OCDE - Financing SMEs and Entrepreneurs 2026 - Chile de 2026

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FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

Restricted Use - À usage restreint Restricted Use - À usage restreint Key facts on SME financing Chile's GDP grew by 2.6% in 2024, mainly driven by an increase in mining exports. Although investment declined by 1.4%, and consumption recorded a growth of just 1.0%. Regarding Micro, Small and Medium Enterprises (MSME), the Internal Revenue Service 1 (SII) provides a size classification based on firms’ total annual sales. According to SII records, MSMEs accounted 98.6% of the firms for the tax year 20242, but only represented 12.6% of total annual sales. In terms of MSME access to credit, results from the “Banking Credit Survey” of the Central Bank of Chile 3 (BCCh), show that in Q4 2024, conditions for the supply and demand of credit remained limited, altho ugh they were moderately less restrictive than in Q4 of 2023. The outstanding debt of SMEs and the share of the outstanding stock of SME loans to th e total loans increased between 2023 and 2024. Specifically, SMEs loans increased from CL P 26.2 billion in 2023 to CLP 26.9 billion in 2024, and the share of stock increased from 19.6% to 20.7% during the period. Meanwhile, other financing alternatives for firms like factoring and invoice discounting were stable between 2022 and 2024, reaching around CLP 5.4 billion in the stock of factoring operations. New developments on policies to support MSMEs and particularly the financin g of MSMEs , through the Production Development Corporation4 (Corfo) and the Technical Cooperation Service5 (Sercotec) included the expansion of social program s, and promotion of instruments related to formalization and financing. Through Sercotec, instruments related to foster formalization and support for micro and smal l firms in

Production Development Corporation4 (Corfo) and the Technical Cooperation Service5 (Sercotec) included the expansion of social program s, and promotion of instruments related to formalization and financing. Through Sercotec, instruments related to foster formalization and support for micro and smal l firms in different areas, benefited more than 9 000 firms and cooperatives from all regions of the country, for more than USD 40 million in 202456. While in the case of financing MSMEs, Corfo supported more than 23 000 companies, granting credits for more than USD 1.3 million. 7 Instruments focusing on formalization include: Capital Abeja, Capital Semilla and Creación y Fortalecimiento de Cooperativas While in term of financing initiatives, instruments like Fogape Chile Apoya, and venture capital funds supported by Corfo are some of the programs implemented during this period.8 Some financing measures are implemented jointly with BancoEstado9. Finally, regarding the efforts that have been made in terms of financing, the creation of an agency focusing exclusively on financing investment projects - Agencia de Financiamiento e Inversión para el Desarrollo (AFIDE)- has been discussed in the congress and is expected to be approved in the following years.

Chile 3

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

Restricted Use - À usage restreint Restricted Use - À usage restreint Table 1. Scoreboard for Chile Indicator Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Debt

Table 1. Scoreboard for Chile Indicator Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Debt Outstanding business loans. SMEs CLP billion 6.8 7.6 8.1 9.3 10.1 11.5 11.8 13.8 15.8 17.3 18.7 19.8 20.8 23.9 25.3 25.8 26.2 26.9 Outstanding business loans. total CLP billion 40.9 49.9 46.3 48.1 57.2 64.6 69.8 76.4 84.9 88.8 90.3 99.5 108.5 111.8 126.0 133.9 133.9 130.3 Share of SME outstanding loans % of total outstanding business loans 16.7 15.2 17.5 19.3 17.7 17.9 16.9 18.0 18.6 19.5 20.7 19.9 19.2 21.4 20.1 19.3 19.6 20.7 New business lending. total CLP billion

53.3 58.0 58.0 58.1 63.9 67.8 67.4 67.7 71.4 77.1 70.8 70.4 85.8 92.0 104.3 New business lending. SMEs CLP billion

2.6 3.1 3.8 3.8 4.4 5.1 5.1 5.6 5.6 5.8 8.7 6.5 4.2 3.7 6.2 Share of new SME lending % of total new lending

2.6 3.1 3.8 3.8 4.4 5.1 5.1 5.6 5.6 5.8 8.7 6.5 4.2 3.7 6.2 Share of new SME lending % of total new lending

4.9 5.3 6.5 6.6 6.8 7.5 7.6 8.2 7.8 7.5 12.3 9.2 4.9 4.0 5.9 Outstanding Short-term loans. SMEs CLP billion

