In this period, the guaranteed companies managed to obtain rates that ranged from 5 to 10 percent per year up to 180 days in term.
Acindar Pymes guaranteed more than 500 million pesos in Echeqs in the capital market, positioning itself as one of the leaders in this segment.
After endorsing the first digital check on the market in early March, the company concentrates 20% of the total negotiated by SGR since the start of the quarantine.
In this period, the guaranteed companies managed to obtain rates that ranged from 5 to 10 percent per year up to 180 days.
The use of this digital tool grew exponentially during the quarantine. “The need for companies to access financing amid social isolation and the impossibility of operating physical checks undoubtedly boosted the growth of Echeq. Since Acindar Pymes, we have long been committed to technology as a key factor in democratizing access to financing and Echeq is an important advance on this path, “said Acindar Pymes general manager Pablo Pereyra.
Since the endorsement of the first Echeq in March, issued by a Rosario SME, Acindar Pymes continues to push these operations that facilitate management and reduce costs for Argentine SMEs.
The negotiation is carried out electronically and from anywhere in the country, reducing the possibility of bureaucratic delays that could occur due to illegible handwriting, lack of data or signatures.