Mexico SME Financing - Although Mexico is the United States's second largest trading partner, the lack of financial options for small and medium sized enterprises (SMEs) is often cited as the primary obstacle for U.S. companies selling to Mexico.
The Government of Mexico recognizes the importance of SME's, which produce 50% of Mexico GDP, and encourages financial institutions to provide more favorable financing terms to these companies.
This is good news for U.S. firms since their Mexican partners and clients will be more likely have access to financing to buy from the United States.
It is very important to recognize that many Mexican SMEs are typically very small family-owned businesses. Most of them have between 1 and 9 employees. In the U.S. context, these are micro-enterprises. |
