You have certainly heard of the Good Finance Insurance Corporation (Good Finance). But it is worth noting that it is not a commercial bank, but a public company. Created in 1952, Good Finance is a governmental instrument for long-term financing and investments, which can be from various segments of the economy.
Because of this, it can support entrepreneurs of all sizes, including individuals, in order to encourage innovation and regional and socio-environmental development, always assessing the impact it will have on the country’s economy and environment.
Can I be a customer?
The following may receive incentives from Good Finance: companies based in Brazil; individual entrepreneurs (individuals or companies); individual microentrepreneurs; public entities; private foundations and associations; cooperatives; individuals residing in the country, engaged in economic activities and duly registered; consortiums and condominiums engaged in productive activity; unions; and clubs.
It is still necessary to be up to date with social, tax and tax obligations; have the financial capacity to pay; have guarantees to cover the risk of the transaction; comply with environmental legislation; among other requirements.
What can I finance?
It is possible to use the resources to invest in the implementation, expansion, modernization and restoration of public and private institutions, infrastructure, covering projects, works, training, among others. It can also be used to manufacture or purchase machinery and equipment, including utility vehicles, buses, trucks and aircraft.
Financing also allows investment to be made in goods, inputs, services, software, working capital, exports of goods and national services. For the importation of goods and services, it must be proved that there is nothing similar in the Brazilian market.
Good Finance does not finance arms trade; motels and saunas; prognostic games; banking and financial activities, except those focusing on microcredit; mining sector projects that still use a primitive or mining process.
Also off the list are social projects that already receive some kind of tax incentive; real estate developments; the purchase of land and animals for resale. However, social actions and real estate developments may be contemplated if the financing is intended exclusively for working capital.
How can I apply for funding?
There are two ways to do this: one is directly to Good Finance (direct support) or through accredited financial institutions (indirect support). This will depend on the purpose and value of the financing.
- Indirect Support:
It is the most accessible since financial institutions act as intermediaries. They assume the risk of non-payment by the customer. Generally, this modality includes the purchase of machinery and equipment, as well as project financing to implement, modernize and expand projects, whose value is less than R $ 10 million.
The customer must state, in addition to the intended purpose and value, which items he or she intends to spend resources on and the business location. After that, the lender will provide you with the necessary documentation, analyze if the credit can be granted and also discuss the financing conditions and guarantees.
- Direct Support:
If the intention is to finance amounts over R $ 10 million, it may be made directly to Good Finance. However, the client needs to be enabled for this. Just fill out the Credit Analysis Information System. After that, the submission can be done directly through the Financing Application Roadmaps templates, which are available on the Good Finance portal.
So if you are interested in knowing more details on the subject, leave a comment below.