Frequently Asked Questions
Bancomext exporters, their suppliers, and companies engaged in the Mexican foreign trade and tourist industry, in general, an array of financial products to meet their financing needs, such as working capital, sales discounts, loans to purchase equipment and machinery, and financing for. It also promotes a network of banking and nonbanking intermediates. Users can find detailed information on the Bancomext products here.
The bank offers a wide variety of loan options to meet your company’s financial needs:
- Short-term revolving loans.
- Sales discounts.
- Buyers Credit.
Click here to learn more about the Bank’s diverse financing plans.
Bancomext expands opportunities to give your firm access to its products and services through its financial intermediates network. Bancomext thus makes its services available to firms across the nation through its financial intermediates network branches.
Every financial intermediate offer the same array of products and services.
Each development bank provides customer services focused on specific economic branches or sectors. If a company were to qualify to receive financial support from more than one development bank, such loans would complement each other.
Banco Nacional de Comercio Exterior (Mexico’s Foreign Trade Bank) is focused specifically on encouraging Mexican companies (namely small and medium firms) to trade in global markets by providing financing services and products to promote the foreign trade, regional growth, and create jobs across the nation.
Bancomext works with lines of credit from major Eximbanks and Export Credit Agencies (ECAs) across the globe.
Contact a Bancomext representative for information on the process you must follow to obtain the financing you need.
Bancomext offers the business community different credit mechanisms through the following products in its Financing for Pymex (small and medium exports companies) and Export credit divisions:
- Working Capital.
- Export sales.
- Capital project loans.
- Program to support the Tourist industry.
And many more; contact a financial intermediate or a Bancomext representative here, for more information on these products.
Each product and service has its own Terms and Conditions. Moreover, each financial intermediate determines the package of minimum information it needs to evaluate each application for financing that it receives.
However, loan eligibility is generally determined by meeting the following requirements:
- Be a legally incorporated company and have designated legal representatives.
- Maintain a sound financial position. In particular, your firm cannot be bankrupt, broke, on strike nor have to appear in court.
- Provide a credit bureau report free of incidents associated with provoking any type of impairment on other entities in the financial system or for repeated breach of obligations, especially those related to prevention code payments.
- Have updated financial and administrative information.
- Have a productive ongoing business or at least a feasible project.
Visit your preferred financial intermediate’s office to ask for more information and a full list of the requirements you must meet to apply for the specific financing product your company needs.
There are several mechanisms available for export activities and you can apply for different products and services based on your specific needs through the following Mexican Federal Government agencies or institutions, depending on your knowledge of the export process:
- Secretaría de Economía (SE).
- Secretaría de Hacienda y Crédito Público (SHCP).
- Secretaría de Agricultura, Ganadería, Desarrollo Rural, Pesca y Alimentación (SAGARPA).
- Secretaría de Salud (SSA).
Please visit the following Web page, in order to indentify the general requirements needed to create a business: Principal > Conoce la SE > Contacto PyME > Asesoría > Negocios > Guías de tramites , based on the following specific topics:
- Administrative processes.
- Personal characteristics needed to develop a company.
- Self-evaluation exercise to see if you have what it takes to be a entrepreneur.
- Selection process in a specific line of business.
- Companies engaged in the different economic activities.
- The company as a basic businesses unit.
- Business and its macroeconomic environment.
- Basic elements needed to succeed in business.
- Traditional small company problems and how to face them.
- Online market research course.
The subsection EXPORTACION in the same WEB PAGE also provides information on the following topics:
- The importance of the exporting activity.
- Strategic export aspects.
- Export procedures.
- Entry barriers.
- International negotiation terms and forms of payment collections.
- International agreements.
We suggest you draw on the mechanisms the Secretaría de Economía offers through its Negociaciones Comerciales / Estadísticas section in the WEB PAGE: Principal > Conoce la SE > Comercio Exterior > Estadisticas de Comercio Internacional.
Certain insurance companies offer products to help companies cover the payment risks of their domestic and export sales and make sure they have access to the most competitive trade conditions. Such is the case of the Cescemex Insurance Group that provides the following services:
- Whole-Turnover Domestic Credit Policy.
- Foreing Markets: Individual Supplier Credit Policy.
- Online services.
Additional benefits include:
- Access to guarantee loans.
- The establishment of credit limits.
- Money orders.
- Personalized consulting services.
Please visit the Cesce México website for more information on this topic.
For answers to your questions about exports, destination markets, export characteristics, such as product tariff sections, INCOTERMS and other subjects related to export trade click here.
We provide on this website different media to look for answers to your questions regarding Bancomext services and products.