1.6 2.0 2.3 1.8 1.8 1.9 1.8 1.8 1.9 1.8 1.1 0.9 1.1 0.9 1.3 Outstanding Long-term loans. SMEs CLP billion

1.0 1.1 1.5 2.0 2.5 3.2 3.3 3.8 3.8 4.0 7.6 5.6 3.2 2.8 4.8 Share of short-term SME lending % of total SME lending

60.2 63.3 60.3 47.8 41.9 36.9 35.8 32.8 33.3 31.0 12.6 13.2 24.9 25.1 21.7 Government loan guarantees. SMEs CLP billion 0.2 0.3 0.8 1.1 1.3 1.9 1.9 1.6 1.7 1.8 1.7 1.7 1.7 7.7 6.1 2.2 4.0 0.8 Government guaranteed loans. SME

Government guaranteed loans. SME CLP billion 0.3 0.5 1.3 1.8 2.0 2.9 3.2 2.3 2.5 2.6 2.6 2.5 2.6 10.4 8.4 3.4 4.9 1.4 Non-performing loans. total % of all business loans

2.5 2.2 2.1 2.2 2.4 2.6 2.4 2.1 2.3 2.5 2.4 2.1 1.9 4.4 4.6 2.6 Non-performing loans. SMEs % of all SME loans

5.9 6.1 5.5 5.4 6.1 6.1 5.9 5.3 5.2 5.9 5.9 4.7 4.1 2.2 2.4 4.7 Interest rate. SMEs %

11.8 10.3 9.3 9.3 8.4 8.3 7.7 5.4 6.4 11.2 10.8 11.0 Interest rate. large firms %

4.7 4.0 3.8 4.0 3.7 3.8 3.7 3.1 2.9 7.2 9.4 6.8 Interest rate spread Percentage points

7.1 6.3 5.5 5.3 4.7 2.1 4.0 2.3 3.6 4.0 1.4 4.2 Collateral. SMEs % of SMEs needing collateral to obtain bank lending 44.0

49.8

72.8

68.1

65.4

68.4

71.9 Percentage of SME loan applications

bank lending 44.0

49.8

72.8

68.1

65.4

68.4

71.9 Percentage of SME loan applications SME loan applications/ total number of SMEs 32.9

32.4

26.4

24.6

22.6

20.8

15.9 Rejection rate 1-(SME loans authorised/ requested) 29.3

13.0

11.0

12.8

13.0

14.1

15.3 Utilization rate SME loans used/ authorised 86.6

91.0

87.9

96.7

96.0

95.9

97.9 Non-bank finance Venture and growth capital CLP billion 0.03 0.02 0.02 0.03 0.04 0.04 0.03 0.04 0.04 0.05 0.02 0.05 0.06 0.05 0.06 0.08 0.06 0.04 Venture and growth capital (growth rate) %. Year-on-year growth rate27.4 1.1 21.6 42.8 12.725.4 35.9 -5.2 29.558.0 121 21.1 -13.8 29.6 22.5 -23.7 -39.04 

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

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121 21.1 -13.8 29.6 22.5 -23.7 -39.04 

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

Restricted Use - À usage restreint Restricted Use - À usage restreint Leasing and hire purchases CLP billion 3.0 3.6 3.5 3.8 4.5 5.0 5.6 6.2 6.6 6.7 7.8 8.2 8.7 8.4 8.8 8.8 9.2 9.7 Factoring and invoicing CLP billion 2.0 2.0 1.4 1.9 2.4 2.6 2.6 2.6 2.9 3.0 3.8 4.4 4.7 4.4 4.7 5.4 5.4 5.4 Other indicators Payment delays. B2B Number of days

75.8 74.9 56.7 52.7 55.2 58.0 55.0 58.3 52.0 60.5 53.3 48.5 47.8 42.8 42.8 Bankruptcies. SMEs Number 122 127 125 136 146 146 164 6 133 215 231 319 368 368 354 314 284 292 Bankruptcies, SMEs (growth rate) % Year-on-year growth rate

4.1 -1.6 8.8 7.4 0.0 12.396.3 2117 61.7 7.4 38.1 15.4 0.0 -3.8 -11.3 -0.1 2.8

Notes: Following the standard of quality for economic survey estimates published by the Nation al Institute of Statistics of Chile , the estimates of the utilization rate are considered ‘poorly reliable.’ For more details about the methodology used, please refer to the following link: https://www.ine.gob.cl/sala-de-prensa/prensa/general/noticia/2024/01/26/ine-presenta-documento-est%C3%A1ndar-para-laevaluaci%C3%B3n-de-calidad-de-las-estimaciones-en-encuestas-econ%C3%B3micas 5

