Once the measures approved by the Council of Ministers on March 24 for the granting of a first tranche of guarantees amounting to 20,000 million euros to companies and the self-employed are known, CEOE and CEPYME appreciate this new step taken by the Government to facilitate bank financing of many businesses.

These are measures that we have been urgently demanding from Spanish businessmen, as we consider that they are key to the recovery of the economy, since they will allow maintaining those businesses that are suffering a drastic decrease in their activity due to COVID-19 and that they require these resources to avoid closure in many cases.

Waiting to know in any case the detail of these conditions, we also positively value that the Government has attended to the need for retroactivity of these guarantees on March 18, and especially the reinforcement that is contemplated of the guarantees that must offer small businesses and the self-employed for access to financing, for which this public support will reach 80% of the requested amount.

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