Clients

Private companies with headquarters and administration in Brazil, as well as individual entrepreneurs are eligible to request financing from the BNDES. Public Administration and individuals are also entitled to financing in specific cases (cargo carriers, rural producers or micro entrepreneurs).

To apply for financing from the BNDES, the client is expected to meet the following minimum requirements:

• fiscal, tax and social obligations must be up-to-date;
• satisfactory registration must be presented;
• capacity to make payment;
• enough guarantees to cover the risk of the operation;
• client cannot be undergoing credit recovery;
• comply with legislation related to imports, in case of financing for imports of machinery and equipment; and
• comply with environmental legislation.

Size of Companies

The BNDES classifies companies according to their size, and the categories are applicable to all economic sectors. The classification by size is taken into consideration in specific financial support mechanisms of the BNDES, which are focused on a specific company size. Additionally, it establishes, in some cases, special financial conditions within the same project or program.

Classification per company size establishes the following categories:
 

Classification	Annual Gross Operating Income
Micro Company	Less than or equal to R$ 2.4 million
Small Company	More than R$ 2.4 million and less than or equal to R$ 16 million
Medium Company	More than R$ 16 millions and less than or equal to R$ 90 million
Medium-to-Large Company	More than R$ 90 millions and less than or equal to R$ 300 million
Large Company	More than R$ 300 million

Annual Gross Operating Income means the income earned in the calendar year from:

• the product from the sales of goods and services in own account operations;
• the price of services provided; and
• the result of operations in third-party accounts, excluding sales cancelled and unconditioned discounts granted.

Should the activities begin in the same calendar year, the limits defined above will be proportional to the number of months in which the individual or company has been in business, not taking into account fractions of months. In the cases of start-up companies, the annual sales projection used in the undertaking will be considered, bearing in mind the total installed capacity.

When the company is controlled by another company, or if it belongs to an economic group, classification per size will take into consideration the annual consolidated gross operating income.
 
For medium-to-large sized companies, the same conditions for large companies will apply, except when otherwise established.