The study of the consulting area of Datacrédito Experian ‘Access to credit in the life cycle of SMEs’ indicates that this sector of the economy registered, in the first quarter of 2021, a positive behavior of credit approvals and deliveries.
The company said the variance was -1% if compared to the indicators of the same period of the year 2020, months not yet impacted by the economic slowdown as a result of the pandemic.
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This low percentage contrasts with the decrease in credit operations between 2020 and 2019, which fell by 21%.
According to Alicia Soacha, Head of Datacrédito Experian Consulting, of the total operations approved and disbursed in 2020 for the SME sector, 28.2% correspond to companies incorporated as legal entities and 71.8% to commercial establishments of natural persons, This reflects the effort of SMEs to keep their financial dynamics active.
“Despite the effects of the health emergency, during 2020 there were credit openings of more than 1,015,000 operations for about $ 32 trillion, by the financial sector, non-regulated companies and the real sector, being the largest manager of operations credit the commercial establishments created by natural persons, which represent about 90% of the SME environment”Said Soacha.
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Although the creation of new companies was affected by the economic situation in 2020, reaching a fall of up to 86% compared to 2019 in the legal person segment, business establishments created by natural persons were maintained with a difference of -1% between the two periods, that shows the entrepreneurial spirit of Colombians.
According to Datacrédito Experian, when analyzing access to credit in the different life stages of an SME, it is concluded that six out of 10 companies access credit in the first 10 years of its existence, showing the importance of creating a reputational guarantee that generates greater access to credit.
“SMEs have 10 years to get their customers, sell, stabilize, plan and project to keep the company or grow. A period where experience strengthens their credit reputation and makes them users of loans with specific purposes and a planned support in their financial projections”Added Alicia Soacha.
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In 2020 and in the first quarter of 2021, the study shows that 62% of the transactions were carried out by companies that were in the first two stages of their life cycle (stabilization and survival) and the remaining 38% were concentrated in companies that were going through the stages of success, take-off or maturity. It was evidenced that 31% of companies registered one or more activities to access credit services.
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