The companies and self-employed in the Region of Murcia have received a total of 13,101 loans for the amount of 1,567.9 million euros guaranteed with the Line of Guarantees approved by the Government of Spain to guarantee liquidity, maintain the productive fabric and guarantee employment . This Line has a global endowment of up to 100,000 million euros.
Four tranches have already been activated, for an amount of 84,500 million and the amount guaranteed so far amounts to 40,747 million euros, which has allowed channeling financing for more than 53,600 million, with data as of May 20. SMEs and the self-employed continue to concentrate the largest number of approved operations and granted financing, with 412,684, 98% of the total, and a guaranteed amount of 28,614 million euros.
This has allowed these companies to receive 35,832 million euros to cover their liquidity and working capital needs. 74% of the operations approved correspond to self-employed companies or micro-companies with less than 10 employees, which shows the capillarity of the Line of Guarantees. Public-private collaboration model The purpose of the Guarantee Line is to guarantee liquidity and cover the working capital needs of companies and the self-employed in all sectors of activity to face the economic and social impact of COVID-19. Credit institutions, financial credit institutions, payment institutions or electronic money institutions are in charge of analyzing and formalizing operations.
So far, a total of 123 financial entities collaborate with the Official Credit Institute in the management, which makes the Line of Guarantees one of the largest and main exponents of public-private collaboration. Since the approval of the characteristics of the Line of Guarantees on April 5, four tranches have been activated and 80,000 million euros have been made available to companies and the self-employed to guarantee the financing granted by credit institutions, credit financial institutions, payment entities and electronic money entities. Additionally, 4,000 million euros have been approved to guarantee the issuance of promissory notes in the Alternative Fixed Income Market (MARF) and 500 million euros to reinforce the reavality that CERSA grants to Reciprocal Guarantee Companies. Of the total volume of approved resources, a total of 60,000 million euros have been reserved in guarantees to guarantee the liquidity of the self-employed and SMEs. The ICO disseminates biweekly through its website (https://www.ico.es/web/ico/informes-seguimiento-linea-avales) data on the evolution of this line of guarantees, with information by size of beneficiary company, activity sector and autonomous community.
