Badesc
Badesc is a Santa Catarina state-owned development agency offering credit lines to SMEs, municipal governments, and micro-entrepreneurs across all 293 municipalities. It distributes through OSCIP partners and credit cooperatives without requiring banking reciprocity.
- Company typePrivate
- Founded1973
- HeadquartersFlorianópolis, Brazil
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Badesc does
Badesc (Agência de Fomento do Estado de Santa Catarina S.A.) is a state-owned development agency headquartered in Florianópolis, Santa Catarina, Brazil. Founded by state law in 1973 and operational since 1975, the company operates as a mixed-capital entity under the Government of Santa Catarina. In 1998, Badesc transitioned from a state development bank to a development agency (Agência de Fomento), a regulatory conversion that removed it from BACEN's banking reciprocity requirements while preserving its role as a public-sector financial intermediary.
The agency provides tailored credit lines across three primary customer segments: private-sector small and medium enterprises (SMEs), municipal governments in the public sector, and micro-entrepreneurs served through partner OSCIPs (civil society organizations of public interest). Product offerings include Inovacred and MPE Giro for working capital, multiple Pronampe variants (Giro, Investimento, Mulher, Inovação), Badesc Energia for energy projects, Badesc Cidades for municipal lending, Fungetur for tourism enterprises, and Estrada Boa Rural for rural credit. Loan origination runs through a digital platform for simulation and application, complemented by an in-company service model in which Badesc business managers conduct site visits at client premises.
Badesc's funding stack combines its own balance sheet capital with pass-through resources from BNDES, FINEP, and FUNGETUR, supplemented by government subsidies including Pronampe allocations. Distribution leverages a network of credit cooperatives (Sicoob, Sicredi, Ailos, Cresol) and OSCIP partners covering all 293 municipalities of Santa Catarina, creating state-wide reach. Revenue is generated through interest spreads on originated loans, fees on BNDES/FINEP pass-through operations, and structured credit operations rather than transactional banking services.
Badesc firmographics
Firmographics- Name
- Badesc
- Legal name
- Agência de Fomento do Estado de Santa Catarina S.A.
- Website
- https://badesc.gov.br
- Company type
- Private
- Founded year
- 1973
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Badesc is a Santa Catarina state-owned development agency offering credit lines to SMEs, municipal governments, and micro-entrepreneurs across all 293 municipalities. It distributes through OSCIP partners and credit cooperatives without requiring banking reciprocity.
- Ownership category
- akta.pro rank
Badesc industry classification
Industry- Product category
- Development Banking
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111)
- akta.pro primary industry
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
Keywords
Where Badesc is headquartered
LocationHeadquarters
- HQ city
- Florianópolis
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Badesc business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Credit Operations - Own Resources: Badesc provides medium and long-term financing using its own financial resources to Santa Catarina businesses and municipalities. Revenue is generated through interest income on loans with competitive rates, loan origination fees, and tariff charges for credit analysis, contract formalization, and guarantee evaluation.
- BNDES Pass-Through (Repasse): Badesc acts as a BNDES agent for financing projects of investment. Resources are passed through Badesc to end borrowers, with Badesc earning administrative fees for processing and analysis. Covers BNDES Automático, BNDES FINAME, and BNDES Giro lines.
- Microcredit via OSCIPs: Badesc passes financial resources to microcredit organizations (OSCIPs, SCM, and Credit Cooperatives) in Santa Catarina, which then lend to low-income entrepreneurs. Loan amounts range from R$200 to R$21,000.
- Pronampe Interest Subsidies: State government subsidizes a portion of interest rates on Pronampe credit lines (40-100% subsidy), reducing borrower costs. Badesc processes these subsidized loans through its platform and partner credit cooperatives.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Inovacred: R$250k–R$10M, from 0.47% p.m., up to 96 months total, up to 24 months carência |
| Unit Pricing | Monthly | MPE Giro: R$15k–R$250k, up to 60 months total, 3–12 months carência |
| Unit Pricing | Monthly | Pronampe SC: R$20k–R$150k, effective rate 0.99% p.m., 48 months total (12 carência + 36 amortização) |
| Unit Pricing | Monthly | Pronampe Mulher: R$20k–R$100k, 1.66% p.m. (100% subsidized), 48 months total |
| Unit Pricing | Monthly | Pronampe Inovação: R$20k–R$250k, effective rate 0.83% p.m., 48 months total |
| Unit Pricing | Monthly | Badesc Fomento: R$250k–R$10M, up to 96 months total, up to 18 months carência, up to 100% for MPME |
| Unit Pricing | Monthly | Badesc Energia: R$250k–R$2M, up to 96 months total, up to 12 months carência, up to 100% financing |
| Unit Pricing | Monthly | Badesc Cidades: up to 100% financing, carência up to 24 months, total up to 120 months, 5.5%–2.75% p.a. + SELIC |
| Unit Pricing | Monthly | Fungetur: R$250k–R$15M, up to 80% of fixed investment, 60–240 months total |
| Unit Pricing | Monthly | BNDES Automático: R$250k–R$20M, participation up to 100%, terms defined per payment capacity |
| Unit Pricing | Monthly | BNDES FINAME: percentage of investment, for new national machinery and equipment |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Badesc product offering
Product offeringCore offering
Badesc is a state-owned development agency that provides medium- and long-term credit lines, financing programs, and microcredit services to support economic development in Santa Catarina, Brazil. It lends its own capital and channels pass-through resources from BNDES, FINEP, and the Ministry of Tourism to micro, small, and medium enterprises and to municipal governments, with government-subsidized interest rates on selected programs (Pronampe SC, Mulher, and Inovação).
