BNDES suspends loan collection for small business

The National Bank of Economic and Social Development (BNDES) confirmed on Thursday, 29, that will reissue the suspension of debt collection from small and micro enterprises. The measure affects companies with annual turnover of up to R$ 4.8 million ($870k). BNDES estimates that about 100 thousand companies may benefit. With the suspension for six months, R$ 2.9 billion ($527 mm) will no longer be collected, according to the bank’s calculations.

Source: UOL Economia