Are you a MEI and need to borrow money? Learn how to apply for credit at very low interest rates

Pronampe (National Support Program for Small and Micro Businesses) was created during the Covid-19 pandemic. Its initial goal was to help small businesses survive a period of social isolation. However, in June 2022, the government enacted a law making the program permanent. That is, small business owners can count on credit to carry out their activities, even after the pandemic.

In July of this year, there was a rule change and now those who fall into the MEI (Individual Small Entrepreneurs) category can join the program and apply for a loan. Check all the rules and conditions by reading this article.

Pronampe gives over R$50 billion in credits to MEI

Given this, this year’s Bronambi program began on July 25. But, financial institutions that intend to join the program can offer credits to companies until December 31, 2024. According to government technicians, it is estimated that more than 50 billion Brazilian reals have been injected into the Brazilian economy.

Thus, those who have joined MEI and need money to purchase equipment, pay employees, cover expenses, purchase inputs or even invest in their own business can apply for low-interest loans.

The program is estimated to benefit from several classes of MEIs. Such as manicurists, barbers, bakers, confectioners and craftsmen. According to the data of the Ministry of Economy, there are 13 million MEIs in Brazil. In addition, there are 5.5 million micro and small businesses. This corresponds to 98% of all companies in the state. Therefore, a program that injects money into the sector is necessary to transform the economy.

see also: Occupations that are no longer MEI: the complete list collects activities in different fields

Check the conditions for granting credit

First, in order to participate, a company must fall under the MEI category, micro or small.

In addition, the company must have been created more than a year ago, with its dividends registered with the IRS.

According to Pronampe rule, a company that wants to apply for credit must authorize the bank to check the bills. https://cav.receita.fazenda.gov.br/authenticacao/login.

Through the website, MEI will be able to select which banks you want to borrow from. Finally, just allow the data to be shared with the selected banks and search for it.

The interest terms are 6% per annum plus a Selic rate of 13.25%.

see also: Check the rules to stay within the MEI law in 2022