Learn about the forms of financing for SMEs in this article. There are different institutions that offer the benefit depending on the characteristics of their loans; In addition to the requirements may vary in each of these.
Below, we present the different forms of financing for SMEs:
FFF (Friends, family and fools)
The first and probably the most common option has the name of FFF (Friends, family and fools) known as one of the main sources of financing for entrepreneurs. This type of capital is used regularly for the constitution of the company itself.
It is commonly offered when the person is going to start a business or wants to invest in another; and family and friends are the main investors.
Government funds or support is an option that exists but not all people know or know how they can acquire them. These types of government activities mainly encourage young entrepreneurs to develop their projects or business models. On the other hand, they are also used to create prototypes that help to market the project within the market.
A loan known as Venture Capital is used when the company is already established and developed. This type of support is the temporary contribution of third party resources to the assets of a company; so that business opportunities are optimized and thus increase their value.
Surely when you think about financial support comes the word bank. These types of loans are to obtain working capital or to have flow in the daily operation of the business.
There are many options within the banking market in our country that offer these types of credits; and regularly it is the same requirements for SME credit that they ask for. It is one of the ways that it can take longer for your credit to be approved and granted.
Private financial institutions such as Miss Juana, focus on the economic loan for companies that are already established and regularly the requirements for SME credit that they request are varied, but they are much more accessible and faster compared to the other banking institutions.
If you are looking for financing for your company and want to get your loan as soon as possible, Miss Juana is an excellent option. We approve your loan in less than 24 hours.