They suggest low rates for loans to SMEs

In addition to the difficulties in accessing financing, entrepreneurs in Mexico face high interest rates that are not profitable or competitive, explained the specialist of the business faculty from La Salle University, Bendreff Desilus.

Last week, the secretary of Treasury, Rogelio Ramirez de la O anticipated a credit plan for small and medium-sized enterprises (SMEs) for an initial amount of 10 billion pesos, whose characteristic will be the simplification to obtain loans.

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Between October and December 2021, 48.4% of the total economic units had bank loans at the beginning of that period, according to data from Banxico.

However, a difference of 20.8 percentage points was observed between the SMEs and large companies that have some type of financing. And it is that, while 56.1% of the economic units with more than 100 employees had loans, for smaller companies, the proportion decreases to 35.3%, since they perceive more expensive conditions in interest rates and commissions .

In this sense, the central bank has data on the difference between the average interest rates paid by the SMEs and those covered by large companies, because while the former are charged approximately 11.8%, for the latter the figure is 6.2%.

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In the detail of the credit portfolio for SMEs there are also differences regarding interest rates, with micro-enterprises paying a higher percentage of the loan, 13.2%; the small ones, 11.9% and the medium ones, 9.3%.

Given this scenario, the Lasallian specialist pointed out that the proposal of the financial authorities should pay special attention to offering competitive rates for SMEsbecause in it will reside the facility to cover the indebtedness commitment that the entrepreneur acquired.

“You have to understand the economy where we are, putting interest rates of 10%, 15%, 20% or 30% is unaffordable, and even more so, after the crisis caused by the pandemic”, he stated.

disillusion He stressed that it is also necessary to consider the agility of the procedures to access financing, support before and during the granting of credit, and transparency to know that the resources are destined for the creation or maintenance of companies.

“The sooner the institutions provide financial resources, the faster we will see an economic recovery,” he added.

LEG

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