Sebastian Kreis, expert contributor:
Mexican companies are often burdened by prohibitive interest rates and fees on loans, especially when compared to other developed countries. Factors such as the percevied risk of lending to Mexican companies and the country's high cost of capital contribute significantly to these inflated rates. In navigating this turbulent financial environment, companies are further burdened by frustratingly manual, inefficient, and antiquated processes. Solving a working capital issue in Mexico often feels like a Herculean task, demanding copious amounts of documentation and withstanding rigorous approval rounds. It's no surprise that many companies shelve their expansion plans, daunted by this cumbersome process.
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