Working capital for MEI: how does it work and how to get it?
Find out where to get working capital for MEI!
Announcements
Working capital for MEI: how to get it in a short time?
A drop in revenue directly impacts a business's working capital. It's no different for MEIs.
It is normal for profits to decrease at certain times. In these times of crisis, entrepreneurs look for alternative ways to deal with the situation.
However, before taking out a loan, it is necessary to take some points into consideration, such as the purpose of the money and the interest, for example.
Continue reading to learn more about the subject!
What is working capital for MEI?
Basically, working capital is the money needed to maintain the business and the continuity of the company.
The value of this capital It needs to be available in a short period of time, as it will be used for the fixed costs and fundamental expenses of a business.
It includes amounts in cash, deposited in bank accounts and accounts receivable, in addition to other outstanding obligations.
Working capital loan
Because of the crisis we are experiencing, many entrepreneurs are experiencing financial difficulties.
Many people have been forced to seek out lines of credit to keep their businesses running. The problem is that in times of crisis, getting loans becomes even more difficult.
The main reasons why institutions do not approve loan applications are restrictions in SERASA and failure to present collateral.
How does the loan for MEI work?
To apply for a loan, you will have to present your ID, CPF, proof of residence, MEI certificate, investment plan, proof of personal income and company income.
Typically, loan interest rates are lower for microentrepreneurs.
But it is important to mention that each financial institution has its own rules and this interferes with the CET (Total Effective Cost) of the loan.
How to get a loan for MEI?
There are several financial institutions that offer credit to microentrepreneurs.
In fact, many banks offer specific lines of credit for each purpose of an entrepreneur.
The ideal time to apply for a loan is when you have made a plan, in addition to knowing exactly how much you will need, how many installments you will pay in and what the purpose of the money is.
However, just as important as analyzing expenses is calculating the expected return and growth of the business.
What are the best loan options for MEI?
Everyone knows that doing business in Brazil is far from easy.
And in times of crisis, everything becomes a little more complicated.
For this reason, at these times, loans can help you pay your bills and get your business back on track.
To serve individual microentrepreneurs, banks and other financial institutions provide loans to MEIs.
See what the best possibilities are so that you can choose the best option to acquire working capital for your business:
1. Santander Microcredit
Santander's microcredit for MEIs is Prospera.
This Santander credit line has been offered for almost 20 years. Since then, more than R$1.4 billion has been invested, helping more than 500,000 entrepreneurs.
In addition to encouraging entrepreneurship, one of the main objectives of this line of credit is to help develop communities and provide job creation through the growth of small businesses.
The platform called Prospera offers special conditions for entrepreneurs.
In addition to loans, Prospera Microfinanças offers other benefits to entrepreneurs, such as personalized service, card machines, insurance, among others.
2. Itaú Microcredit
Itaú microcredit is a good option even for those who do not have a CNPJ.
In other words, if you are self-employed and need working capital to invest in your business, you can apply for microcredit at Itaú, even if you are not a current account holder.
This way, in addition to maintaining the continuity of your business, it becomes possible organize finances and pay the bills.
The rules for accessing this financial product are:
• Be over 18 years old
• Have been working in the business for at least one year
• Not have an annual income exceeding R$360,000
3. Bradesco Microcredit
Oriented productive microcredit is an option for entrepreneurs, formal or informal, who want to expand their business and/or invest in working capital.
It is a great line of credit for individual microentrepreneurs without the need to open a checking account.
You can get a loan of up to R$1,000.
Among the main benefits of this line of credit, we can mention the ease of taking out credit and exemption from IOF.
4. Microcredit Banco do Brasil
With Oriented Productive Microcredit (MPO), your business has a loan to improve working capital and invest in your business, through the purchase of equipment necessary for the functioning of the economic activity.
The loan amount and repayment term are defined based on each entrepreneur's payment capacity.
The payment term varies between 5 and 18 installments.
To be able to take out this credit and have access to working capital for MEI, it is necessary to be a Banco do Brasil account holder and be an informal entrepreneur with a monthly income of up to R$30,000.
5. Loan secured by Creditas property
At Creditas, you use your car or property as collateral for a loan for entrepreneurs.
The advantage of this line of credit is that it can be contracted online.
Because of the lower risk of default, interest rates are lower.
It is a good credit line option for MEI, as it helps entrepreneurs pay off debts and increase working capital.
Furthermore, the Creditas property-secured loan can also be taken out by those who are thinking of opening their own company and do not yet have a CNPJ.
Conclusion
Now you know how and where to get working capital for MEI.
In fact, when it comes to leveraging a business, microcredit is the most recommended type of loan for entrepreneurs.
To choose the best option, it is essential to evaluate your main needs, payment capabilities and, obviously, contact each of the institutions.
