Do you have a business idea and need financial capital to realize it? If so, then a loan for SMEs is just what you need.
This type of financial product is designed to meet the corporate and business needs of modern entrepreneurs. With a loan to start your business, you can pay for raw materials, rents of premises, the purchase of office supplies, etc.
All you need to do is find the offer that suits not only your personal needs but also those of your business. It is not the same to request money to start an SME from 0 than to request a loan to expand the operations of your company.
Get a customized loan offer for SMEs thanks to the credit comparator from Mybright. You will complete your application quickly and you will have the money you need in a short time.
Click Here for small business loans bad credit
The requirements for small business loans bad credit, and the conditions that apply to this type of financing may vary depending on the company you hire.
There are certain basic requirements that you need to comply with:
- Company or personal income:
You need to have periodic income that allows you to pay the loan installments.
- Age Limits:
You must be between 25 and 65 years of age to apply for a credit for SMEs.
- Complete forms honestly:
You need to complete the application form with true information, either at the bank office of your choice or at an online financial institution.
- Positive Accounting:
If you already have an SME and need credit to improve your operations, the company must have a positive accounting.
SME loans are not usually granted to everyone, so it is important to know how to act if your loan application is denied.
Bank credits for SMEs
The financing for SMEs granted by banks usually goes to larger business projects.
Bank loans for SMEs are characterized by providing high amounts to be paid in terms ranging from 12 to 60 months. These loans may include different interest rates depending on the characteristics of the contract.
These financial products can be granted in the form of credit lines, credit cards or personal loans with guarantees or guarantees.
Personal credits for SMEs
If your business project is more modest, then you will not need to go to a bank for credit for SMEs.
There are many loan companies in Mexico that work 100% online and offer ideal personal loans to make your entrepreneur dreams come true.
You need to learn how to compare the conditions of personal loans so you can find the offer that benefits you the most.
Credits for government SMEs
Governments are increasingly aware of the positive impact of enterprises on the national economy. For this reason, they offer financing for SMEs that encourage entrepreneurs, such as the Mexico SME Fund.
Government SME Fund Loans for SMEs in Mexico
The SME Fund is a financial institution attached to the Mexican government that offers to finance for SMEs that are capable of generating jobs.
All loans granted are temporary, ideal for small businesses in the process of growth, and are granted according to the following categories:
- Entrepreneurs Training
- Technological innovation
- Business management
- Productive projects
- Access to financing
- Events and promotion tools