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

Macroeconomic and financing conditions During 2024, the world economy reacted to rising recession risks in the U.S., c ombined with geopolitical tensions, political uncertainty, and the increasingly strained trade relations be tween the U.S. and China, which led to a depreciation of most currencies against the U.S. dollar during the peri od. On the domestic front, Chile's GDP grew by 2.6% in 2024, mainly driven by an increase in mining exports. Although investment declined by 1.4%, and consumption recorded a growth of just 1.0%. Chile’s labor market showed mixed signals. The unemployment rate fell sligh tly to 8.5% yet remained above the pre-pandemic level of 7.2% recorded in 2019. Labor informality continue d to pose a structural challenge, particularly among women, with informality rates reaching 28.4%, compared to 24.8% among men. Bank credit remains more restrictive compared to previous cycles, although c onditions appear to have improved in 2024 relative to 2023. Both short-term real interest rates and long -term rates remain high by historical standards. Long-term rates have experienced smaller declines than their international counterparts, contributing to a widening interest rate differential with the United States. Shorter-term rates, such as commercial and consumer lending rates , have begun to reflect the monetary

historical standards. Long-term rates have experienced smaller declines than their international counterparts, contributing to a widening interest rate differential with the United States. Shorter-term rates, such as commercial and consumer lending rates , have begun to reflect the monetary policy rate cuts. The restrictive behavior of bank credit can be attributed to tight external financial conditions, the stance of domestic monetary policy, capital requirements, and heightened perceptions of banking sector risk. SMEs in the national economy To categorize the size of firms, the Internal Revenue Service (SII) provides a size cl assification using the total annual sales of firms. Particularly, firms size classification is produce d using annual sales of companies registered in the SII and considers five categories. The classifi cation is detailed below in Table 2. Table 2. Firm size classification according to law N°20,4161 Firm size Annual sales Microenterprises 0.01 UF to 2 400 UF Small businesses 2 400.01 UF to 25 000 UF Medium-sized 25 000.01 UF to 100 000 UF Large companies more than 100 000.01 UF Note: Firms categorized as "no sales" correspond to taxpayers whose declared tax information does not allow them to determine an estimated amount of sales.

1. Servicio de Impuestos Internos.

UF (Unidades de Fomento) is an adjustable monetary unit that is daily updated according to the consumer price index. As of December 31, 2023, 1 UF is equivalent to CLP 36 789.36 or USD 38.64 According to SII records, MSMEs constitute 98.6% of the firms for the tax year 2024 but accounts for 12.6% of total annual sales, in UF1. This information is summarized in Table 3.6 

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

Table 3. Number of firms and annual sales by firm size Size of firms (according to annual sales)

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

Table 3. Number of firms and annual sales by firm size Size of firms (according to annual sales) Number of firms Percentage Annual Sales (UF) Percentage Microenterprises 905 636 74.7% 480 774 466 1.5% Small businesses 251 515 20.8% 1 841 745 231 5.7% Medium-sized 37 279 3.1% 1 768.399 083 5.4% Total MSMEs 1 194 430 98.6% 4 090 918 780 12.6% Large companies 17 341 1.4% 28 585 380 532 87.5% Total 1 211 771 100% 32 676 299 312 100% Source: Internal Revenue Service (SII), tax year 2024. On the other hand, in terms of the geographical distribution of the firm’s headquarters, the Metropolitan region is the one that concentrates the largest number of MSMEs, with 507 739 (42.5%), followed by the Valparaíso region (9.7%) and the Biobío region (7.4%) in 2024.2 SME lending The data indicates that the outstanding debt of SMEs and the share of the outstanding stock of SME loans to the total loans increased between 2023 and 2024. Specifically, SMEs loa ns increased from CLP 26 .2 billion in 2023 to CLP 26.9 billion in 2024, and the share of stock increased from 19.6% to 20.7% during the period. The stock of new business loans increased in 2024, from CLP 92 billion to CLP 104.3 billion, of which CLP 6.2 billion are earmarked for loans to SMEs, representing a share of 5.9%. Therefore, bo th the amount

