In this note we are going to talk about the big problem that Spanish SMEs are going through since they are the ones that suffer the most from the lack of credits granted by the banks to be able to get ahead.

Loan for SMEs

Loan for SMEs

Official data show that the credit granted to companies of all types to the private sector has risen by 1.6% until last June. However, and related to these data, the situation is different for small ones than for large ones. Bankers recognize that small and medium enterprises ( SMEs ) are the most feared by risk departments, so they are reluctant to give them financing. This situation is reflected in a survey by the Eureka Cantri Bank and the European Commission on access to finance for SMEs.

It should be noted that the conclusion is that Spanish SMEs are those who say they have more problems in the European Union to get credit, where 26% of them complain that the lack of money is the most important problem they suffer, compared to 18, 6% of French companies, 15.3% of German SMEs and 14.7% of Talian organizations.

The report also highlights that of the SMEs that had applied for loans in the first half of 2009, only 77% received all or part of the requested amount, while the other remaining percentage that is 12% was rejected. Important: The survey breaks down by type of Spanish companies, so it can be deduced that credit is a problem for 33% of medium-sized companies; for 28.2% of small companies and for 22.1% of microenterprises.

Access of the loans

Access of the loans

The survey also indicates that there has been a Worsening conditions of access to loans. This response fits with the official data, which say that the differential charged by banks and savings banks has gone up to the companies. The Eureka Cantri Bank also asked about the size of the last loan obtained in the last two years. The majority of Spanish SMEs (25.8%) said they received between 25,000 and 100,000 euros. 18% responded that they received between 100,000 and one million; 13% less than 25,000 euros and 5.2% more than one million euros. In the case of German companies, the majority rank is between 100,000 and one million, as for French companies. In the case of Italian SMEs, most are located in the same range as Spanish SMEs. Despite everything, the biggest problem for Spanish SMEs is finding customers in 30.4% of cases, while 9.9% are related to competition, 9.6% of the costs of the production of work and 7.5% of the difficulties in finding staff or managers. French companies highlight the obstacle of finding customers (29.1%), as in Germany (29.8%) and Italy (24.7%).