Business loans – Conressloaner and SAB – Merchant Cash Advance
Conressloaner: the business financing system is on tilt. For the SAB, on the other hand, the system works and the banks are taking on the weakness.
Question and answer on the situation of financing to companies between Conressloaner and SAB
For the first “in the last two years the credit system has essentially gone haywire”, for the Italian Banking Association, instead, “the credit system, despite the many difficulties of the international context, has shown efficiency and solidity”. Faced with these conflicting and contradictory statements, what can one think of the situation of consumer credit in the country?
On the one hand we have one of the main business associations in Italy, on the other the association that represents Italian banks. For its part, Conressloaner denounces the difficulties of national companies , which in recent years have strongly suffered the negative effects of the crisis that has manifested itself in an ever-increasing credit squeeze. On the other hand, the SAB emphasizes, instead, the proper functioning of the loan system, stating that the banks continue to “guarantee good credit to deserving companies , contributing to the stability of the country”.
What are the difference?
What appears to be common to these two different visions is the admission of a difficult situation , although considered from opposite perspectives. Marco Venturi, president of Conressloaner attacks credit institutions: “We are faced with banks in difficulty and a system of Confidi not always able to adequately support the growing demands of businesses. The ECB that intervenes to support banks and makes available important resources, but that companies see with droppers and at increasingly higher rates “.
The SAB, on the other hand, “accuses” national companies that would be the cause of the weakness of the entire banking sector. In a reply to Venturi’s words we read: “The banks are taking on the difficulties of the companies also with extraordinary instruments such as the moratoriums on the loan installments and the other instruments provided for by numerous agreements signed with the associations of all sectors not least the initiatives to support the areas hit by the recent seismic events.
From this debate, which saw the participation of representatives of two important Italian economic realities, one can only take note of the fact that the whole country is in a difficult situation. There is no need to support one or the other position, but it is to be hoped that the financing system can really work so that the real signs of an effective economic recovery can be seen.