Digital businesses have gained prominence in Brazil and entrepreneurs are looking for various financing alternatives to ensure that they can launch their brands and have the initial amount needed to bring their idea to success. Today, Brazilians are looking for various types of financing. The technological world has created new job opportunities, including those that relate directly to the digital world. A Paypal study even understood that, in Brazil, this logic has generated a great growth in e-commerce spaces, and only in 2019, the growth in the number of online stores was 37.5%.The companies that are emerging in this environment, however, know right at the beginning that they are entering a world where there is enormous competition and, therefore, some investment is needed.
The initial investment of a company is largely personal and time, but it also has a financial component. For a project to become a successful company, financing is fundamental and, in fact, there are many ways to get the initial value for a business today. Learn about the forms of financing most used by Brazilians to launch their business today.
1.online credit alternatives Looking forone is a very common way Brazilians use to launch their business. Today, several online spaces provide personal credit solutions, to encourage entrepreneurship, having viable solutions without the person even having to leave their home.
2.using crowdfundingCollective financing online is also a way Brazilians use more and more, and this type of financing is based on the followers and contacts of the entrepreneur.Crowdfunding is a way to get non-refundable money and giving, in exchange for the amounts credited, services or installments of the business being developed.
Usually, those who support this type of project are those interested in its results or people who believe in the personal potential of the entrepreneur or the idea he presents.
3.conventional bank credit Thistraditional way of asking for bank financing is still widely used, mainly by the more traditional entrepreneurs. Most of the time, banks provide the initial financing of the business, with the amount paid in instalments that add insurance, commissions and interest rates. As a rule, guarantees are requested from the solicitor.
4 Seeking support for start-upsSomeventure capital entities are interested in new businesses and support the most innovative start-ups. If you have an innovative and bold project, this can be a way to join the many Brazilians who already take advantage of venture capital entities' patronage by offering them a temporary participation that usually lasts between 3 and 7 years.
5.applications for public supportMany Brazilians seek public support from their states and regions, as there are specific funds for new local companies.
These applications have to meet the requirements of each parish and municipality, and it is necessary to research their specificities before placing the application for funding.