15% of SMEs see their viability in danger due to inflation in Spain

15% of Spanish small and medium-sized enterprises (SMEs) have recognized that their viability is in danger due to inflation. Another 15% have admitted that they will have to adapt other financing channels to clean up their accounts, according to the latest barometer prepared by the Spanish Confederation of Small and Medium Enterprises (Cepyme).

In this sense, the data handled by Cepyme reveals that 95% of companies have reduced their accounts and that 60% of these indicate that they have been affected “in a significant way & rdquor; for the price increase. 40% of SMEs consider that their level of sales will remain at values ​​similar to the current ones in the remainder of the year, according to the barometer -created from a sample of 700 companies during the first quarter of the year-.

CEO of Kreedit, Jordi Solehas positively assessed that more and more entrepreneurs are opting for alternative financing methods, considering that the viability of companies cannot be “jeopardized by giving up options offered by the market”.

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The Kreedit partner has also explained that when there is a rise in prices like the current one, small and medium-sized companies -which have already been dragging a series of problems and a high level of vulnerability- “especially suffer”. In this specific case, what has had the most impact on their day-to-day work has been the rise in the price of supplies and electricity bills, which has motivated almost six out of 10 SMEs to raise their prices.

In this situation, sole He has stated that it is “more important than ever” for companies to eliminate possible prejudices linked to non-bank alternatives to exploit other financing channels. If a company has indebted balance sheets and generates little cash, through extrabanking “greater opportunities will be obtained, since traditional banking does not grant any help if the numbers have not come out until now,” according to the executive director.