BNDES lent $12 mm to finance company salaries

BNDES reported that it approved R$ 66 million ($12 million) in loans to 3,770 companies. On average, the value of loans granted is R$ 17,500 ($ 3K) per company. The salary financing program is intended only for small and medium-sized companies, with annual revenues between R$ 360 thousand ($65 K) and R$ 10 million ($ 1.8 million).

Source: G1