Fundo Garantidor de Operações (FGO): Who Qualifies and What You Get
Learn how the FGO provides bank guarantees to help small businesses in Brazil access credit more easily.
The Fundo Garantidor de Operações (FGO) is a fund that provides guarantees to financial institutions to help facilitate credit for small businesses.
Who it's for
This scheme is designed for small businesses looking to secure loans.
What you get
You receive a government guarantee that is used to back your loan. This guarantee makes it easier for your bank to approve your request and can help make credit more accessible for your business operations.
What it costs you
There is no upfront payment to join the fund, but a small fee is included within your loan's interest rate.
The catch to know
It is important to understand that this is a guarantee for the bank to protect them, not a direct loan given to you. The money comes from your bank loan, not as a separate grant from the government.
How to apply
- Consult with your bank to see if they use the FGO for their lending products.
- Discuss your specific business credit needs with a bank representative.
- Complete the loan application process required by your chosen financial institution.