Name:

Enrollment:
Module: Financial Administration
Evidence: Cash, accounts receivable and
inventory management
Advisor: Ernesto George Wright Ledesma
Date:
 9% FINANCING
COMMERCIAL
National CHARACTERISTICS:
In the Banking andCommission
Securities sector, trade » Term: medium to long term
credits are direct or contingent credits, » Destination: specific
short-term credits granted by suppliers to
" Collateral: diverse, it can be the sales of the company or the
a company in order to finance their
machinery being purchased.
purchases. It has a dual point of view: for
The requirements to contract this type of credit are as follows:
the supplier it is a customer credit and for
the customer it is a supplier credit.
RF
C
GUARANTEES (REAL ESTATE OR
COLLATERAL)
VALID OFFICIAL IDENTIFICATION

CONSTITUENT ACT

NOTARIAL
POWER OF
PROOF OF INCOME
ATTORNEY
FINANCIAL
STATEMENTS
 9% FINANCING
GOVERNMENT
from the sector REQUIREME
NTS:
to support small and medium-size CURP valid official
enterprises (SMEs). The government is
constantly launching calls for different identification
schemes to support SMEs, among which RFC
are the following: Seed capital program,
Articles of Incorporation
incubator program in which, in addition to
providing credit, it also offers advice so Power of attorney
that they can better manage their financial Proof of address
situation and NACIONAL FINANCIERA . In Certification of training course in business topics, business project
some cases, rates range from 13% per Application for credit, permits and licenses according to business line of
annum plus account opening and business
commissions. Warranties
Registering in the Electronic System of Notices and Permits of
Commercial Establishments (SIAPEM)
Tax returns.
 FIDUCIARY TRUST
It is a contract in which an individual or legal entity assigns certain assets or
rights for a lawful purpose for its own benefit or for the benefit of a third
party, entrusting the realization of such purpose to a fiduciary institution,
such assets may be real estate, cash, securities, insurance policy rights or
shares.
In Mexico, the General Law of Securities and Credit Operations establishes the
issuance, issuance, endorsement and acceptance of trusts.
Examples of these are the BBVA, CITIBANAMEX, INVEX and BANCOMEXT trusts.
Requirements:
Employer->INE, CURP, RFC,
Articles of Incorporation.
Powers of attorney of the legal
representative. Proof of address
(not olderthan three years) Tax
ID.
Current official identificationof
the attorneys-in-fact
 BANK FINANCING

These are loans granted by the banking system to the The following documents
Requirements: Fill out theare
The following
financingcompanies
is short-term financing that companies obtain through required:
applicationcredit
formcard, RFC,
banks with which they establish functional relations. official identification, articles
The authorized amounts vary depending on the credit capacity granted of incorporation and powers of
to the companies, while the terms are adjusted according to the bank's attorney, proof of income,
policy, the type of credit, which may be short or long term, or there are compliance with the required
also financing options for international or foreign trade projects.
The interest rate oscillates with a CAT of 12% as a minimum and it operating time, a joint and
increases as the loan increases or according to the term granted by the several obligor and payment of
bank. the credit opening fee.
 PART 2
Based on the information you researched, look at the following case and choose 2 of the financing sources you
BANAMEX
researched AMORTIZATION
(e.g. Nafinsa and Banorte) and make an amortization table for each of them, using real data on interest rate,
RATE
term, requirements, etc.
24 $5,050.80 $2,391.29 $7,442.09 $147,991.61

No. Maquiladora S.A. has been in operation for 3 years 25 and requires funds to $2,312.37
$5,129.72 finance the acquisition
$7,442.09 of industrial
$142,861.89
Payment Capital Interests Monthly
equipmentTotal Unpaid
valued at Balance
$250,000. Based on its
26 EBITDA, the company
$5,209.87 estimates
$2,232.22 that it can
$7,442.09 make quarterly
$137,652.02
1 $3,535.84 $3,906.25 $7,442.09 $246,464.16
payments
2
on the loan.$3,851.00
$3,591.09
Management$7,442.09
contemplates a$242,873.07
maximum credit horizon of 4 years.
27 $5,291.28 $2,150.81 $7,442.09 $132,360.74

