Credit and financing sources for small and medium businesses are an essential component for any business’s growth, profitability, and success, as they can propel their strategies and plans to achieve their commercial goals.

However, it is important to understand the various types of financing available in Mexico to businesses, as this will provide insight into which type or plan works best based on the specifics of the business.

In this article, we will discuss the various characteristics of online financing and why it is something that every SMB should consider when seeking resources.


Four major characteristics of online financing


  1. It is a simple and quick process.

Because ensuring an organization’s liquidity and solvency is critical for starting and continuing operations, businesses must seek financing that does not entail a lengthy process with numerous requirements.

As a result, online financing platforms have the characteristic of responding in very short periods of time, establishing a simple and easy process for businesses.

The requirements for the online request process are minimal, as it only requires the company’s commercial name, address, and SAT credentials (RFC and CIEC) to connect to the SAT via a SAT API. Furthermore, there is no cost or obligation in the application process, and rejection has no effect on the credit bureau.

After that, the amount that can be paid is determined, and if the loan is approved, the funds are deposited in a short period of time.



  1. Online financing is flexible and customizable.

One of the characteristics of Mexican financing options is the requirement to acquire various complementary services that do not add much value to the businesses. As a result, an online loan provides only the capital required, at the time and amount specified by the business, as well as the ability to control and manage credit at any time.

As a form of assistance, the financing provided is personalized, and in many cases, the payment is determined based on the weekly sales of a business.


Pymes Capital, for example, provides Merchant Cash Advance (MCA) financing, in which 20% of sales made through the Terminal of Point of Sale (POS) are deducted as payment for the loan, over a period that is determined by the number of sales made, and can be as short as a few weeks or as long as several months.



3. Complete transparency

The terms of the loan that is being offered are one of the elements that must be included in any financing. This helps customers understand what is included in their deposit, costs, timelines, and all other factors.

When using the online financing option, you can get all of the important information right away, and if you have any questions, you can contact the financial institution via chat or email to get a quick response.


  1. It is a regulated and completely secure service

In addition to the transparency required, capital and financing sources for pymes via platforms such as Pymes Capital are completely secure and regulated by financial institutions such as the CNBV, BANXICO, and CONDUSEF, which are responsible for ensuring that online financial services adhere to established laws and standards.

Without a doubt, businesses that need to ensure liquidity and solvency in order to grow can benefit from online financing products such as Pymes Capital. Analyze and understand the benefits of a regulated and simpler process in comparison to traditional financial offers.