the period. The stock of new business loans increased in 2024, from CLP 92 billion to CLP 104.3 billion, of which CLP 6.2 billion are earmarked for loans to SMEs, representing a share of 5.9%. Therefore, bo th the amount and the share of new business loans for SMEs increased. On the other hand, short-term loans for SMEs increased by 48.9% in 2024 compared to the previous year (compared to a decline of 16.7% in 2023). The increase in the stock of loa ns is partly attributable to the support granted by Corfo, who offers several financial instruments, among which are the R isk Coverage Guarantee Funds, further covered in the Government policy response section . Credit conditions In terms of the financial access to credit of MSMEs, the results from the” Banking Credit Survey” of the Central Bank of Chile (BCCh), shows that in the fourth quarter (Q4) of 2024, conditions for the supply and demand of credits remained limited, although they were moderately less restrictive than in the Q4 of 2023. Interest rates for SMEs increased from 10.8% in 2023 to 10.95% in 2024, however interest rates are lower than rates in 2022. This increase in 2024 can be attributed to a combination of factors related to credit risk, financial market conditions and macroeconomic factors. Meanwhile, perceptions of credit demand by companies show mixed signals: the percentage that considers a stronger demand increases from 15.4% in 2023 to 28.6% in 2024. As for SMEs, the proportion of banks 7

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

reporting weakening demand decreased from 36.4% in 2023 to 9.1% in 2024, while the share of banks reporting stronger demand decreased from 18.2% in 2023 to 9.1% in 2024. The majority of banks report

reporting weakening demand decreased from 36.4% in 2023 to 9.1% in 2024, while the share of banks reporting stronger demand decreased from 18.2% in 2023 to 9.1% in 2024. The majority of banks report unchanged level of demand for new SME credit. Alternative sources of SME financing Invoice factoring and discounting To date, SMEs have many more options than in the past to obtain quick liquidity at low cost, as the factoring industry has evolved to provide more favorable alternatives to SMEs. Currently, more than 100 alternative finance providers offer financing to over 20 000 companies. The factoring market is do minated by three major entities: The Banking Factoring Association (ACHEF A.G.), the Non-Bankin g Factoring Association (EFA A.G.) and the Chilean Commodity Exchange (BPCl) The stock of factoring operations remained stable between 2022 and 2024, reaching around CLP 5.4 billion in stocks, compared to an increase of15% between 2021 and 2022. On the other hand, leasing services offered in Chile include real estate leasing, leasing of movable property (machinery, vehicles, computer equipment, medical equipment, etc.) and subsequent leasing services. Other indicators Late payments The Chilean Commodity Exchange (BPC)3 is an entity regulated by the CMF, which provides the standards and systems for companies to trade products and invoices. Among other things, the BPC prepa res and shares information on the payment terms of firms with their suppliers, to encourage sustained financing and promote greater certainty in the payment processes to MSMEs. In the fourth quarter of 2024, the average payment term to SMEs was 43 days, the same as the average of 2023. Since 2019, the trend has been declining in this indicator. SME bankruptcies In 2023, the Superintendence of Insolvency and Re-entrepreneurship (Superir4) worked on the publication

average payment term to SMEs was 43 days, the same as the average of 2023. Since 2019, the trend has been declining in this indicator. SME bankruptcies In 2023, the Superintendence of Insolvency and Re-entrepreneurship (Superir4) worked on the publication of law N°21.563, which improves previous efforts done in terms of modernisation of insolvency proceedings with the law N° 20.720 in 2022. Particularly, the law introduced simplified procedur es for micro and small enterprises, allowing debt renegotiation for self-employed individuals who issue fee invoices, among other amendments. Non-performing loans Total non-performing loans show an increase in 2024. Despite being at low levels in historical terms, nonperforming loans increased from 2.4% in 2023 to 2.6% in 2024 for all companies. SMEs increased from 4.6% in 2023 to 4,7% in 2024. Government policy response Regarding the efforts that have been made in terms of financing, Ministry of Economy, Development and Tourism has promoted the creation of an agency focused exclusively on financing investment projects, named Agencia de Financiamiento e Inversión para el Desarrollo (AFIDE). The agency has been8 

