There are numerous people who are interested in starting a small business in Brazil. Over the past few years, the economy has grown at a rapid pace. As a result, more people have money to invest.
The vast majority of banks in Brazil are not willing to lend money to small business owners. This makes it difficult for anyone to invest in an idea that they have for the future. Bradesco is one of the few banks with a comprehensive small business lending program. This is a great way for people to get the financing they need to invest in the future.
Luiz Carlos Trabuco Cappi decided to start the small business lending program many years ago. Although he resigned from the company, the program is still helping numerous new business owners. Each year, thousands of people get the financing they need to invest in their dreams.
Why Does Financing Matter?
A lack of capital is one of the biggest reasons that people cannot start a business. There are few banks willing to lend money to new business owners. However, potential business owners struggle to save money from their regular job. This creates a cycle where few new companies are started each year.
With the new lending program from Bradesco, small business owners are able to apply for business financing. Although there are strict lending requirements, it is still a great way for people to get the capital they need. Many business owners only need a little bit of capital to get started.
In addition, Luiz Carlos Trabuco Cappi decided to offer small business advice to loan applicants. At each banking location, there is a commercial lending expert who can help business owners tweak their financial plans for the future. A lot of people who want to start a company do not have any experience running a business. The entire process can be overwhelming for people who cannot get advice from someone who has business experience.
In many areas of Brazil, there are only a few banks for people to choose from. Online banking is available in Brazil, but not everyone has access to the internet. In places where Bradesco has a bank, the economic impact of the small business program has been significant. Not only are new businesses opening up, but the overall economic growth in these areas is higher. This is something that Luiz Carlos Trabuco Cappi is proud of from his time at Bradesco. Throughout his life, he has always had an appreciation for people who run their own business.
Although the economy in Brazil is doing well, there are still areas that Bradesco can improve. Over the next few months, the leaders of the company want to reduce expenses and increase profits. The search has started to replace Luiz Carlos Trabuco Cappi as CEO. This is a long process that will likely take a few months to complete.
Luiz Carlos Trabuco Cappi is now working on a variety of projects with different charities across Brazil. Although he still pays attention to the business environment, he wants to spend his time helping other people throughout the country. Luiz Carlos Trabuco Cappi made some mistakes while leading Bradesco, but he also left a positive impact on the company.