As reported by the Spanish Confederation of Mutual Guarantee Societies, the national guarantee system injected a total of 2,273 million euros from 22,389 new formalized guarantees to SMEs and the self-employed in 2022 (stop).
This amount represents a 16% increase in the amount delivered compared to the 1,960 million in 2021. The financing provided by SGRs will benefit approximately 169,835 SMEs and self-employed people with active loans and loans worth € 7,093 million. (live risk) and contributes to maintaining 960,044 jobs.
Cesgar, your goal in 2023 18 mutual guarantee societies (SGRs) It plans to provide a total of 2,500 million euros to SMEs and the self-employed, to continue helping companies, many of which have been affected by the war crisis in Ukraine.
Chairman of SGR-Cesgar, Jose Pedro Salcedo underlined the implementation of the guarantee system. “basic” support for many small and medium-sized companies. In addition, thanks to the strengthening of the collateral of the Spanish Regarantee Company (Cersa), “thanks to the Next Generation Funds, they have channeled subsidized lines and continue to offer the extension of maturities, especially in relation to digitalization and sustainability and shortcomings”.
In this sense, SGR sees it as a “key” by expanding the support of banking institutions and collaborations.r “labor and profit” guarantee companies between companies. “We conducted a study showing that the involvement of these intermediary structures is necessary to increase the knowledge of guarantee companies among SMEs and the self-employed,” Salcedo said.
Collateral types and sectors
Financial guarantees (86%) were the most requested type of financing by SMEs and the self-employed in 2022. Of these, the highest demand was for investment guarantees, which increased by 13.2 points and reached 54.7%. while those set aside for working capital represent 27.9% of the total guarantees requested, 14.7 points decrease.
Cesgar highlights the positive development in investment guarantee demand, already exceeding pre-pandemic levels. For their part, working capital guarantees have slumped, bringing them closer to 2019 levels.
Looking at the activities of the company, the services sector led the way in the number of operations with a share of 41.7% in 2022. on his behalf Guarantees for industry increased by about 11 percentage points, assuming 27.1% of the amount given.
Likewise, the guarantees given to the trade sector constitute 17.2% of the total number of transactions. The guarantees given for the construction constitute 9.1% of the amount financed in this period. Finally, the number of operations for the primary sector constitutes 4.8% of the total.
Cesgar, on the other hand, In 2022 the majority of operations are backed by a warranty company, 89%, They will face the depreciation of their debts or loans over a period of more than three years.
Regarding the average amount guaranteed for operations financed by SGRs, 135,718 € In 2022, 80% of the guarantees went to micro-SMEs (one to ten workers), depending on the size of the companies. Likewise, 22.7% of the formalization of sureties is allocated to new companies or entrepreneurs.
Online platform since its founding in 2017 ‘Guaranteed Yes’ More than 100,000 applications were received, amounting to 11,800 million euros.