Investment Plan:

·         Work Capital.

·         Investment in Productive Assets.

·         Investment in Fixed Assets.

·         Liabilities Restructuration.

·         Other investment plans accepted by BCR.

Modality:

Applies for revolving lines of credit in checking account and direct credits.

Currency:

Colones
Dollars: Orly for currency generating customers that qualify as medium company.

Minimum amount to finance:

¢500.000,00 or $1.000,00

Maximum amount to finance:

The established by SUGEF 01-05, criterio 2

Interest rate:

Endorsement of the Finade or combination of other guarantees: the interest rate is defined based on the percentage more representative guarantee, in case of equality the conditions of the weakest guarantee apply, in sequence, personal guarantee, pledge, mortgage, values and endorsement of the Finade; for these three last ones the conditions of the mortgage apply.

(1) the indicated rates only apply when the guarantee of values covers 100% of the amount of the credit, opposite case, the same criteria of the guarantee applies.

Term and guarantee:

With personal guarantee: 5 años
With pledge: 7 años
With mortgage: 15 años

CAC* 1 Year: Payment 1 year
CAC* 1 Year: Payment 1 year
CAC* 3 Years: Payment 1 year

* Checking Account Credit

With endorsement of the Finade or combination of other guarantees: the term is defined based on the percentage more representative guarantee, in case of equality the conditions of the weakest guarantee apply, in sequence, personal guarantee, pledge, mortgage, values and endorsement of the Finade; for these three last ones the conditions of the mortgage apply.

It is also possible to receive values as total or complementary guarantee, the terms will be assigned based on the percentage more representative guarantee, as explained in the previous paragraph, up to 15 years.

Payment:

Preferably by monthly installments to capital and interest, however, when the technical study determines that a different mode of payment can be suitable, it is possible to establish it in accordance with the applicable norm.

Comisiones:

Formalization: 1.50%

Endorsement of the Finade 2.00% anual

Anticipated payment: 3.00% except when the customer pays with own resources or other BCR financing.

Period of grace:

The necessary according to the technical study.

Conditions:

·         The postulant for this credit must be previously qualified as Micro, Small or Medium Company in accordance with the parameters established in the Laws 8262 and 8634 that are detailed in the glossary of the administrative dispositions of credit of the BCR.

·         Fill up the necessary BCR and MEIC forms in order to have information about the economic activity.

·         The credits are analyzed in the commercial offices.

All studies of credit must be accompanied of a technical study to verify the information of the MiPyme's, the payment capacity and the investment plan.