Of every ten industrial companies, eight faced difficulties obtaining credit. They point to high interest rates as the main obstacle to financing in the country. The data is part of research released this Monday (19) by the National Confederation of Industry (CNI) with support from the Brazilian Development Association (ABDE).
According to the Special Survey: Conditions for Accessing Credit in 2025, 80% of businesspeople who had problems accessing short or medium-term credit (up to 5 years) cited high interest rates as the biggest obstacle. Next comes the requirement for real guarantees, such as real estate or machinery (32%), and the lack of credit lines suited to the needs of companies (17%).
The scenario is repeated in long-term credit, over 5 years. In this case, 71% of industrialists attributed the difficulties to high interest rates, while 31% mentioned the requirement for guarantees and 17% the absence of lines compatible with their investment projects.
“The current monetary policy is quite restrictive and makes credit more expensive. With Selic at 15% per year and real interest rates around 10%, financing becomes more expensive and discourages investments in expansion and innovation”, explains Maria Virgínia Colusso, Policy and Industry analyst at CNI.
High Selic reduced the search for credit
- 54% of companies did not seek long-term credit in the six months prior to the survey
- 49% did not seek short or medium term credit in the same period
- only 26% took out or renewed short-term credit
- in long-term credit, the percentage fell to 17%
Greater difficulty in long-term credit
- Almost a third of companies that tried long-term credit were unsuccessful
- Around 20% of those who sought short or medium-term credit also failed
Short or medium term credit
- Averages: 26% did not obtain credit
- Small: 21%
- Large: 16%
Long-term credit
- Medium companies: 43% did not obtain credit
- Small businesses: 37%
- Large companies: 27%
Credit conditions have worsened
- 35% of companies assessed that short or medium-term credit conditions had worsened
- 33% made the same assessment for long-term credit
- For 47%, conditions remained similar
- Only 14% reported improvement in the short or medium term
- In the long term, the index drops to 12%
Low adherence to the risk taken
- Only 13% of industries contracted risk transactions in the last 12 months
- Another 5% intended to hire
- 54% did not hire nor intended to hire
- 29% did not know or preferred not to answer
Drawdown risk is a type of anticipation of receivables in which the supplier receives advance payment from a financial institution, while the buyer undertakes to pay the amount on the agreed date.
The Special Survey interviewed 1,789 industrial companies from August 1st to 12th last year. Of this total, 713 are small, 637 medium-sized and 439 large.