Product overview
Badesc is a development agency (Agência de Fomento) that operates as a financial institution offering credit lines and financing programs for economic development in Santa Catarina, Brazil. The portfolio includes credit products for private sector enterprises (microcredit, investment financing, working capital, innovation funding, renewable energy), public sector municipalities (infrastructure, rural roads), and specialized programs like Pronampe (micro and small business support) and BNDES/FUNGETUR/FINEP repassing operations. The agency also provides digital services through its Badesc Online portal. The company operates through direct operations, resource repassing (as BNDES agent), and OSCIP microcredit partnerships.
Differentiator
Problem solved
Functional benefit
Brands
- Observatório do Microcrédito: A permanent forum that gathers and organizes references on microcredit in Santa Catarina, maintained by the microcredit management of Badesc.
- Badesc Cidades
- Pronampe Santa Catarina
- Microcrédito de Santa Catarina
- Badesc Energia
- Badesc Fomento
- MPE Giro
Products and services
- Badesc Microcrédito
Quantifiable outcome
- Self-financing energy: photovoltaic loan installments approximately match electricity bill savings
- +2 more outcomes
Companies that use Badesc
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles7 records
Badesc technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Badesc partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- OSCIPs - Organizações da Sociedade Civil de Interesse Público (Microcredit organizations)coreBadesc passes financial resources to OSCIPs for microcredit lending to low-income entrepreneurs and informal businesses. OSCIPs receive resources to on-lend to borrowers with loans ranging from R$200 to R$10,000 (or R$21,000 per Badesc). OSCIPs cover all 293 Santa Catarina municipalities.
- Sistema Ailos (Credit Cooperative)coreAilos is a credit cooperative system operating Pronampe products for its member cooperatives in Santa Catarina. Serves as exclusive channel for Pronampe Mulher, Pronampe SC, and Pronampe Inovação for Ailos members.
- Sistema Sicoob (Credit Cooperative)coreSicoob is a credit cooperative system operating Pronampe products for its member cooperatives in Santa Catarina. Serves as exclusive channel for Pronampe products for Sicoob members through its branch network.
- Sistema Sicredi (Credit Cooperative)coreSicredi is a credit cooperative system operating Pronampe products for Santa Catarina members. Each agency has autonomy to decide whether to join the Pronampe agreement.
- Sistema Cresol (Credit Cooperative)coreCresol is a credit cooperative system operating Pronampe products for Santa Catarina. Each cooperative has autonomy to decide whether to join the Pronampe agreement.
- Sulcredi (Credit Cooperative)minorSulcredi operates two entities (Sulcredi São Miguel do Oeste and Sulcredi Abelardo Luz) that participate in Pronampe operations for Santa Catarina businesses.
- CrediSeara (Credit Cooperative)minorCrediSeara operates as a credit cooperative for Pronampe Santa Catarina and Pronampe Inovação products in its service area.
- SDE/SC - Secretaria de Estado do Desenvolvimento Econômico SustentávelcoreSDE/SC manages the PRODEC program (Programa de Desenvolvimento da Empresa Catarinense) which provides ICMS deferral incentives for industrial and commercial development. Badesc acts as accredited financial agent for PRODEC, conducting economic-financial analysis and project monitoring.
- STN - Secretaria do Tesouro NacionalcoreSTN approves Badesc Cidades and Estrada Boa Rural municipal credit operations. Badesc forwards approved municipal applications to STN Regional (Curitiba) for analysis and approval per Portaria 04 requirements. STN oversees municipal debt through SADIPEM system.
- SIE/SC - Secretaria de Estado da Infraestrutura e MobilidadecoreSIE/SC is the executing agency for the Estrada Boa Rural program. Works with SEF and Badesc to implement rural road paving projects in Santa Catarina municipalities.
- SCTI - Secretaria de Estado da Ciência, Tecnologia e Inovação (Santa Catarina)minorSCTI issues technical attestations recognizing companies as innovative for Pronampe Inovação eligibility, subject to Secretary endorsement.
- ACATE - Associação de Tecnologia de FlorianópolisminorACATE members can access Pronampe Inovação directly through association referral. Companies associated with ACATE for more than one year with at least three member companies qualify for innovation credit.
- FIESC - Federação das Indústrias do Estado de Santa CatarinaminorFIESC Project Indústria Solar is linked to Badesc Energia credit line for photovoltaic energy adoption in industrial sector.
