Steps to Credit Line Access

1st step
Initial Interview

The first step to gain access to Banco do Nordeste credit lines is to arrange an interview with one of our managers. Just visit one of our branches an exponse your investiment projects, your experience in the area, your market knowledge and other relevant information on your venture. 

The manager will inform you on the funds available for your prospective business, financing items, the Bank´s financial share, guarantees and grace periods, amongst other details.

2nd step
Registration*

A registration form with the relevant information on the company must be completed, including data on assets, financial and economic situation and previous credit experience with the Bank and other financial institucions, as well as information on the company partners, administrators and sureties.

* Bank fees apply to registration procedures.

3rd step
Consultation Letter

For projects for a requested amount over R$ 1 million (one million Brazilian Reais), the company must prepare a consultation letter including general information on the project, for preliminary evaluation by the Bank. The steps to prepare this consultation letter are available at the Banco do Nordeste website: www.bnb.gov.br

4th step
Manager Visit

Seeking a deeper understanding of the project, the manager may make an appointment to visit the company or the project location.

5th step
Authorization of financial & economic feasibility study

After the management visit (if applicable) and registration approval, the Bank will submit a letter authorizing the elaboration of the financial & economic feasibility study.

6th step
Project Elaboration

The project is the formal document that summarizes the relevant information on the company and its business plan. The project shall be prepared according to the model set by the Bank, to simplify customer service. It is the project designer´s responsability to comply with the terms agreed between the represented company and the Bank, including operation terms, amount and availability of company resources to be invested in the project and guarantees. This document must include relevant data related to the credit operation analysis and agreement, including the evaluation of the estate (s) that might be part of the financing guarantee. It is of paramount importance that you are familiar with the features discussed in this document. As soon as the project is completed, it should be submitted to your branch manager. Please access the Banco do Nordeste website www.bnb.gov.br to download the Information on Steps to BNB Project Elaboration. 

Important!!!

The elaboration of a project in accordance with the norms, criteria and other issues negotiated with the Bank, as well as avoiding pending necessary documentation will speed up your analysis and approval. In this case, the Bank could close the deal in up to 60 days couting from the date on which the relevant Bank branch received the project.

7th step
Project Analysis*

As a means of offering more safety to the planned undertaking, the Bank will analyze the tecnical, economic and financial information, the adequacy and sufficiency of the guarantees offered and other relevant issues that may apply. In order to reach a qualitative analysis, other relevant aspects shall be considered, such as socioeconomic merit, the company´s technical and administrative management, technological adequacy and marketing and environmental issues. Once the project receives a favorable opinion, regarding its viability, the process will go on to the next step: the loan agreement.

* Bank fees apply to the Technical Project Study and Analysis.

8th step
The Contract

The contract is the formalization of the credit operation between the company and the Bank. The relevant Bank branch will elaborate the credit documents which, after being signed, shall be sent to you for registration with a local registry office.

Shortly afterwards, the loan installments will begin to be paid according to the agreed schedule.

9th step
Payment of Loaned Resources

The payment of loaned resources will be accredited in the company´s current account. For goods such as machinery, furniture and utensils, the payment shall be made directly to the supplier. For each payment made by the Bank, the company shall simultaneously contribute with its own resources. Each payment shall be preceded by an inspection carried out by the Bank in order to check the correct investment of both the company and the Bank´s previous installment funds.

10th step
Reimbursement

This step includes the company´s payment of funds financed by the Bank. Payment shall be made as agreed in the credit agreement, being made monthly, quarterly, biannually or yearly, according to the specifications of each project.

Don´t Forget!!!

It is very important that the payment of the loan installments be made with strict punctuality, as this brings about huge benefits for you and your company, including a goo-standing bonus if the project is financed with FNE funds.

11th step
Follow-Up

This step comprises the systematic and efficient management of a set of measures, tools and procedures that put the emphasis on the client and all the transactions carried out with the Bank, especially those related to the implementation and management of the financed project.