The Pronampe – National Program to Support Microenterprises and Small Businesses was created by the federal government in response to the Covid-19 pandemic.
Since May 2020, micro and small businesses have had valuable assistance to settle debts and make improvements to their businesses.
The program’s success was so significant that it has continued even after the containment of the pandemic.
What is Pronampe?
Pronampe is a government-backed credit line that was established in 2020 to provide support to micro and small businesses.
This credit can be utilized as working capital for various purposes, ranging from covering expenses to acquiring machinery and replenishing stock.
The inclusion of individual microentrepreneurs (MEIs) in the program in the previous year further broadened its reach.
As of 2023, around 5.3 million companies are eligible to participate in Pronampe, according to data from the Federal Revenue.
Eligibility: Who Can Access Pronampe?
The program is designed for several business categories, including MEIs, microenterprises (ME) with an annual gross revenue of up to R$ 360,000, small businesses (EPP) with gross revenue up to R$ 4.8 million, and even medium-sized businesses with gross revenue up to R$ 300 million.
Amount and Conditions: How Much and How to Obtain?
The amount of credit granted varies based on certain criteria.
The company’s annual revenue reported to the Federal Revenue is a key factor, limiting the loan to 30% of that value.
Additionally, the time of operation of the business also influences the loan, allowing businesses with less than a year of operation to access up to 50% of their social capital or 30% of their monthly revenue from the initial months.
Term and Rates: How Does Repayment Work?
The repayment period for the credit begins after 12 months, and it can be divided into as many as 72 installments.
Previously, the maximum repayment term was 48 months, but it was extended due to difficulties faced by borrowers. The maximum interest rate is based on the Selic rate, with an additional 6%, totaling 19.75% per year.
2023 Rules: Innovations and Changes
The 2022 version of Pronampe brought several innovations, including the inclusion of MEIs and the ability to lay off employees. Additionally, the requirement for certain certificates and documents was eliminated, streamlining the application process.
Step-by-Step Guide: How to Apply for Pronampe 2023
To access Pronampe in 2023, it’s necessary to find a financial institution accredited by the program and share the company’s information through the Federal Revenue website. Follow these steps to simplify the process:
- Find an accredited financial institution
- Access the GOV.BR website with the company representative’s CPF.
- Click on “PRONAMPE” in the top menu.
- Authorize data sharing and initiate a new authorization.
- Enter the information of the chosen financial institution.
- Grant authorization for data sharing.
Eligibility for Entrepreneurs with Negative Credit and Use of Funds
It’s important to note that entrepreneurs with outstanding debts are not eligible for Pronampe. Additionally, the received funds cannot be used for distributing profits among company partners.
Pronampe has proven to be a vital resource for boosting recovery and strengthening micro and small businesses in Brazil.
With favorable conditions and streamlined access, it continues to serve as a valuable tool for entrepreneurs seeking financial support for their ventures.
For the most updated information, we recommend consulting official government sources and financial institutions.
