In the period leading up to the coup, influential bankers like Juan March, who had already secured sizable financial resources abroad, began presenting themselves as financiers for a planned coup. Their readiness to support such actions reflected a broader trend of discontent with the Republic.

Meanwhile, several high-ranking generals reached out to the governments of Germany and Italy. Their inquiries were aimed at gauging foreign support for their intentions against the Republic, demonstrating a coordinated effort among military and financial elites to undermine the existing government and the drive towards a coup.