In times of crisis, lack of liquidity is a problem for everyone, employees, pensioners and entrepreneurs. The former can access a wide range of loan types, from the sale of the fifth to the Regan Inpdap, while for companies, things get complicated.
Why loan denied for small businesses?
Companies can also count on a wide variety of offers, including Cleopar, Dynacredit and more. But if these Regans begin to be denied them, then the problem becomes more serious. Starting and running a business is certainly a burdensome matter and it is no wonder that in times of crisis the difficulties increase exponentially.
One small business owner out of five states that the difficulty in obtaining a loan is the most pressing problem for their business and almost 60% of SMEs consider it one of the main problems. From the general framework of the relationship between credit and SMEs in the European Union, “2013 SMEs’ Access to Finance survey,” carried out by the Brussels Commission every two years, shows that Italy is the second European manufacturer, fifth industrial exporter and tenth economy for global trade volumes. As far as the industrial weight is concerned, we have instead fallen from seventh to eighth place, overtaken by Brazil. On the other hand, if the banks continue not to grant loans to SMEs, the situation will certainly not improve.
From the data in the dossier it emerges that the concern of entrepreneurs for the problem of access to credit has grown considerably in the last five years. If in 2009 it was about 8% of Italian entrepreneurs who believed that the difficult access to credit was the main problem of their company, in 2013 the figure rose to 20%, with an increase of 150% (compared to 36% in European level). In Europe, the credit problem is thus felt only in Cyprus (40%), in Greece (32%), in Spain (23%) and in Slovenia (22%), while among the direct Italian competitors this figure stops at 15%, in the United Kingdom and France, 8% in Germany.
Considered in the light of the current crisis, which has increased the need for liquidity, these data are even more worrying. In the six months prior to the survey, 82% of Italian SMEs needed funding, against a European average of 75%. Two years ago the figure was 77% for Italy and always 75% for the EU, while four years ago the situation was equal to 62%. More than Italy, only small and medium-sized businesses in Ireland (85%) and the UK (85%) are in debt. France and Germany are better, at 78% and 76% respectively. Worse than the Italian SMEs, there are Dutch and Greek ones, which have been denied around 31% of loan requests. The European average detects on average 13% of rejected requests, a 2% waste of the conditions set by the banks, a 16% of amounts consistently lower than the requests and a 7% non-submission of the application for fear that this will be rejected.