28 $5,373.95 $2,068.14 $7,442.09 $126,986.79

3 $3,647.20 $3,794.89 $7,442.09 $239,225.88
29 $5,457.92 $1,984.17 $7,442.09 $121,528.87
4 $3,704.18 $3,737.90 $7,442.09 $235,521.69
30 $5,543.20 $1,898.89 $7,442.09 $115,985.66
5 $3,762.06 $3,680.03 $7,442.09 $231,759.63
31 $5,629.81 $1,812.28 $7,442.09 $110,355.85
6 $3,820.84 $3,621.24 $7,442.09 $227,938.78
32 $5,717.78 $1,724.31 $7,442.09 $104,638.07
7 $3,880.55 $3,561.54 $7,442.09 $224,058.24 33 $5,807.12 $1,634.97 $7,442.09 $98,830.95
8
Option 1: Bank financing.
$3,941.18 $3,500.91 $7,442.09 $220,117.06 34 $5,897.86 $1,544.23 $7,442.09 $92,933.10
9
BANK: BANAMEX$3,439.33
$4,002.76 $7,442.09 $216,114.30 35 $5,990.01 $1,452.08 $7,442.09 $86,943.09
Amount: $250,000.00
10 $4,065.30 $3,376.79 $7,442.09 $212,049.00
Term: 48 months/4 years 36 $6,083.60 $1,358.49 $7,442.09 $80,859.48
11Arrangement
$4,128.82 fee:$3,313.27
2%. $7,442.09 $207,920.17 37 $6,178.66 $1,263.43 $7,442.09 $74,680.83
12Amount of opening commission excluding VAT:
$4,193.34 $3,248.75 $7,442.09 $5,000.00
$203,726.84 38 $6,275.20 $1,166.89 $7,442.09 $68,405.62

13Fixed$4,258.86
interest rate: 18.75%.
$3,183.23 $7,442.09 $199,467.98 39 $6,373.25 $1,068.84 $7,442.09 $62,032.37

14PAYMENT AMOUNT
$4,325.40 EXCLUDING
$3,116.69 TAX: $7,442.09
$7,442.09 $195,142.58 40 $6,472.83 $969.26 $7,442.09 $55,559.54

15CAT: 21.8%.
$4,392.99 $3,049.10 $7,442.09 $190,749.59 41 $6,573.97 $868.12 $7,442.09 $48,985.57

16 $4,461.63 $2,980.46 $7,442.09 $186,287.96 42 $6,676.69 $765.40 $7,442.09 $42,308.88

17 $4,531.34 $2,910.75 $7,442.09 $181,756.62 43 $6,781.01 $661.08 $7,442.09 $35,527.87

18 $4,602.14 $2,839.95 $7,442.09 $177,154.48 44 $6,886.97 $555.12 $7,442.09 $28,640.90

45 $6,994.58 $447.51 $7,442.09 $21,646.32

19 $4,674.05 $2,768.04 $7,442.09 $172,480.43
46 $7,103.87 $338.22 $7,442.09 $14,542.46
20 $4,747.08 $2,695.01 $7,442.09 $167,733.35
47 $7,214.86 $227.23 $7,442.09 $7,327.60
21 $4,821.26 $2,620.83 $7,442.09 $162,912.09
48 $7,327.60 $114.49 $7,442.09 $0.00
22 $4,896.59 $2,545.50 $7,442.09 $158,015.51
357,220.28
23 $4,973.10 $2,468.99 $7,442.09 $153,042.41
 2 CREDIT: NAFIN AMORTIZATION TABLE

