BPNBrasil Banco Múltiplo is a small bank headquartered in São Paulo that offers commercial and investment banking products to a diverse client base, focusing on SMEs. It will use the IIC loan to grant working capital loans and revolving credit facilities to at least forty SMEs in Brazil on appropriate terms, while properly matching its own sources of funding. Demand for such loans is high among SMEs seeking to increase their production capacity to compete internationally, but they are difficult to obtain. The IIC’s loan will be complemented by a B loan, multiplying the funds available by up to five.
