You own the business itself, but it is still small entrepreneur? If your answer is yes to any or all of these questions, you may still have difficulty getting loans in the traditional way in banks, right? Microcredit can be a great option!
What is microcredit
It is a loan that exists especially for you that is still a small entrepreneur. In order for you to receive microcredit, you must be a business person, individual microentrepreneur or informal entrepreneur.
Interest rates are only 4% per month, which cannot be exceeded.
Microcredit has its advantages of less paperwork, which helps it expand its business, generate better profitability for businesses and make it easier for small business owners to achieve better capital turnover.
There is only one disadvantage to microcredit: Unfortunately in Brazil, not all banks offer this service. However, it is one of them that can help you.
The interest rate will be negotiated between the bank agent and the person applying for the loan.
There is also an open rate, equivalent to 3% of the amount requested in microcredit. ‘s interest is up to 100% of the financed amount.
Deadline to pay
The institution offers the client the opportunity to negotiate the timeframe with the operating agent. Guarantees will also be negotiated between agent and customer, but no real guarantees will be required, as the vast majority of transactions are collateralized by collateral.
And who can apply for microcredit at this institution?
Both individuals and corporations can apply for microcredit loans.
In the case of legal entities, only small business owners, and with annual gross of up to USD 360,000. The funds can be used for working capital, fixed productive investments such as civil works, machinery purchase, new and used equipment, and material purchases.
How do I apply for microcredit?
To order, simply submit a request through the developer channel, or go to your operator agent in your city or region. You can also consult with financial institutions that offer their own networks of microcredit traders.
The loan application will be reviewed by the operating agent.