Senate passes FOGAPE 2.0 that extends transitional extension to December 2021

The Senate passed the bill to amend the Guarantee Fund for Small and Medium-sized Enterprises (Fogape). The legal text extends the current transitional extension -from 100,000 UF ($3.9 million) to 1,000,000 UF ($39.4 million)- to 31 December 2021, with respect to the maximum annual net sales, established as a requirement to allow entrepreneurs access to the Fund’s guarantee.

Source: EMOL