TozziniFreire assists in creation of small-business loan scheme
A Pro Bono team at Brazilian law firm TozziniFreire has assisted in the creation of CoVida20, a loan program with preferential terms aimed at small businesses affected by the COVID-19 pandemic.
Small companies are the most affected by the economic crisis caused by the coronavirus pandemic, and to help those companies whose business model combines profit with socio-environmental responsibility, the CoVida20 program has been created, to offer loans with lower interest rates and more flexible payment terms for small businesses that are committed to retaining their employees, the law firm said.
The law firm’s capital markets team offered legal advice for the structuring of the loans initiative, led by partner Alexei Bonamin (pictured).
The initiative also invites donations to support the loans program, and the official website of which is here.
