Banco Macro supports SMEs with loans at a 24% rate to pay salaries

The bank responds to the economic and health emergency caused by the coronavirus. Provides special support to MSMEs companies

Since this Friday, Macro bench has new lines of credit in pesos available for MSMEs and human health service providers who provide inpatient service, in the framework of the health emergency following the pandemic by Covid-19.

SMEs may use the funds to pay salaries or financing working capital, the entity reported.

Health providers, for their part, must allocate the money for the purchase of hospital supplies or medical equipment.

The companies reached by these lines of credit, whose rate is 24 percent, may be financed by means of a current account agreement for up to 180 days, loans redeemable for up to 12 months -monthly or semi-annually-, single-payment loans of up to 180 days and a Check discount of Deferred payment up to 180 days.

In addition, capital and interest thanks may be granted for up to 9 months.

To make use of the line of credit for the payment of wages, the MSMEs must pay wages through Banco Macro. The maximum monthly amount to finance for this concept is equivalent to the amount of the payroll that you credit in our entity.

“SMEs are the creative source of labor and those that drive regional economies in Argentina, they are also our main clients in the business segment. For this reason, Banco Macro decided to go out with these special lines,” he assured. Miracle Medrano, Manager of Institutional Relations and Customer Service of Banco Macro.

For Banco Macro this is a message and a sign that we will continue to accompany our clients“he stressed.

“Like every day we at Banco Macro are working for our clients. Even in these difficult times that require more effort from each of our 8,672 employees. The current situation presents us with enormous challenges and leads us to search for new solutions. for the new problems raised, “the bank said in a statement.

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