The mutual guarantee societies have formalised 18,370 guarantees for €2.457 billion between January and September, a 10% increase compared to a year earlier.
The mutual guarantee societies (SGR) operating in Spain have provided €2.457 billion to SMEs and the self-employed between January and September, based on 18,370 guarantees formalised. According to pressdigital.es, the amount has grown by 10% compared to the same period last year.
The guarantees from these entities have also generated an investment of €3.194 billion in the economy, as indicated by the societies themselves in a statement. The live risk, meaning the credits and loans that remain active, reaches €8.872 billion, a 7% increase compared to 2025.
The financing already benefits 191,228 SMEs, self-employed individuals, and entrepreneurs and contributes to the maintenance of over 1.2 million jobs. With the president of SGR-Cesgar, José Pedro Salcedo, the entity supports activity in a context marked by rising costs due to geopolitical tensions in the Middle East:
“In this complex scenario for SMEs, the guarantee societies continue to lead business financing, promoting viable projects from SMEs that generate wealth in our economy”
The re-guarantee from Cersa (Spanish Reinsurance Company) continues to play a significant role in these operations. Since 2021, the SGRs have channeled €11.743 billion from the Next Generation EU funds to nearly 50,400 SMEs and self-employed individuals, mainly in projects related to digitalisation, sustainability, and competitiveness.
By type of operation, guarantees for investment account for 48.5% of the formalised amount, while those for working capital account for 37.1%. The services sector concentrates 49.2% of the granted amount, followed by commerce with 17.9% and industry with 17.5%.
Micro-SMEs represent 74% of the guaranteed companies, and companies with fewer than 50 employees reach 94.5%. Entrepreneurs already account for 20.2% of the benefitted companies.
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