Every entrepreneur has already faced the dilemma of how to finance equipment and machinery for his company, taking into account costs. So, here are the credit options available for this.
It is known that a good machinery gives a great deal of competition, but not every businessman has the capital to do it, especially when he is starting his business.
- I want to start a business, but I have no money.
It is worth remembering that when buying equipment and machines, one must also consider the maintenance costs. Hence, financing and borrowing prove to be advantageous alternatives.
Typically these modalities cover most types of machinery in industries. Let’s get to know them:
Loan of equipment and machines
It is possible to obtain or rent machinery through the facilities granted by retail banking agencies.
Along with your bank look for cooperatives, credit association and also crowfunding sites, in order to find the best supplier, and with that, the best deal.
There are several ways to get machinery, including borrowing from private banks, seeking financing options from Credit Associations or specialized Cooperatives.
- How to get loan for companies?
Or, request the support of the federal government, through the NDB (National Development Bank) or Equipment Group (The Special Agency of Industrial Financing).
In state-owned banks the loan can be made by Equipment Group or NDB card.
The choice will depend on the business plan for the industry.
- What should be the basic financial objective of a company?
Financing of equipment and machines
Equipment Group is a perfect financing option for medium and large entrepreneurs.
To apply, you need to go to a state bank for more information.
The machinery to be financed must be listed in the NDB – IFC Computer Vendor Credencamento, open for access on the NDB website.
It is worth remembering that Equipment Group only works with national machinery, thus, this financing does not allow the purchase of international goods.
Associated working capital
The associated working capital financing can reach up to 30% of the amount financed.
Another advantage of associated working capital is the payment term, which can reach up to 10 years with a grace period of 2 years, depending on the need for the investment.
NDB financing is recommended for micro, small and medium enterprises (SMEs) and individual microentrepreneurs (SMEs).
To purchase the card it is necessary to make a request in a state bank.
The financing interest is about 1.35% per month and the loan limit is 2 million per card.
The leasing or leasing service is dedicated to those who want imported machinery.
The machinery is purchased by a rental company or lessor at the request of the customer and rented for the same.
To get this type of financing you need to go to your bank.
An essential tip is to research long before closing the loan once, checking the interest rates and the extra costs of financing. Good luck!
- Want to start a business, but have no money? Learn how to get
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