HOW TO QUALIFY FOR SME FINANCE

With the entrance of the global economic crunch and financial crises, bank lending through collateral-based financing has become increasingly difficult for SMEs, whether as existing businesses, in their expansion state or as startups. In fact, startups are a no-go area for bank lending because banks would always argue that they would not risk depositors funds on some business yet to be tested. This argument is plausible though. However, existing SMEs have also found it difficult to access bank lending for principally not having the required collateral to support such financing.
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