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

discussed in the congress from 2024 and is expected to be approved in the following years. It is estimated that over 450 thousand companies will benefit in the first five years of AFIDE. This agency will be established from Corfo’s5 current Investment and Financing Division and incorporates recommendations from the World Bank and international best practices. Specifically , the initiative aims to increase the availability and diversity of financing instruments, enabling companies of all sizes to undertake innovation and/or technology adoption projects. As an example of what AFIDE is expected to promote, we can mention: • Promoting “Green Finance” for sustainable growth : Enhancing access to financing for environmental and clean technology projects.

increase the availability and diversity of financing instruments, enabling companies of all sizes to undertake innovation and/or technology adoption projects. As an example of what AFIDE is expected to promote, we can mention: • Promoting “Green Finance” for sustainable growth : Enhancing access to financing for environmental and clean technology projects. • Promoting startups growth: Through policy instruments designed to foster the venture capital industry, which will facilitate access to financing for startups across all stages of development. On the other hand, the implementation of ChileApoya Plan programme released in 2022 to support the people and sectors most affected by the pandemic and the global economic impacts that followed, continued in 2023 and 2024. Particularly, through instruments aimed at facilitating access to fi nancing to unbanked MSEMs. Specifically, Fogape is the instrument designed to fulfill this goal through financing work capital, refinancing and investment with guarantees of up to 95% for microenterpri ses, 90% small and 85% for medium, with a maximum rate of TPM 6 + 7,2%. Modifications of Fogape Chile Apoya • Publication of Law N° 21 673 that extends the duration of the program until December 31st of 2024. • Publication of the Exempt Administrative Decree 7 No. 243 8 by the Ministry of Finance of Chile amends the program’s regulations. The most notable changes include: o One of the firm’s registered (at the SII) economic activities must be in the list specified in the decree. o Firms which are affected by a natural catastrophe or emergency during 2024 and appe ars the Ministry of Economy’s cadastre can apply to Fogape.

Measures promoted through Corfo: Corfo financing program mes are aimed at expanding access to credit for MSMEs and unbanked cooperatives. In 2024, the guarantees programs granted by the Corfo, such as COBEX, Pro Inversión, FOGAIN, FOGAIN Mujer and Escala Pro-Inversión benefited almost 23 000 companies, reflecting an

cooperatives. In 2024, the guarantees programs granted by the Corfo, such as COBEX, Pro Inversión, FOGAIN, FOGAIN Mujer and Escala Pro-Inversión benefited almost 23 000 companies, reflecting an increase of almost 30% compared to the same period in 2023, granting credits for more than USD 1.3 million during the period. Particularly, almost 86% of these grants were allocated to micro and small firms. • However, even though venture capital funds, supported by Corfo ’s programs, continue to be an important source of financing for technology-based companies with high growth capacity, durin g the last two years record a significant drop over the period of 24% (2023) and 39% (2024) , respectively. • In the case of non-bank financing, in 20 24, the Corfo MiPymes Credit Program allowed 121 000 companies to access financing through non-bank financial institutions, mobilizing almost USD 252 million in credits, factoring and leasing. 9

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

Figure 1. Trends in SME and entrepreneurship finance in Chile10 

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

Table 4. Sources and definitions of Chile’s Scoreboard Indicator Definition Source Debt Outstanding business loans, SMEs Outstanding loans by Business size (Amount of the loan used as proxy of Business Size) Commission for the Financial Market (CMF) Outstanding business loans, total Stock of loans in the banking system by Dec of each year Commission for the Financial Market (CMF) Share of SME outstanding loans Share of SME loans in the banking system by Dec of each year Commission for the Financial Market (CMF) New business lending, total Cumulative loans generated in the system by December of each year (monthly information, flow) Commission for the Financial Market

(CMF) Share of SME outstanding loans Share of SME loans in the banking system by Dec of each year Commission for the Financial Market (CMF) New business lending, total Cumulative loans generated in the system by December of each year (monthly information, flow) Commission for the Financial Market (CMF) New business lending, SMEs Loans acquired by SME by December of each year (monthly information, flow) Commission for the Financial Market (CMF) Share of new SME lending Share of loans acquired by SME by December of each year (monthly information, flow) Commission for the Financial Market (CMF) Outstanding short-term loans, SMEs Cumulative monthly short term debt flow (micro, small and medium-sized firms) with a maturity of up to one year Commission for the Financial Market (CMF) Outstanding long-term loans, SMEs Cumulative monthly long term debt flow (micro, small and medium-sized firms) with a maturity greater than one year Commission for the Financial Market (CMF) Share of short-term SME lending Share of cumulative monthly short term debt flow (micro, small and medium-sized firms) with a maturity of up to one year Commission for the Financial Market (CMF) Government loan guarantees, SMEs Total value of SME debt exposure covered by Government guarantee schemes Banco Estado - Corfo Government guaranteed loans, SMEs Total value of SME Government-backed debt in the system? Banco Estado - Corfo Non-performing loans, total % amount of non-performing debt over the total amount of debt (performing amount + arrears) for all firms. The indicator includes bank loans, or a fraction thereof, that are past due by up to 90 days from the maturity date Commission for the Financial Market (CMF) Non-performing loans, SMEs % amount of non-performing SME debt over the total amount of SME debt. The indicator includes bank loans, or a fraction

