Banking puts obstacles to the financing of 80% of SMEs
The money does not reach small and medium enterprises (SMEs). What until yesterday was a comment of the living room was largely confirmed by a survey released by the chambers of commerce in which it is indicated that four out of five SMEs that have gone to the financial system in recent months to ask for funding have had problems.
That is, 80% of companies (1,076,000) of between 1 and 249 employees have been hindered in renewing or granting them new lines of credit, according to the work developed by a study center that works with these organizations.
Of the companies that have had problems, to 17% (183,000) they have closed the tap definitively, which could be forced to give cerrojazo to their activity for lack of resources for its continuity.
In this desperate situation is, for example, Ricardo Lázaro, owner of the Soriana transport company Rilatrans: “Banking is taking us to ruin, we have taken away our credit and discount lines, which totaled 500,000 euros per year. ” The most striking of his explanations is that in the six usual financial institutions they confess that they do not know the lines of the ICO. “Only in the Caja Rural de Soria, they told me that this type of financing existed, but that only very solvent companies could use it.”
Javier Gómez Navarro, president of the Higher Council of Chambers, took advantage of the presentation of the study to give a wrench to the banks, the government, employers and even the unions. “If there is no state pact, we will not get out of this crisis,” he argued.
With regard to banking, which has been entangled this week with the government in the controversy over the granting of loans https://www.paydaychampion.com/payday-loan/ to companies and families, said that “financial institutions have decreased indiscriminately the granting of loans without going to assess the risk of each operation”. He even dared to go further: “If the bank does not comply, the State must do it”.
The second call of attention of Gómez Navarro was for the Government of Zapatero
to which he asked him to continue to “press” the bank; In addition, he launched a suggestion, such as allowing entrepreneurs to delay the payment of VAT until they charge it; or the reduction in Social Security contributions, “a measure that would allow companies to have more liquidity”. One of the main threats that it has sent to the Executive is that it creates a fund from which delayed invoices can be collected. This response, precisely, to which municipalities and regional governments are taking some small businesses to bankruptcy by postponing their payments.
When talking about whether or not the bank has liquidity and the financial health of the entities themselves, the president of the chambers stressed that it is “curious that the Bank of Spain is so quiet,” when it comes to the regulatory body. Although it is true, he clarified, that the request for credits is being diverted towards banks, which are more willing to grant loans than the cajas.
On the financing of the ICO, the study shows that 22% of companies (294,000) have approached financial institutions to request these lines, but 50% have encountered obstacles to their allocation. Gómez Navarro put on the table that the ICO “only funds”, but clarified that the bank is in charge of managing these assets and, apparently, is not very interested in marketing them.
Among the companies that have managed to enjoy some type of financing, 83% acknowledge that the conditions have been hardened greatly. This is the case of the Neck & Neck children’s clothing chain. According to its financial director, Borja Undabarrena, “the bank requests information from the strategic plan for the next three years, delves more into the bowels of society and offers interest rates that double those of a year ago.”
With these data in hand, criticism accumulated.
Among the most critical yesterday stood out Jesús Bárcenas, president of Cepyme, employer of small and medium enterprises, who in an interview to Onda Cero reported: “The companies that a year ago were totally solvent and with credit capacity, the banks have left us now in the middle of the water and without float “. He recalled that SMEs represent 99% of companies in the country and 80% of employment. In addition to criticizing the actions of the banks, the president of Cepyme also accused the politicians and the government, and assured that “what matters is that they take the appropriate measures on time because the situation is already serious enough”.
In the same line, the president of the ICO, Aurelio Martínez, charged against the financial entities when he declared that “they have committed excesses in the buoyant time of the markets”. However, he defended the actions of the Spanish banks and the regulator. “Until now” no entity has had to intervene.