Uruguay's Ministry of Economy and Finance has launched SIGA Innovation to improve bank financing access for micro, small and medium-sized enterprises undertaking product or business process innovation. The instrument halves the standard SIGA guarantee usage fee and covers up to 70% of a loan, with guarantees capped at 1.2 million indexed units or the equivalent in U.S. dollars or Uruguayan pesos and a maximum term of 72 months. Eligible applicants must be Uruguayan legal entities with at least three years of operations, be current on social security and tax obligations, and meet participating financial institutions’ creditworthiness and repayment capacity requirements. Businesses must first obtain an Innovation Certificate from the National Agency for Research and Innovation, which assesses whether the project is innovative. The certificate enables an applicant to seek credit from a financial institution operating with SIGA but does not guarantee loan approval, which remains subject to the institution’s own credit assessment. Applications are open with no closing date.
2026-09-22Ministry of Economy & Finance (Uruguay)
Uruguay's Ministry of Economy and Finance launches SIGA Innovation guarantees covering up to 70% of MSME loans
Uruguay's Ministry of Economy and Finance has launched SIGA Innovation for MSMEs undertaking product or business process innovation. The program halves the guarantee usage fee and covers up to 70% of loans, with guarantees capped at 1.2 million indexed units and terms of up to 72 months. Applicants need an innovation certificate before seeking credit, while participating financial institutions retain responsibility for loan approval.