Individuals can obtain loans from the BNDES if the funds are earmarked for the development of productive ventures. See below the options provided by the National Bank for Economic and Social Development if you want to launch new businesses or update existing ones.

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Do you have a BNDES personal loan?

If you need a travel loan or want to repair your property, the BNDES won't give you credit. As its name suggests, the National Bank for Economic and Social Development offers loans for economic development, and only finances projects with the following objectives:

• Business modernization;
• Current business expansion;
• Conquering new ventures.

To qualify for a BNDES loan, the company or organization must aspire to the development of employment, income and social inclusion in the country, as well as being in the bank's areas of operation.

The areas in which the BNDES grants loans are as follows:

• Agriculture and Livestock;
• Economy and creative culture;
• Regional and Territorial Development;
• Export;
• Trade, industry and services;
• The infrastructure;
• Innovation;
• Environment;
• Capital market;
• Micro, small and medium-sized enterprises;
• Social.

Before submitting a loan application, it is essential to understand that the BNDES classifies its clients according to size:

• Included in this group of micro-entrepreneurs and individuals, whether informal or already formalized, are truck drivers.
• Micro, small and medium-sized enterprises include all businesses with an annual turnover of up to R$ 40 million.
• Medium-sized companies: those with a minimum annual turnover of R$ 40 million and a maximum annual turnover of R$ 300 million.
• Large corporations are those with an annual turnover of more than R$ 300 million.
• Infrastructure: includes Infrastructure Holdings and SPEs that seek to solve the country's challenges, regardless of annual turnover.
• Agricultural sector: includes all rural producers and companies in the sector, regardless of their income.
• Municipalities, states and the Union are financed by the public sector.

BNDES - Individual Solar Energy Loan

In addition to Microloans of up to R$ 20,000, the following applications are available for BNDES loans to individuals:

1. For everyday needs, such as working capital;
2. In investment initiatives;
3. For the purchase of machinery and equipment;
4. For the purchase of trucks and buses;
5. To finance the purchase of cars for rural work (tractors, harvesters and sprayers).

However, they are not the only loan requests from the BNDES. The bank offers a variety of programs and funds that allow you to invest in other sectors.

The Climate Fund, which encourages the purchase and installation of solar energy equipment, is one example. The credit from this fund allows consumers to finance up to 80% of equipment.

How do I get a loan from BNDES?

According to the description above, everyone who wants a business loan meet the "Micro-entrepreneurs and Individuals" profile. This profile is the same regardless of the segment of activity (industry, commerce or services) or whether the entrepreneur has already established their status or is still operating informally.

Online loan applications are sent via the MSME. The applicant must be clear about how much funding they need and present a precise plan. After evaluating this information, they will be presented with options that match their profile and financial needs. After determining which loan is ideal for their company, the client must send an application directly to the selected BNDES partner.

BNDES credit simulation

Before signing a contract, it is essential to simulate a loan to assess its advantages and disadvantages and compare it with alternative proposals on the market.

Simultaneously with the personal loan simulation, the BNDES loan simulation is carried out; you must provide your personal information and a proof of residence. The significant difference is that you will need to submit a proposal detailing the company's turnover, its impact on the loan investment and other business goals.

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Through the MSME website, anyone can obtain information about loans financed by the National Bank for Economic and Social Development through its partners. However, it's wise not to simply buy into these ideas.

There are a number of credit offers for companies and businesses owned by individuals that do not require payments from the federal government with fewer restrictions on release, and it is practical to evaluate and contrast these other ideas to select the most convenient one.