that are past due by up to 90 days from the maturity date Commission for the Financial Market (CMF) Non-performing loans, SMEs % amount of non-performing SME debt over the total amount of SME debt. The indicator includes bank loans, or a fraction thereof, that are past due by up to 90 days from the maturity date Commission for the Financial Market (CMF) Interest rate, SMEs Weighted Average Interest rate for SMEs Commission for the Financial Market (CMF) Interest rate, large firms Weighted Average Interest rate for large and mega firms Commission for the Financial Market (CMF) Interest rate spread Interest rate spread between large firms and SMEs Commission for the Financial Market (CMF) Collateral, SMEs Need of a collateral for obtaining bank credit Longitudinal Enterprise Survey - Ministry of Economy, Development and Tourism Percentage of SME loan applications Share of credit applications made by SME, includes approved and rejected loans Longitudinal Enterprise Survey - Ministry of Economy, Development and Tourism Rejection rate Percentage of SMEs that applied for a loan and whose application was rejected Longitudinal Enterprise Survey - Ministry of Economy, Development and Tourism 11

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

References Central bank. (December 2024). Bank Credit Survey for the fourth quarter of 2024. Central bank. (December 2024). Monetary Policy Report. Chilean Ministry of Finance. Public Finance Report (third quarter) 2024 Corfo. (December 2024). Public Report of Corfo Guarantees. The World Bank in Chile Overview: https://www.bancomundial.org/es/country/chile/overview.

during a given year. This indicator stems from data of a survey of establishments. It does not include the fishing, education and health and social work industries. The survey does not include businesses with

during a given year. This indicator stems from data of a survey of establishments. It does not include the fishing, education and health and social work industries. The survey does not include businesses with annual sales lower than 800 UF. Utilization rate Percentage of SMEs that are using or used the approved credit (total number of SMEs with a credit over total number of SME with credit approvals) Longitudinal Enterprise Survey - Ministry of Economy, Development and Tourism Non-bank finance Venture and growth capital Annual amount invested in new earlystage firms and firms with growth potential and a track record (venture capital) Corfo Venture and growth capital (growth rate) Annual variation of investment in new early-stage firms and firms with growth potential and a track record (venture capital) Corfo Leasing and hire purchases Stock of leasing contracts SBIF - Chilean Leasing Association Factoring and invoice discounting Stock of factoring operations Banking Factoring Association (ACHEF) - Statistics – ACHEF - www.achef.cl Other Indicators Payment delays, B2B Own elaboration based on Bolsa de Productos - ASECH Payers Ranking Quarterly Reports Commodity Exchange - ASECH Bankruptcies, SMEs Number of SME bankruptcies. Superintendence of Insolvency and reentrepreneurship (Superir) Bankruptcies, SMEs (growth rate) % of bankruptcies from closed companies. Superintendence of Insolvency and reentrepreneurship (Superir)12 

FINANCING SMES AND ENTREPRENEURS 2026: CHILE © OECD 2026

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arguments employed herein do not necessarily reflect the official views of the Member countries of the OECD. This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law. Note by the Republic of Türkiye The information in this document with reference to “Cyprus” rela tes to the southern part of the Island. There is no single authority representing both Turkish and Greek Cypriot p eople on the Island. Türkiye recognises the Turkish Republic of Northern Cyprus (TRNC). Until a lasting and equitable so lution is found within the context of the United Nations, Türkiye shall preserve its position concerning the “Cyprus issue”. Note by all the European Union Member States of the OECD and the European Union The Republic of Cyprus is recognised by all members of the United Nations with the exception of Türkiye. The information in this document relates to the area under the effe ctive control of the Government of the Republic of Cyprus.

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