According to the 4th edition of the UPS Business Monitor Latin America, a common challenge identified by small to medium sized enterprises (SMEs) is a lack of access to capital financing for investments in their businesses. These investments can range from the hiring of more employees to purchasing specialized equipment, all under the objective of growing the business.
So what’s an SME with an eye on growth to do? UPS Capital®, the financial services arm of UPS, is expanding its Latin American network with the opening of new offices in Bogota, Colombia, and Lima, Peru. SMEs in both markets now have access to credit with very competitive terms and conditions for financing for the purchase of capital equipment through the use of Export Credit Agency guarantees.