57% of SMEs believe there are too many obstacles to accessing business financing

It is no novelty that financing for companies, specifically for SMEs, requires too many filters and requirements that make it a process full of obstacles. In fact, according to the Global SME Pulse report prepared by American Express, 57% of the SMEs surveyed believe that there are too many impediments to access funding and, furthermore, 65% affirm that they do not have enough liquidity to pay the bills. Providers. Given this framework, it is clear that the SME sector, to this day, is one of the most unnoticed by financial credit institutions.

What is the future vision of SMEs in the face of lack of funding?

Continuing with the data of the Global SME Pulse report, 50% of Spanish SMEs surveyed believe that they expect an increase over their turnover of more than 4% throughout 2017 and, in addition, 17% believe that it will be higher than 8% This reflects the optimism of small businesses in terms of growth and development of their labor sector.

However, 27% of SMEs clearly state that they feel a great political instability as one of the aspects that most concern them. After all, the political measures of the country are constantly changing, so it is normal to have this perception.

On the other hand, 29% of small companies agree that the best way to grow is to export and establish in the international market. In fact, 56% believe that internationalization is becoming easier, especially compared to previous years.

Finally, it should be noted that more than half of the small companies surveyed affirm that they depend on loans for bank SMEs to finance their businesses and 46% resort to new, more flexible financing alternatives. However, almost 30% say they are dissatisfied with the agreed financing agreements.

What options do SMEs have to obtain financing for companies?

We have already commented that, currently, it is difficult to obtain financing for companies and, above all, for SMEs (small companies). However, there are several options to which we can resort based on the purpose for which we need the money.

In the case that we need small amounts of capital for contingencies or situations in which we need to give an immediate economic response, we can resort to quick credits that will allow us to get up to 5,000 in minutes.

On the other hand, if we are interested in larger amounts, we can search and compare between personal loans and credit lines with which we will obtain higher amounts and longer repayment terms- Schlammpeitziger payday loans illegal in ny.

In any case, the experts of the financial comparator HelpMyCash have developed a very useful free guide focused on obtaining financing if we are entrepreneurs, although it will also be useful if our company has a more extensive trajectory.