Austrian SME Suffer from Credit Shortage

Businessn.a. ♦ Published: December 20, 2013; 06:07 ♦ (Vindobona)

The real economy benefits only partly from the low interest rates. According to Creditreform, borrowing becomes more and more difficult for small and medium-sized enterprises.

Austrian SME Suffer from Credit Shortage / Picture: ©

In Austria, the lending conditions are still difficult. Above all, enterprises have to provide more securities to their lenders, Creditreform says. “Austrian creditors are still very cautious and are not very generous in terms of lending”. About 57% of the Austrian enterprises are suffering from the lending conditions, Creditreform argues. In total, Creditreform has interviewed…