What financing options are there for entrepreneurs?

In Argentina, the Ministry of Productive Development of the Nation offers a number of programs financing for entrepreneurs, depending on the type of freelance work they are doing. In 2021, the Government approved one million loans to micro, small and medium-sized companies, monotributistas and autonomous.

There are different ways to access it. finance a entrepreneurship and it must be taken into account that the date of the call remains open, since, otherwise, projects will not be received or analyzed during that period. Three of the most popular programs are currently closed: the Seed Fund, which is for a new idea or project; the Acceleration Fund, for a growing project, and the Expansion Fund, in case the entrepreneurship can be expanded locally, regionally or globally.

The Seed Fund is for ventures productive or projects that have a social, environmental and/or gender perspective impact. The amount can reach up to $250,000. The Acceleration Fund is for social or scientific technology, and grants an amount of up to US$ 50,000 for social and technological and up to US$ 300,000 for scientists, while the financing of the Expansion Fund It depends on the characteristics and needs of the entrepreneurship.

Credit options for entrepreneurs

Currently, there is the possibility of accessing a microcredit, which is aimed at people over 18 years of age or associative groups of the Popular and Solidarity Economy who have some difficulty and need a credit.

The requirements are: to be of legal age, to make a brief description of the activity and the destination that would be given to the microcredit and to be developing an economic activity. To obtain it, you must contact the Microcredit Institution (IM) closest to your home, where you will receive advice on the possibilities of accessing the financing. Later, the promoters of credit They will evaluate the request and communicate the steps to follow.

On the other hand, you can also access “Impact Entrepreneurs PAC”, which offers a Non-Refundable Contribution (ANR) of up to 85% of Projects seeking improvements in society and the environment. The amount will depend on the level of implementation of the draft, with a maximum of up to $2,000,000.

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The draft presented, in addition to what has already been mentioned, should be oriented towards the generation of new and innovative solutions with an impact at the local, regional or provincial level and the creation of new products or services that seek to satisfy the demands of the local productive framework. Likewise, when presenting it, one must choose a Entity Specialized in Entrepreneurial Support, which will provide technical assistance. The time to apply for the project is until June 11 at 23:59.

The requirements to obtain subsidy are: having a valid MiPyME certificate, being entrepreneur or have a entrepreneurship registered in the Federal Administration of Public Revenues (AFIP) and have surety insurance in case of requesting an advance from the approved ANR.

Another option is the “PAC Entrepreneurs for Innovation”, which offers an ANR of up to 85% for financial the entrepreneurship, which must “introduce innovative changes in products, services or processes and/or offer solutions based on industry 4.0 through the application of new knowledge and/or technologies with the aim of strengthening value chains, you can access financing through an ANR”, according to the Government website.

The amount will depend on the level of implementation of the draft, with a maximum of up to $3,000,000. In addition, the Projects presented must be oriented towards the development of technological services and activities linked to industry 4.0, types of innovations based on new technologies to improve the productivity of the entrepreneurship and provide products that strengthen value chains and contribute to productive development.

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Same as him “Impact Entrepreneurs PAC”, when presenting the draft a Specialized Support Entity must be chosen Entrepreneur for technical assistance. The requirements are: to have a valid MiPyME certificate, to be an entrepreneur or to have a business registered in the AFIP with zero sales or less than two years and to have surety insurance in case of requesting an advance payment from the approved ANR.

You can also access the financing for “Dynamic Entrepreneurship”, for which there is time to apply until March 31. Is for ventures who “need to launch a project to launch themselves on the market or consolidate and strengthen their business”. You can apply to access a ANR of a maximum amount of $3,000,000 (dynamic technology-based and/or traditional ventures) or up to $5,000,000 (dynamic science-based ventures).

The requirements to obtain financing are to have certificate MSMEs current; be a legal person whose date of registration with the AFIP does not exceed 7 years at the time of presenting the project or be a human person whose activity related to the enterprise has a registration date with the AFIP that does not exceed 7 years at the time of presenting the project; have the technical assistance of an Entrepreneurial Development Support Entity authorized to accompany and present projects in this call; and, in case of approval of the project, present a surety bond.

It is addressed to ventures technology-based or traditional that “is based on business opportunities aimed at capitalizing on economic, dynamic and scalable trends, both in traditional and technological sectors.”

As it also points to ventures dynamic science-based “founded on the basis of knowledge with innovative potential arising from Research and Development (R&D) activities carried out in connection with academic and scientific institutions, generating products and/or services that can be incorporated into the market and are commercially viable”.

At the end of December 2021, the Calls for the Promotion of Technological Innovations-INTA (FIT-INTA) y Undertake AgTech-INTA (CEAg-INTA). La CEAg-INTA It is aimed at the theme of Agro 4.0: digitization, robotics and artificial intelligence applied to agriculture and has two modalities: one for INTA professionals and another aimed at professionals external to the institution.

In the latter case, young entrepreneurs under 36 years of age are sought. For its part, IN IT offers to finance infrastructure, capacity and relational capital for the development of the product or service.