What is consortium?
Solutions to take your business to the next level
Consortiums are also an excellent option for getting your company’s expansion plans off the ground. Learn about the best options for this.
Properties
Expand your business and your results with consortia for the acquisition of corporate slabs, warehouses and commercial rooms.
Photovoltaic panel
Save on your electricity bill, add value to your company and achieve energy independence with a sustainable initiative.
Vehicles
Renew your company's fleet and invest in the future of your business.
Services
Make renovations and repairs, take courses, hire consultants and much more.
Agricultural machinery
Optimize your production by purchasing or renewing agricultural machinery and implements.
Steps
Learn about the steps involved in contracting a consortium with Apex.
Contact one of our advisors.
Consult with our experts and simulate different conditions until you find an ideal personalized proposal.
Make your installment payments and follow the monthly draws. If you wish, place a bid to have the chance to win your prize early.
After consideration, present the necessary documents for credit release and, when completed, purchase the desired asset.
FAQ
The consortium serves to facilitate access to credit for the acquisition of different goods and services, such as real estate, cars, boats, agricultural machinery, plastic surgery and much more.
Consortium and financing are forms of credit to acquire goods or services, but there are many differences between them.
The consortium is formed by a group of people who contribute resources to a common fund. There is no interest charge and there is no set date for each member to be considered. Monthly draws or bids are held to determine the participant who will be able to purchase the desired item each month.
Financing is done directly between the customer and a financial institution, which lends the money needed to purchase the good or service in exchange for the payment of interest and other fees on the amount borrowed. It is usually more bureaucratic, with a credit analysis, and may require collateral. However, as soon as the financing is released, the customer can purchase the desired good.
Bidding is a modality offered by consortia that allows you to compete for a prize by paying installments in advance. There are different types of bids:
Free bid: an offer of an amount stipulated by the consortium member in order to increase their chances of winning. This means that they will advance some installments according to the extra amount they are willing to pay. Therefore, the letter of credit may be issued more quickly if they offer the highest amount.
Fixed bid: the administrator sets the bid value according to the addendum for each group, and anyone willing to bid that amount participates in the modality. When there is more than one bid, the company defines the winner based on its criteria.
Limited bid: consortium members who offer the predetermined bid in the group addendum entered compete. This value is different from the fixed bid modality and the tiebreaker criterion follows the one established by the company.
Loyalty offer: designed especially for members of selected groups who are in good standing. In this case, participants who have been contributing for a certain amount of time can participate. It is a way of valuing those who have been with the administrator for a longer period of time.
Contemplation is the granting of credit to the selected consortium member for the acquisition of the desired good or service. After contemplation, the credit release procedure is carried out, with a request for inspection, analysis of the registration and legal analysis of certificates. Each consortium segment, such as real estate, vehicle or service consortium, requires specific documents.
The assemblies are monthly meetings held by the participants of a consortium group to present accounts to the administrator and to award one of the consortium members by drawing lots or bidding.
The draw is based on the results of the federal lottery. All participants who are up to date with their consortium payments compete equally.