The current economic outlook has forced companies to seek financing options that allow them to meet their payment commitments. financing options that allow them to meet their payment commitments. 6 out of 10 companies have found the support they have requested in banks. requested.

The effects of the pandemic continue to wreak havoc, particularly in the MSME sector. sector, who, according to the latest member survey from October, during the pandemic during the pandemic:

- 42% of companies have applied for at least one loan. - 6 out of 10 loans have been authorized. - 13% is the average interest rate of authorized loans. - 32 days, on average, it takes to authorize requested loans. - $3.5 million pesos is the average amount of loans requested. - Lack of income or production volume (18%); credit bureau (14%); and (14%) and lack of available credit (14%) are the main reasons for credit rejections. for which loans have been rejected.

According to the October 2020 member survey, 37% of companies reflect that the main current challenge is low economic activity. reflect that the main current challenge is the low economic activity, which has invariably invariably has led them to contract additional credits to those previously acquired. previously acquired.

From CAINTRA we maintain the call to sustain a responsible reactivation of our economy. responsible reactivation of our economy, as this will allow our SMEs to overcome the current crisis will allow our SMEs to overcome the current crisis without the need to compromise future income.

CAINTRA NUEVO LEÓN