Amount: Payment Dead Paymen

$250,000.00 Year Sdo. Capital Capital Payment P. Int. Amount line Sdo. Capital t No Date
1 $250,000.00 $12,160.03 $8,125.00 $20,285.03 90 $237,839.97 1 09/05/2020
Term: 48 1 $237,839.97 $12,555.23 $7,729.80 $20,285.03 90 $225,284.73 2 07/08/2020
months/4
1 $225,284.73 $12,963.28 $7,321.75 $20,285.03 90 $212,321.45 3 05/11/2020
years
Payment: 1 $212,321.45 $13,384.59 $6,900.45 $20,285.03 90 $198,936.87 4 03/02/2021
Quarterly 2 $198,936.87 $13,819.58 $6,465.45 $20,285.03 90 $185,117.28 5 04/05/2021
Fixed interest 2 $185,117.28 $14,268.72 $6,016.31 $20,285.03 90 $170,848.56 6 02/08/2021
rate: 13%. 2 $170,848.56 $14,732.45 $5,552.58 $20,285.03 90 $156,116.11 7 31/10/2021
CAT:
21.8%. 2 $156,116.11 $15,211.26 $5,073.77 $20,285.03 90 $140,904.85 8 29/01/2022
3 $140,904.85 $15,705.63 $4,579.41 $20,285.03 90 $125,199.22 9 29/04/2022
3 $125,199.22 $16,216.06 $4,068.97 $20,285.03 90 $108,983.16 10 28/07/2022
3 $108,983.16 $16,743.08 $3,541.95 $20,285.03 90 $92,240.08 11 26/10/2022
3 $92,240.08 $17,287.23 $2,997.80 $20,285.03 90 $74,952.85 12 24/01/2023
4 $74,952.85 $17,849.07 $2,435.97 $20,285.03 90 $57,103.79 13 24/04/2023
4 $57,103.79 $18,429.16 $1,855.87 $20,285.03 90 $38,674.63 14 23/07/2023
4 $38,674.63 $19,028.11 $1,256.93 $20,285.03 90 $19,646.52 15 21/10/2023
4 $19,646.52 $19,646.52 $638.51 $20,285.03 90 $0.00 16 19/01/2024
 "AFLUENTA Credit amortization table
DITO
Capital Amortized Interest for the
Payment No. Admin. VAT Total Payment Debt Balance
Amount: in the period Period

$250,000.00
Term: 48 Payment 1 $3,532.00 $3,916.67 $232.50 $663.87 $8,345.04 $246,468.00

Months Payment 2 $3,587.34 $3,861.33 $229.50 $654.53 $8,332.70 $242,880.66

Nominal Annual Payment 3 $3,643.54 $3,805.13 $226.45 $645.05 $8,320.17 $239,237.12
Rate 18.80% Payment 4 $3,700.63 $3,748.04 $223.35 $635.43 $8,307.45 $235,536.49

Payment 5 $3,758.60 $3,690.07 $220.21 $625.64 $8,294.52 $231,777.89

CAT excluding
VAT: 26.27%. Payment 6 $3,817.48 $3,631.19 $217.01 $615.71 $8,281.39 $227,960.41
CAT with VAT: Payment 7 $3,877.29 $3,571.39 $213.77 $605.62 $8,268.07 $224,083.12
31.28%. Payment 8 $3,938.04 $3,510.63 $210.47 $595.38 $8,254.52 $220,145.08
Commission:
$17,400.00 Payment 9 $3,999.73 $3,448.94 $207.12 $584.97 $8,240.76 $216,145.35
Note: the amount of Payment 10 $4,062.39 $3,386.28 $203.72 $574.40 $8,226.79 $212,082.96
the $250,000 will be Payment 11 $4,126.04 $3,322.63 $200.27 $563.66 $8,212.60 $207,956.92
reduced by the Payment 12 $4,190.68 $3,257.99 $196.76 $552.76 $8,198.19 $203,766.24

amount of the Payment 13 $4,256.33 $3,192.34 $193.20 $541.68 $8,183.55 $199,509.91

commission, so the Payment 14 $4,323.02 $3,125.65 $189.58 $530.43 $8,168.68 $195,186.89

applicant would Payment 15 $4,390.74 $3,057.93 $185.91 $519.02 $8,153.60 $190,796.15

receive $232,600.00. Payment 16 $4,459.53 $2,989.14 $182.18 $507.41 $8,138.26 $186,336.62

