Spain Launches New Credit Access Program for SMEs
Spain's Ministry of Economy unveils a digital credit program to support SMEs.
Key Points
- • The program aims to facilitate credit access for SMEs.
- • Financing will be fully digital through the Official Credit Institute.
- • Supports the recovery and growth of the SME sector post-economic disruptions.
On September 5, 2025, the Spanish Ministry of Economy announced the launch of a new credit access program designed to assist small and medium enterprises (SMEs) in obtaining financing. This initiative will be implemented through the Official Credit Institute, which aims to streamline the process into a fully digital format, ensuring that SMEs can access necessary funds without the bureaucratic barriers typically associated with traditional lending methods.
The program will focus on providing direct financial support to SMEs that have struggled to secure credit, particularly in the aftermath of economic disruptions. The Ministry's goal is to enhance liquidity for these businesses, which are crucial to the Spanish economy, employing around 70% of the workforce.
This decision comes in the context of an ongoing effort to strengthen the SME sector, which has faced various challenges, including increased costs and reduced demand following recent global events. The Ministry emphasized the importance of supporting SMEs as they play a vital role in innovation and job creation in Spain.
As part of the program, eligible SMEs will be able to apply for loans through an online platform, allowing for quicker processing times and immediate access to funds. The initiative reflects the Spanish government's commitment to economic recovery and providing essential support to the backbone of the national economy: its small and medium enterprises.