SMEs or microenterprises are small and medium enterprises that have financial limits and a number of workers determined and established by law, from 11 to 250 employees in Spain. SMEs of 2016 have an entrepreneurial spirit and predominate mainly in the services sector, being practically excluded those whose activity is focused on the industrial sector. This is due to the investments necessary to access it and the limited number of businesses that can be found, as well as the human resources dedicated to this sector.
How many SMEs exist in Spain in 2016?
According to a study carried out by the Ministry of Employment and Social Security (MEySS) in May 2016, the number of SMEs registered in Social Security amounts to 1,294,926, encompassing micro, small and medium enterprises with a total of 7,843 .198 workers, which indicates to us the great importance within the business fabric of our country of this type of companies. More important if we can bear in mind that in the last quarter the number of new companies has risen to almost 29,000, with the corresponding impact on the number of hired workers.
Credits for SMEs in 2016 where to look for them?
SMEs or small businesses have the advantage of adapting better to the changes that occur due to their size, which offers them greater flexibility, but they can also find great difficulties, especially when it comes to obtaining credits for small businesses, which prevents them from competing on equal terms with large companies. According to a survey conducted by the ICO Foundation, 60% of small and medium-sized companies still cannot access SME credit under similar conditions as before the crisis.
Loans for SMEs, especially in the case of small businesses, become a fundamental tool for their subsistence. SMEs need financing to carry out investments in their business and be able to grow in the long term. Even taking into account the large demand for loans for SMEs, many banks have stopped granting them, a problem that has increased even more with the famous crisis and the resulting instability of financial markets.
Loans for SMEs in 2016 may continue to decline by banks
Which decided in previous years to reduce the granting of loans to these types of companies, in contrast to loans for larger businesses. This is consolidated as a big problem since, as we have seen, the number of SMEs does not stop growing and the granting of credits does not stop decreasing.
Therefore, these small and medium enterprises should consider alternatives other than banks to access loans for small businesses, such as aid, non-bank loans or grants and incentives from public bodies that seek to inform and facilitate the financing of this large group. of companies.