Crédito para empresas: impulsionando o crescimento de seu negócio

In today's fast-paced economy, access to credit can be the catalyst that transforms a small venture into a thriving enterprise.

The corporate credit market in Brazil is evolving rapidly, offering unprecedented opportunities for businesses to scale and innovate.

With corporate credit reaching R$ 2.6 trillion in November 2025, the landscape is ripe for strategic financial planning and growth.

The Current Landscape of Corporate Credit

Understanding the data behind corporate credit is crucial for making informed decisions.

In November 2025, corporate credit in Brazil saw a monthly growth of 0.3% and an annual rate of 7.0%, reflecting a steady but cautious expansion.

This growth is part of a broader trend, with credit concessions for legal entities reaching R$ 644.1 billion in July 2025, despite a slight monthly dip.

The total outstanding loans stood at R$ 7.0 trillion in November 2025, highlighting the scale of financial activity in the country.

• Credit growth accelerated to 9.5% annually until July 2025, up from 8.9% in June.
• Concessions showed resilience with a 9% increase over 12 months by July 2025.
• Private sector credit hit a record R$ 1,020,992 million in October 2025, signaling robust demand.

This data underscores a market that, while facing headwinds, continues to support business expansion through accessible financing.

Interest Rates: Challenges and Perspectives

Interest rates play a pivotal role in shaping the cost and availability of credit.

The Selic rate, Brazil's benchmark interest rate, is currently at 15% per year in December 2025, one of the highest among major economies.

This high rate affects business loans, with a sensitivity where a 1 percentage point increase in Selic raises corporate loan rates by about 0.7 points after four months.

The average interest rate for all credit contracts was 31.4% per year in July 2025, remaining stable but posing challenges for affordability.

Looking ahead, projections indicate a potential easing, with inflation forecast at 4.29% by end of 2026, which could lower borrowing costs.

Alternative Financing Mechanisms

Beyond traditional banks, businesses have diverse options to secure funding.

The rise of fintechs has been transformative, with digital banks accounting for over 10% of non-payroll personal loans in 2024, driving competition and innovation.

Additionally, the corporate bond market has surged, with financing via bonds tripling as a percentage of GDP over the last decade.

• Corporate bond issuances grew by 30% in 2024, offering tax-exempt opportunities.
• This diversification helps reduce reliance on concentrated banking sectors and lowers average interest rates.
• Fintech expansion has made credit more accessible, especially for small and medium-sized enterprises seeking agile solutions.

Embracing these alternatives can provide businesses with more flexible and cost-effective financing routes.

Factors Driving Growth

Several cyclical and structural factors are fueling the expansion of corporate credit.

Cyclically, the Brazilian economy grew faster than expected, supported by low unemployment and rising consumer incomes, which boosted demand for business financing.

Structurally, key changes include reduced banking concentration and the growth of fintech and bond markets, enhancing competition and access.

• Economic growth outpaced projections, creating a favorable environment for investment.
• Increased competition from fintechs has pressured traditional banks to lower rates.
• Bond market growth offers long-term financing options for corporate expansion.

These drivers highlight how both market dynamics and policy shifts are shaping a more inclusive credit ecosystem.

Perspectives for 2026

The outlook for 2026 presents both opportunities and cautionary notes for businesses.

GDP growth is projected to slow to 2.1% in 2025 and 1.8% in 2026, signaling economic deceleration that could impact credit demand.

However, private sector loans are expected to reach approximately R$ 938.184 billion in 2026, with further growth to R$ 961.639 billion in 2027, indicating sustained financial activity.

Monetary policies are set to become more favorable, with central banks prepared to reduce interest rates, potentially lowering the cost of capital for businesses.

• Industry and commerce show slower growth rates, urging businesses to plan strategically.
• Services remained stable, offering potential areas for credit investment.
• Rate reductions could make financing more affordable in the near future.

By anticipating these trends, companies can position themselves to leverage credit effectively during periods of change.

Risks and Challenges

Navigating the credit landscape requires awareness of potential pitfalls.

Delinquency rates have risen, with a 9% increase in September 2025 year-over-year, affecting about 80 million consumers with debts near R$ 500 billion.

This has led financial institutions to reduce credit supply, tightening access for some businesses.

Additionally, the economic slowdown in key sectors like industry and commerce could dampen overall credit demand and repayment capacity.

• High delinquency poses a risk to financial stability and credit availability.
• Reduced credit supply may impact smaller businesses disproportionately.
• Businesses must assess their own financial health to avoid over-leveraging.

Proactively managing these risks through careful planning and diversification can help mitigate negative impacts.

Opportunities for Businesses

Despite challenges, the current climate offers significant avenues for growth through credit.

With interest rates projected to fall, businesses can explore lower-cost financing options for expansion projects.

Diversifying credit sources, such as tapping into fintech platforms or bond markets, can reduce dependence on traditional banks and improve terms.

The sensitivity of corporate loans to rate changes means that strategic timing of borrowing can yield substantial savings.

• Use alternative mechanisms to access competitive interest rates and flexible terms.
• Leverage projected economic policies to plan investments during rate cuts.
• Focus on sectors like services that show stable growth potential for credit utilization.

By embracing these opportunities, businesses can harness credit to innovate, scale, and thrive in a competitive market.

In conclusion, the corporate credit landscape in Brazil is dynamic, with data-driven insights revealing pathways for growth.

By understanding interest rate trends, exploring alternative financing, and navigating risks, businesses can unlock the full potential of credit.

With careful planning and a proactive approach, credit can indeed be a powerful engine for boosting your company's growth and securing a prosperous future.