Capital Markets

Separador-Titulo

Working Capital Financing

Through the Capital Market Financing Program, we provide financing to SMEs through own and third-party checks, exchange-traded promissory notes, and bonds, backed by Provincial Guarantee Funds. This allows access to better rates and terms, greater placement capacity, and broader nationwide reach.

The CFI's SME Capital Market Financing Program is designed to cover the operating needs of SMEs—e.g., purchasing inputs, paying suppliers, or paying wages—through the capital markets with the backing of Provincial Guarantee Funds.

The goal is to focus financing on strategic sectors and maximize its productive impact.

How Can I Apply for Financing?
Businesses must contact the Guarantee Fund in their province, where they will receive advice on the most suitable instrument and the applicable requirements.

Available only for certain economic activities. See the list of eligible activities.

Up to ARS 300 million

Exchange-traded promissory notes
Deferred-payment checks (DPCs)
SME bonds

Purchase of raw materials
Supplier payments
Productive cycle financing
Operating expenses

What role do Provincial Guarantee Funds play?
They provide guarantees for financial instruments, improving companies' risk profiles and enabling them to access better interest rates and terms. See the list of participating provincial guarantee funds.

Is previous experience in the capital markets required?
No. The program is designed to support businesses accessing the capital markets for the first time, providing assistance and facilitating entry.

For more information, contact us at mercadodecapitales@cfi.org.ar