Payment 17 $4,529.40 $2,919.27 $178.39 $495.62 $8,122.68 $181,807.22

Payment 18 $4,600.35 $2,848.32 $174.54 $483.66 $8,106.87 $177,206.87

Payment 19 $4,672.43 $2,776.25 $170.63 $471.50 $8,090.81 $172,534.44

Payment 20 $4,745.64 $2,703.03 $166.65 $459.14 $8,074.46 $167,788.80

Payment 21 $4,819.98 $2,628.69 $162.62 $446.61 $8,057.90 $162,968.82

Payment 22 $4,895.49 $2,553.18 $158.52 $433.87 $8,041.06 $158,073.33

Payment 23 $4,972.19 $2,476.48 $154.36 $420.94 $8,023.97 $153,101.14

 1
0
$5,129.2 $7,988.9
1 $2,319.46 $145.84 $394.44 5 $142,921.85
Payment
26 $5,209.56 $2,239.11 $141.48 $380.90 $7,971.05 $137,712.29
Payment
27 $5,291.18 $2,157.49 $137.06 $367.13 $7,952.86 $132,421.11
Payment
28 $5,374.07 $2,074.60 $132.56 $353.15 $7,934.38 $127,047.04
Payment
29 $5,458.27 $1,990.40 $127.99 $338.94 $7,915.60 $121,588.77
Payment
30 $5,543.78 $1,904.89 $123.35 $324.52 $7,896.54 $116,044.99
Payment
31 $5,630.63 $1,818.05 $118.64 $309.87 $7,877.19 $110,414.36
Payment
32 $5,718.85 $1,729.82 $113.85 $294.99 $7,857.51 $104,695.51
Payment
33 $5,808.44 $1,640.23 $108.99 $279.88 $7,837.54 $98,887.07
Payment
34 $5,899.44 $1,549.23 $104.05 $264.53 $7,817.25 $92,987.63
Payment
35 $5,991.86 $1,456.81 $99.04 $248.94 $7,796.65 $86,995.77
Payment
36 $6,085.74 $1,362.93 $93.95 $233.10 $7,775.72 $80,910.03
Payment
37 $6,181.08 $1,267.59 $88.77 $217.01 $7,754.45 $74,728.95
Payment
38 $6,277.92 $1,170.75 $83.52 $200.68 $7,732.87 $68,451.03
Payment
39 $6,376.27 $1,072.40 $78.18 $184.09 $7,710.94 $62,074.76
Payment
40 $6,476.16 $972.51 $72.76 $167.24 $7,688.67 $55,598.60
Payment
41 $6,577.63 $871.04 $67.26 $150.13 $7,666.06 $49,020.97
Payment
42 $6,680.68 $767.99 $61.67 $132.75 $7,643.09 $42,340.29
Payment
43 $6,785.34 $663.34 $55.99 $115.09 $7,619.76 $35,554.95
Payment
44 $6,891.64 $557.03 $50.22 $97.16 $7,596.05 $28,663.31
Payment
45 $6,999.61 $449.06 $44.36 $78.95 $7,571.98 $21,663.70
Payment
46 $7,109.27 $339.40 $38.41 $60.45 $7,547.53 $14,554.43
Payment
47 $7,220.66 $228.01 $32.37 $41.66 $7,522.70 $7,333.77
Payment
48 $7,333.77 $114.90 $26.23 $22.58 $7,497.48 $0.00
 1
1
CONCLUSION

When seeking financing, it is necessary to take into account the purpose for which
the capital is sought, to have clearly defined what the credit will be invested in,
whether in fixed assets, furniture and equipment, current assets such as
merchandise, raw materials, etc. Also keep in mind the term of the credit, in order to
have a plan or several plans that allow you to cover that credit, so that the capital of
the credit that is invested allows you to generate the profits to cover it.
When comparing financing options, it is important to take into account aspects
such as terms, conditions, interest rates and requirements. Fortunately, nowadays
the market offers a wide range of options that adapt to a greater or lesser extent to
the situation of each company, making it easier to compare which one is more
viable for our business.
 1
2
REFERENCES
ROCIO TENA RODRIGUEZ. (2018). FINANCING IS IMPORTANT. 2020, by
RANKIA Website: https://www.rankia.mx/blog/emprendimiento-juntos/3852126-financiamiento-
importante

MARKETING ONLY. (2019). WHY IS FINANCING IMPORTANT? 2020, from DIGITALIST HUB Website:
https://digitalisthub.com/por-que-es-importante-el-financiamiento-para-empresas/

ARTURO SOLIS. (2018). These are the main sources of financing for entrepreneurs. 2020, of
FORBES Website:
https://www.forbes.com.mx/estas-son-las-principales-fuentes-de-financiamiento-para-
emprendedores/

N/A. (N/A). FINANCING. 2020, from PROYECTOS MEXICO Web site:

https://www.proyectosmexico.gob.mx/como-invertir-en-mexico/financiamiento/

BASE BANK. (2019). Main sources of financing in Mexico. 2020, from GRUPO FINANCIER AS
Web site: https://blog.bancobase.com/las-principales-fuentes-de-recursos-financieros-en- E
 1
mexico 3