATIONS.

Line of Credit created by BCA and aimed at the development and support of micro-credit;

Beneficiaries:

• Associations working with micro-credit, the final beneficiaries being micro-enterprises of any sector of activity and ENI.

Maximum Amount:

• To be defined after analysis of the Association;


Term of Operations:


• 6 months renewable through analysis.


The remaining conditions will be negotiated case by case, in the protocols to be signed between the Bank and the
Associations.

FOR BIG IDEAS IN BECOMING A BIG BUSINESS, BCA'S COMMITMENT TO CAPE VERDIANS IS THE SUCCESS.

And you can benefit from the advantages of the Economic Financing Ecosystem protocol.

Among other objectives, the Protocol aims to create the conditions for facilitating financing through a set of financial support mechanisms for Cape Verdean companies.

Quick Access

BECOME A BCA CUSTOMER

Learn the advantages of being a BCA customer, start here your relationship with our Bank.

FORMS

Here are the application forms to join the various products and services that BCA has at its disposal.

MARKETS

See the space dedicated to the Capital Markets in Cabo Verde.

BCA REAL ESTATE

Purchase an apartment, a house, a building, or a space for your business / office, through BCA.

2016 Banco Comercial do Atlântico, All Rights Reserved