- SICOSS - Sistema de Crédito ao Microempreendedor e à Economia Popular SolidáriaminorMEIs are served through Juro Zero program via microcredit institutions registered with SICOSS (sicos.sc.gov.br), a network of microcredit organizations operating across Santa Catarina.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Badesc competitors and assessment
Company assessmentDirect peers
- Fomento Paraná: Paraná's state development agency — directly comparable as a neighboring state agência de fomento with the same SME/municipal credit mandate, including BNDES pass-through operations and innovation financing programs.
- BDMG (Banco de Desenvolvimento de Minas Gerais): Minas Gerais's state development bank. Same SME/municipal financing mandate, BNDES pass-through, and innovation lending focus. Comparable institutional design and target customers within a different state.
- AgeRio (Agência de Fomento do Estado do Rio de Janeiro): Rio de Janeiro's state development agency — same agência de fomento structure, similar SME and municipal credit mandate. Differs geographically (RJ vs SC) but operates the same playbook of own-balance-sheet lending combined with federal program pass-through.
- Desenvolve SP: São Paulo's state development agency. Same institutional form (agência de fomento) and product mandate — SME investment financing, BNDES pass-through, microcredit, and innovation credit — but serving São Paulo state rather than Santa Catarina. Most direct functional analogue in the country.
- Desenbahia (Agência de Fomento do Estado da Bahia): Bahia's state development agency with overlapping mandate (state economic development via credit) but serving a different regional economy. Comparable product set including SME investment, working capital, and innovation credit lines.
- BRDE (Banco Regional de Desenvolvimento do Extremo Sul): Brazil's regional development bank serving the same southern states as Badesc (Santa Catarina, Paraná, Rio Grande do Sul). Directly comparable in product suite (medium/long-term investment credit, BNDES pass-through, innovation and infrastructure financing) and end-customers (SMEs, municipalities), with overlapping territory in SC.
Others
- Sicoob: Major Brazilian credit cooperative system serving as an exclusive Pronampe channel partner for Badesc. Provides cooperative-originated SME lending in Santa Catarina that overlaps with Badesc's target SME segment on the channel side rather than the product side.
- Sicredi: Large Brazilian credit cooperative system that is one of Badesc's exclusive Pronampe distribution partners in Santa Catarina. Not a direct competitor for Badesc's investment-grade SME lending but competes indirectly for retail/small-ticket deposits and consumer credit in the same geography.
Broad incumbents
- BNDES (Banco Nacional de Desenvolvimento Econômico e Social): Brazil's federal development bank — the largest in Latin America. Badesc acts as a BNDES channel/agent (BNDES Automático, FINAME, Giro), so it operates both as a distribution partner and as a local-state alternative to BNDES's direct origination. Comparable core function (development finance) at a national scale.
Regional players
- Banco do Nordeste do Brasil (BNB): Brazil's regional development bank for the Northeast. Comparable in function (medium/long-term development credit, sector-specific programs, microcredit for low-income entrepreneurs) but with a different geographic mandate (NE states rather than SC).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
Badesc social profiles
Digital presenceBadesc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Badesc leadership team
Management profileNumber of profiles
Profiles3 records
Badesc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Badesc M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Badesc
What does Badesc do?
Badesc is a state-owned development agency that provides medium- and long-term credit lines, financing programs, and microcredit services to support economic development in Santa Catarina, Brazil. It lends its own capital and channels pass-through resources from BNDES, FINEP, and the Ministry of Tourism to micro, small, and medium enterprises and to municipal governments, with government-subsidized interest rates on selected programs (Pronampe SC, Mulher, and Inovação).
Is Badesc a public or private company?
Badesc is a private company. It is classified as state government owned and is currently operating.
When was Badesc founded?
Badesc was founded in 1973. It employs 101 to 250 people.
Where is Badesc based?
Badesc is headquartered in Florianópolis, Brazil, in the Latin America region.
How does Badesc make money?
Four revenue lines are on record. Credit Operations - Own Resources are the primary driver. The others are BNDES Pass-Through (Repasse), microcredit via OSCIPs and pronampe Interest Subsidies.
Who are Badesc's main competitors?
Direct peers on record are Fomento Paraná, BDMG (Banco de Desenvolvimento de Minas Gerais), AgeRio (Agência de Fomento do Estado do Rio de Janeiro), Desenvolve SP, Desenbahia (Agência de Fomento do Estado da Bahia) and BRDE (Banco Regional de Desenvolvimento do Extremo Sul). Others are Sicoob and Sicredi. BNDES (Banco Nacional de Desenvolvimento Econômico e Social) is listed as a broad incumbent. Banco do Nordeste do Brasil (BNB) is listed as a regional player.
Does Badesc have an API?
No public API is recorded for Badesc.
What industry is Badesc in?
Badesc's product category is Development Banking. Its primary akta.pro industry code is FSAKAGAI, SBA/Government-Backed & Development Finance Loans. Its SIC code is 6111.