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Discover all the possibilities and advantages of loans for MEI
Becoming an Individual Microentrepreneur (MEI) is the dream of many Brazilians.
However, this is an action that demands a lot of courage and financial contributions.
These contributions have been facilitated due to the interest of banks, fintechs, credit unions, among others in the sector in financing these promising initiatives.
And it is no wonder, since this slice of the market is rapidly expanding and today represents 56.7% of all businesses opened in the country.
According to data from the Brazilian Federal Revenue Service, as of December 2019, Brazil had just over 9.4 million SIMEI optants.
In other words, entrepreneurs who use the Simples Nacional taxation system, owed by the MEI. In the same period of 2020, however, the number already exceeded 11.3 million.
There’s nothing smarter for financial institutions than investing in this activity, right?
If this topic is interesting to you, continue reading to find out everything about the credit advantages currently offered to MEI.
Conditions for becoming a MEI
More than just the dream of becoming your own boss, formal microentrepreneurs can count on a series of benefits that can have a major impact on their financial health.
These advantages include tax exemption (such as PIS, Cofins, CSLL and IPI), social security benefits, and ease of opening bank accounts.
In addition to the special conditions for taking out loans for MEI.
The MEI contributory modality was created by law in 2008 to encourage savings and the formalization of self-employed workers.
And, therefore, at its core, it has the objective of making life easier for small business owners.
| YEAR | CHOOSERS FOR SIMEI |
| 2015 | 5,680 mi |
| 2016 | 6,649 mi |
| 2017 | 7,738 mi |
| 2018 | 7,739 mi |
| 2019 | 9,430 mi |
| 2020 | 11,316 mi |
Currently, the conditions to be a MEI are:
- Carry out professional activity listed in the MEI category (check the list on the portal I counted)
- Have a turnover of up to R$6,750 per month or R$81 thousand per year;
- Not to participate in another company as a owner or partner;
- Have a maximum of one employee hired, who may receive the minimum wage or the category floor.
- Make the DAS MEI payment according to the business segment (check the values below)
Advantages of the growth of MEIs in Brazil
The high rate of business openings in the MEI segment drives financial products and programs that aim to encourage the growth of small business owners.
Therefore, by becoming an Individual Microentrepreneur, it is possible to benefit from easier access to credit and more interesting interest and installment programs.
Loan for MEI
Anyone who thinks that loans only offer advantages to large companies is very mistaken.
With the significant increase in the number of Brazilian microentrepreneurs, as well as the increase in demand for credit in this segment, many loan options for MEIs also appear.
However, this does not mean that all of them are really advantageous. It is important to research what is available on the market to find the best conditions.
Loan conditions for MEI
As with other types of credit, the MEI must pay their loan installments in installments and with interest determined by the chosen financial institution.
Here, the possibility of a loan with collateral, such as real estate or vehicles, for example, also applies.
Personal documents and CNPJ will be requested, in addition to proof of business revenue and investment plan so that the registration can be made. credit analysis and payment potential.
Even if there are restrictions in your name, the possibility of a loan may be reduced, but it will not be a total impediment to negotiation.
Once the process is approved, the funds are released into your legal account and you can start investing in your business.
What should I evaluate?
To ensure that you get the best deal for your business, be sure to compare options at several financial institutions that favor MEIs.
Pay special attention to the terms offered, but don't forget about the interest rate and various fees that may be involved in the contract.
Remember that there is no fixed amount here, as the rates will vary according to your credit profile and your company's revenue.
Therefore, it is worth keeping in mind that the current maximum monthly revenue for MEI is less than R$7,000 per month or R$81,000 per year.
In other words, the value of the installment must be compatible with the revenue so that the entrepreneur has financial stability and can honor all of his/her commitments.
Types of credit for MEI
There are several options at traditional financial institutions.
Generally, the institution you already work with usually offers more attractive rates and terms.
However, it is worth looking for options in fintechs and cooperatives to compare the possibilities.
In addition to these, there are special options for working capital in institutions such as Federal Savings Bank with variable values according to the desired modality.
In addition to lines of microcredit for entrepreneurs node BNDS (National Development Bank) for financing of up to 20 thousand reais, for example.
THE anticipation of receivables It is also a type of loan for MEI.
It is possible to receive from the bank in cash everything that would be received over time as a result of sales with cards and checks.
For example, becoming a way to make working capital available for new necessary investments.
Here, the rates are usually quite attractive compared to other lines of credit, since the money has an extra guarantee.
However, in this case, an extra dose of planning is required, since future receipts are committed to paying off the loan.
There are also the secured loans of vehicle or property, as previously mentioned.
Here you transfer the asset to the financial institution indirectly, without causing any damage or change in the use of the asset.
In this way, we also come across attractive interest rates due to the security of receipt that the bank has.
How to make good use of the loan?
See how to maintain your company's financial health so you can use the MEI loan wisely, thus ensuring a smart investment in your business.
Plan your MEI loan
At times, it may seem tempting to make investments outside of your planned scope. However, it is important to be clear about your objective so that you do not end up taking out a new loan in the short term.
Respect the planning presented initially so that the development plan is fulfilled. You will soon be able to reap the rewards of this discipline.
Be careful with deadlines and management
Even if you get an excellent negotiation rate for the payment of the credit obtained, it is very important not to let the installments fall behind.
This way, the MEI avoids the accumulation of interest and the consequent payment of unforeseen expenses.
It is also important to carry out excellent management of all investments so that you always have enough cash for the health of your company.
Resist the urges
Your MEI loan has started to yield the planned results and now the company is earning more.
But be careful!
Choose a way to invest your extra profits wisely. A good option is to direct some of this money towards reinvestment in the business.
You can also use these amounts to pay off the loan, speeding up the repayment process.
To finalize the guidelines for your MEI loan
In short, if you are looking for special conditions to invest in your business, it is important to start registering as a MEI.
This system greatly facilitates access and conditions for a more advantageous loan, helping to improve your business opportunities.
Therefore, to carry out your credit analysis, it is important to have your personal and legal documentation up to date.
In addition to carrying out financial planning to have more objectivity when searching for the most advantageous proposal and modality for your company.
After studying and defining the best option for your MEI loan, focus on the company's goals and resist the temptation to divert credit to other businesses or a personal plan.
A large part of the additional profit can also be reinvested in the company or in early payment of installments. This will ensure the sustainability of your company.
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