flexibility of the SGR system to expand credit to SMEs

The Department of Production announced changes to the Collateral Guarantee Corporation (SGR) system to facilitate access to finance for SMEs and increase Financial inclusion.

Small and medium-sized enterprises will now be able to access guarantees in less time and at lower cost. In addition, it simplifies RMS operations "by enabling them to provide a more agile, dynamic and efficient service."

The amendments were made official by the decree 699/2018 published in the Official Journal this Thursday:

"We are aiming that by 2023 between the SGR system and the complementary public system, FOGAR, we will reach 100,000 SMEs with guarantees "said the secretary. entrepreneurs and SMEs, Mariano Mayer, in dialogue with the press

The changes will allow SMEs with guarantees in force to go from 14,500 this year to 50,000 in 2023, to which must be added The impact of the Argentine Guarantee Fund (FOGAR) for SMEs, with which the amount of current collateral would reach 100,000 in five years . Today, there are 14,000 SMEs with guarantees in place of $ 38,000 million, granted by 32 SGRs.

On the one hand, requests for RMS, in volume granted to SMEs, will be greater tax relief from 80% to 130% of leverage of the Risk Fund (FR). With regard to the requirement of increases and reinstatements, from 160% to 200% of the FG's leverage has pbaded.

An administrative simplification is sought, both for SMEs (simplification for the credit file, elimination of counter-guarantees) and for the RGPs (fewer requirements for the opening of new RGPs, badysis of the status of Pyme through the SME certificate, lower frequency in the reports of the external auditors ) . doubts as to the effectiveness of the changes, since up to now 350,000 SMEs have adhered to the Law on SMEs (27,264) out of a total of more than 800,000 SMEs in the world. across the country.

"This will be used to review the chiquitas pymes on which the SGRs must focus, and not the larger SMEs, which are customers of the banks," said Darío Wbaderman, president of Warranty.