Boost Your Business with BBVA: Financial Guide for Entrepreneurs and SMEs (Accounts, Credits, and POS Terminals)

Are you an entrepreneur or an SME looking for financial support to grow? This guide shows you how BBVA business accounts, BBVA SME loans, and BBVA point-of-sale (POS) terminals can be your allies, along with key management tips.

Starting or running a small or medium-sized business (SME) in Mexico is an exciting challenge, but financial management can be a headache. Having a banking partner like BBVA that understands your needs is crucial.

From a suitable BBVA business account to BBVA SME lending options and tools like point-of-sale (POS) terminals, here's how BBVA can support your business's growth.

Separating your personal and business finances is essential from day one. A BBVA business account offers you:

• Professionalism: Projects a more serious image to clients and suppliers.
• Accounting Clarity: Facilitates tracking of your business's income and expenses, essential for taxes and analysis.
• Access to Specific Products: This is the gateway to other services such as business loans and POS terminals.

BBVA typically offers different types of business accounts, tailored to the size and volume of transactions. Research which one best suits your needs, considering:

• Opening and handling costs.
• Number of transactions allowed (SPEI, checks).
• Access to online and mobile business banking.

Accepts Card Payments: BBVA Point of Sale Terminals (POS)

Nowadays, not accepting card payments means losing customers. BBVA POS terminals (also known as "banking terminals" or "dataphones") allow your business to:

• Increase Sales: Many customers prefer to pay by card.
• Greater Security: Less cash handling in your establishment.
• Faster Cash Flow: Deposits from your sales are usually agile.

BBVA offers a variety of POS terminals, from traditional ones connected to a telephone line or the internet, to mobile POS terminals that work with a smartphone or tablet, ideal for businesses on the go or with limited space. Consider:

• Transaction fees: Vary depending on the type of business and sales volume.
• Cost of the terminal or monthly rent.
• Connectivity and portability.
• Additional services: Such as interest-free months for your customers.

"Good financial management is the driving force behind any successful SME. The right tools make all the difference." — Business Consultant

Financing for Growth: BBVA SME Loans

Every growing business needs capital, whether it's to invest in inventory, machinery, expand its premises, or cover operating expenses. BBVA offers loans designed for SMEs, but it's vital to prepare before applying for one:

• Have a Solid Business Plan: What do you need the money for and how will you repay it?
• Business (and Personal) Credit History: If your business is new, your personal credit history will be relevant. Good payment habits are crucial.
• Clear Financial Statements: Balance sheets, income statements, cash flow. Demonstrate your company's financial health.
• Guarantees: Some loans may require a guarantee (mortgage, collateral) or a guarantor.

Types of SME Credit that you could find at BBVA:

• Simple Credit: For working capital or investment in fixed assets, with monthly payments.
• Revolving Credit: A line of credit that you can use, pay off, and use again as needed.
• Financial Factoring: BBVA advances the payment of your receivables, improving your liquidity.
• Financial Leasing: To acquire assets (machinery, transportation equipment) by paying rent, with an option to purchase at the end.

Basic Financial Management Tips for BBVA Clients (and All Entrepreneurs)

Having BBVA products is a big step, but good management is essential:

• Keep a Detailed Budget: Know your fixed and variable income and expenses.
• Monitor your cash flow: Make sure you have enough liquidity to operate. BBVA's online banking can help you monitor this.
• Separate Your Finances: We repeat! Don't mix business money with your own.
• Review your financial statements regularly: Understand the profitability and health of your company.
• Manage your inventory efficiently: Avoid having too much capital tied up.
• Be careful with debt: Apply for loans responsibly and only when you really need them and can afford to repay them.
• Consider Professional Advice: An accountant or financial advisor can be an excellent investment.

BBVA can be a strategic partner for the development of your small business or venture. Take advantage of its tools, from business accounts and POS terminals to loans for SMEs, but remember that the foundation of success lies in disciplined and well-informed financial management.

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