For those who are thinking about boosting their company and making their business more profitable , you know that, in general, it takes a little more than goodwill and willingness to roll up your sleeves, right? Some investments are important to improve your business, whether it’s to increase your inventory, improve your catalog of offers, hire more people, etc.
The truth is that micro and small entrepreneurs
up having more difficulty with these lawyer database financial issues and the first lesson here is to avoid mixing personal accounts with those of your business, otherwise, you end up losing quality of life and compromising your company, taking away cash flow, for example. That’s where loan and financing options for small businesses come in .
The good news is that, with the pandemic , many country wise email marketing data lines of credit have become more possible, which makes this a good time to rethink your business, making a cash contribution that will bring many possibilities.
With lower interest rates loans and financing business
loans and financing for small businesses are an australia cell numbers option even for those who want to get rid of debt and get the rope off their neck. Below, we will talk more about these options!
1. Pronampe
Pronampe is the acronym for the National Support
Program for Micro and Small Businesses, which is nothing more than a possibility from the federal government that directly helps in the development of micro and small businesses.
It provides for the guarantee of a fund of R$15.9 billion in resources from the National Treasury. In practice, banks and fintechs lend resources to microentrepreneurs and, in the event of default, they receive 85% of the loan from this fund. Thus, the idea is to make around R$190 billion available to micro and small businesses.
And how much of a loan can you get right?
The maximum amount will be equivalent to 30% of the company’s annual gross revenue in 2019, before the pandemic. To find out if your business will be eligible, the rule is simple:
micro-enterprises with revenues of up to R$360 thousand per year;
small companies that earn up to R$4.8 million per year.
The good news is that the Pronampe loan
can be paid in installments over 3 years (36 months) and the first payment will be made eight months after Small business loans and financingthe contract is formalized — that is, there is an 8-month grace period. Interest will be calculated using the Selic rate, which is expected to be 3% in 2021. Remember business loans and financing that, during the grace period, the loan will only be adjusted by the current Selic rate.
Federal Savings Bank
Caixa also has some specific loan and financing options for small businesses, depending on what your business needs. It is possible to obtain contributions between R$12 and R$125 thousand. Check out the main options!
Individual Entrepreneur
This is your chance to formalize your business. Taxation is different and there are some exemptions from fees, such as the business license registration fee. As a requirement, you must have a gross income of up to R$60,000 per year and not have any other company.
Revenue anticipation
Such as discounting checks and invoices, anticipating part of your cash flow to guarantee your possibilities.
Multiple Instant Cash Spin
This line of credit is a good option for those who have a company and need to increase working capital.