Countries around the world are working hard to fight against the economic crisis caused by the coronavirus pandemic, with a special emphasis on small- and medium-sized enterprises (SMEs) due to their vulnerability and importance in the business ecosystem. This paper analyzes the Spanish guarantee model and the measures taken by regional governments in conjunction with the main mutual guarantee societies (MGSs) to mitigate the economic problems associated with the COVID-19 pandemic. We show that public administrations may use guarantee schemes as instruments to improve SME access to financing while limiting the burden on the public budget.

中文翻译：

---

COVID-19之后的中小型企业融资限制和西班牙的信用担保计划解决方案

世界各地的国家正在努力抗击由冠状病毒大流行引起的经济危机，由于它们在商业生态系统中的脆弱性和重要性，因此特别重视中小型企业（SME）。本文分析了西班牙的担保模型以及各地区政府与主要的相互担保协会（MGS）共同采取的措施，以缓解与COVID-19大流行相关的经济问题。我们表明，公共行政部门可以使用担保计划作为手段来改善中小企业获得融资的机会，同时限制公共预算的负担。