Loan for MEI: discover 3 available options

In the credit granting market, the most sought-after products are typically focused on individuals or more robust legal entities. 

But there are paths for profiles that fit into other categories. A good example is Individual Microentrepreneurs (MEI), a group that represents more than 13 million people, according to statistics from the Federal Revenue Service.

What is a loan for MEI for?

The individual microentrepreneur is a businessperson, which means that granting loans is usually tied to the need to leverage the initial results of a business.

Loans for MEIs are an important form of credit, as the government has encouraged the program to support small business owners and free thousands of people from illegal employment.

Therefore, several loan alternatives for MEI were created, allowing the entrepreneur to choose the one that best fits their needs. 

What are the loan options for MEI?

There are several types of credit available to individual microentrepreneurs. We've selected the main ones for you to review and delve deeper into the one that interests you most. 

Remember to check the payment deadline, interest rate, and other specific conditions that vary depending on each option. 

#1 Microcredit

This is a line generally offered by most financial institutions. I

With this alternative, the entrepreneur can obtain a loan between R$ 300 and R$ 15,000. 

The payment period usually does not exceed 4 months, which requires considerable financial responsibility from the contractor. 

For credit to be released, it is important that the entrepreneur clarify where he intends to invest the money, presenting projected results.

#2 BNDES Card

The National Bank for Economic and Social Development (BNDES) card can serve as a loan alternative for MEIs. It is designed to foster the growth of small and medium-sized businesses. 

The maximum loan amount is R$1 million. Interest rates are typically low, and repayment terms are standardized at 48 installments.

Card usage directly depends on projected growth, with continuous release without exceeding the limit. Therefore, it's important to have good financial planning. 

#3 Credit for working capital

This category provides credit that does not involve the payment of interest over a period of between 5 and 15 days, with the aim of advancing an amount that the entrepreneur has already sold, but has not yet reached his account.

After the term, interest is charged, ranging from 1.5% to 2.5%. In general, withdrawal limits are low and only increase as the entrepreneur's revenue grows. However, they remain low compared to other solutions.

Now that you're familiar with the best solutions, you can choose the one that best suits your needs. Count on Geniuzz to always help you make the right decisions!

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