A financing designed to support the development of your business.

Microcredit is usually a loan made to a person or a group of people so that they can develop a project; For example, to make a small restaurant, shop or similar economic activities, these are available through certain non-profit, community-based organizations that have experience in lending and business assistance. If a client wishes to apply for microcredit financing, they may be required to meet the training or planning requirements before considering their loan application. This business training is designed to help you launch or expand your business.

Sea Trade Financial wants to offer its clients a financing designed to support the development of their business, which guarantees loans with flexible terms and payable in comfortable installments with the most competitive rate on the market.

Who is it aimed at?

To any natural or legal person who, under any form of organization or productive management, carries out activities of commercialization, rendering of services, transformation and industrial, agricultural or artisanal production.

What advantages does it offer?

  • Capital financing to acquire raw material inputs, and implements needed for the development of the business.
  • It has different financing terms, adapting to the cash flow, allowing better planning and use of the treasury of the business.
  • Simple instrumentation, through a loan document.
  • You can make partial or total advance payments, at any time and without restrictions.

What are the main characteristics?

  • Amount to finance this based on the analysis of the investment project, potential and ability to pay.
  • Maximum term to pay the credit of 60 months.
  • Method of payment: agreed capital quotas, established according to the cash flow and collection at the maturity of each month.
  • Guarantee: guarantee or guarantee, collateral or mortgage.

What is the interest rate?

Interest rates vary, depending on the project, costs and laws that govern the US. These rates vary between 8% and 13% per year.

The use of Microcredit Funds

Microcredit can be used to:

  • Working capital
  • Inventory or supplies
  • Furniture or accessories
  • Machinery or equipment
  • Microcredit funds should not be used to pay off existing debts or to buy real estate.

Payment Terms, Interest Rates, and Charges

The terms of repayment of the loans vary according to several factors:

  • Amount of loan
  • Use of funds
  • Requirements determined by Sea Trade Financial
  • Small business needs