Export Support: Who Qualifies and What You Get
Learn how businesses in Mexico can access financing and insurance to help them sell their products to international customers.
Export Support provides financial assistance and protection for businesses that want to sell their goods and services to customers in other countries.
Who it's for
This scheme is designed for businesses that are looking to expand their reach and sell their products abroad. It is intended for companies that have identified international markets and are looking for the specific tools needed to manage the complexities of global trade.
What you get
You can access financing to help fund your international trade activities and insurance to protect your business against the risks involved in exporting. This combination of tools helps manage the costs of moving goods across borders and provides a layer of security for your business operations when dealing with foreign buyers.
What it costs you
To participate, you will need to provide a detailed export feasibility study. This is a comprehensive report that proves your plan to sell abroad is practical and viable. You must demonstrate that your business has the capacity to meet the demands of an international market and that your proposed export strategy is sound before you can access the benefits.
The catch to know
The main thing to keep in mind is that this support is mainly for established businesses. Because the scheme requires a feasibility study and focuses on international trade, it is geared toward companies that already have a functional business model and are looking to scale their operations into new territories.
How to apply
- Conduct a detailed feasibility study to prove your export plan is viable.
- Gather all necessary business documentation to show your company is well-established.
- Reach out to Bancomext to discuss your specific needs for financing and insurance.