Home » Business » Ministry of Transportation: Line of credit for $ 715,000 million for transportation entrepreneurs | Economy

Ministry of Transportation: Line of credit for $ 715,000 million for transportation entrepreneurs | Economy

To support entrepreneurs in land, river and air transport, the Government allocated 715,000 million pesos, with a preferential line of economic reactivation.

The Minister of Transportation, Angela María Orozcosaid that this line of credit is a new phase of “Transportation Responds”, which was achieved between the ministries of Finance, Transportation and Bancoldex.

Entrepreneurs may request your credits, payment benefits up to three years, a grace period of up to one year, in addition to 2 percentage points below the interest rate offered by the bank ”, explained Orozco.

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In addition, it went through National Guarantee Fund, the National Government, will support carrier debt up to 80 percent

It should be noted that this is the second line of credit, because lthe first phase that was created by the Minister of Transport and Bancoldex, had a quota for $ 95,000 million directed to working capital as payroll, rent and operating expenses.

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