Banco Santander Argentina will launch a new credit line at a 20% rate

Banco Santander Argentina will launch today a line of new loans for SMEs at an annual rate of 20% for a total amount of one billion pesos ($15.9 mn) and a term of up to 24 months. The maximum amount per customer is 3 million pesos ($47,672). The bank will help to mitigate the impact of containment measures to protect the population from the spread of coronavirus may have on the economy and the normal functioning of the business. Also, affected companies will have more flexibility in managing their cash flow.

Source: Ámbito