Guarantee began its activity in 1997 and in the year of his 25th birthday, he granted endorsement number 50,000 of financial guarantees to SMEs of Argentina to strengthen the productive fabric of the country. Guaranteeing allows access to better financing conditions in the market, in terms of amount, term and rate, both in public and private banking and in the capital market.
In addition, the country’s leading Reciprocal Guarantee Society deepens its growth strategy and during 2022 it will open at least five new branches and will modernize another nine to achieve presence in all the provinces of Argentina.
Recently, in Catamarca the opening of a new branch was announced together with the governor Raul Jalil and the provincial minister of Industry, Commerce and Employment, Lisandro Álvarez, and the secretary of Small and Medium Enterprises and Entrepreneurs (SEPYME), Guillermo Merediz.
Likewise, in La Rioja the announcement of another new branch was made together with the SME secretary, Guillermo Merediz, the governor of La Rioja, Ricardo Quintela, and the Minister of Labor, Employment and Industry of the province, Federico Bazán, officials and SME businessmen.
“This will allow us to be closer to SMEs with a territorial scope based on federal criteria that will promote equitable development throughout the country in this year of marked growth. In addition, there will be a 20% increase in staff “announced the president of Guarantee.
It should be noted that the Small and Medium Enterprises in the interior of the country demand greater proximity to the financial system to facilitate access to credit and thus also their investment and growth.
About Guarantee:
Guarantee SGR is the largest Reciprocal Guarantee Company in the country whose purpose is to facilitate access to financing for Micro, Small and Medium Enterprises. It has a 70% market share measured in SMEs with current guarantees and 21% in CPD Product (Deferred Payment Check) guaranteed. With 25 years of experience, Guarantee currently has a risk fund of $16,500 million. It is the only SGR present in the entire country with 32 branches and has the best rating in the market by Untref and Fitch. In 2021, it was distinguished by the consultancy Great Place to Work as “Best Places to Work for Women”, “Best Places to Work for Millennials” and “Companies that care”.
Source: Ambito
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