Loans for Cultural Industries
Table of Contents
The Loans for Cultural Industries program finances cultural projects at any stage of the creative process or artistic production. It also covers the acquisition of equipment, furniture, machinery, and other inputs necessary for cultural and creative industries nationwide.
This program targets companies legally domiciled in Argentina with artistic and cultural objectives and sufficient debt capacity as outlined in their statutes.
Applicants must submit at least one year of complete financial statements and meet all requirements detailed in the program regulations (available for download at the bottom of this page).
For loan requests exceeding $3,000,000, applicants must provide a guarantor.
The guarantor assumes full liability for the debt in case of default, acting as a joint and several co-debtor with primary payment responsibility, without benefit of excussion or division of credit.Spouses cannot serve as guarantors.
Who is Eligible?
This program addresses natural persons (artists, artisans, technicians, and professionals linked to disciplines promoted by the FNA), both Argentine citizens and legal foreign residents. Recipients must demonstrate proven dedication to artistic and/or cultural activities.
Important: If the artist is a minor, their parents may exercise parental responsibility.
How Do I Apply?
Submit your loan request through the FNA digital platform.
Understanding UVA
UVA, or Purchasing Value Unit, is a unit of measurement established by the Central Bank (BCRA). The BCRA updates and publishes it daily based on the Reference Stabilization Coefficient (CER), which reflects consumer price index variations. The BCRA publishes the current UVA quote.
How do 0% UVA Loans Work?
UVA loans are peso-denominated credits with a 0% interest rate adjusted for inflation.Your monthly payment reflects the UVA quote for that day.
Checking the Current UVA Index
- Visit the BCRA website.
- Select the current date.
- Click the “consult” button to obtain the current UVA value.
- Calculate your installment amount by multiplying your outstanding principal in UVAs by the UVA price on the last business day of the month.
Determining Your Maximum Loan Amount
The guarantee by a Reciprocal Guarantee