Learn about the Zero Interest loan
Advertisements
The Zero Interest loan provides lines of credit for individual microentrepreneurs (MEI), with a zero rate.
In fact, small businesses and MEIs suffered a major impact on the economy due to the pandemic.
Therefore, getting a loan at this time is the best option. See below how the Zero Interest loan works and how to apply for yours.
How the Zero Interest Loan Works
Firstly, the Zero Interest loan aims to expand entrepreneurship in Brazil by financing a business credit line of up to 15 million.
For individual microentrepreneurs, this amount can reach up to 15 thousand reais.
Furthermore, there is a grace period of up to 90 days to pay the first installment and the total amount of the credit can be divided into up to 24 installments.
Zero Interest Loan for Micro and Small Businesses
On the other hand, micro and small businesses can borrow up to R$50,000. However, this amount carries a small interest rate that varies between R$0.35% and R$0.55%.
This credit option can be divided into up to 26 months and, like MEIs, the deadline to start paying the first installment is 90 days.
Necessary requirements
As the objective of the program is to stimulate entrepreneurship in Brazil, the entrepreneur must meet two important requirements to be able to apply for the Zero Interest loan:
1 – Complete a quick online qualification course offered by Sebrae;
2 – Do not have restrictions on the CPF and CNPJ.
To access the course, simply go to the Sebrae website and select the option “empreenda rápido Mei”. Then register by providing your CPF or CNJPJ, email and password.
In addition to this option, Sebrae also offers several free online qualifications for entrepreneurs.
Within the Empreenda Rápido Mei course, the entrepreneur will learn about all the management areas that a company needs to have divided into 5 modules:
1 – Characteristics of Success;
2 – How to set the selling price;
3 – How to control cash flow;
4 – Customer service;
5 – Digital marketing for entrepreneurs
The main purpose of the course is to prepare entrepreneurs to have access to credit and the course lasts 15 hours. In addition, entrepreneurs will have up to 20 days to complete the course.
It is important to highlight that within the Sebrae platform, all the necessary information will also be made available to request the Zero Interest loan.
How to apply for a Zero Interest loan?
The loan is granted to entrepreneurs who have their legal headquarters in the State of São Paulo.
So, you need to fit into the following categories:
1 – MEI (Individual Microentrepreneur);
2 – ME (Microenterprise);
3 – LTDA (Limited Liability Company);
4 – Eireli (Individual Limited Liability Company);
As soon as you complete the course, you will be able to apply for a loan through Banco do Povo, click on request my credit and register by providing the necessary information.
In short, this is an excellent opportunity to obtain credit for your business during this pandemic.
Creditas Contact: (11) 3164-1402
Centennial Plaza – United Nations Avenue No. 12995 – Building – Brooklin, Sao Paulo – SP, 04578-911
*Research source: http://www.finep.gov.br/apoio-e-financiamento-externa/historico-de-programa/juro-zero
