Answer to Question #63637 in Other Economics for Alex
what are the reasons why enterpreneurs and small scale firms have difficulties in accessing finance for start up and expansion (15 marks)
Startups and SMEs often fail to know their business credit score and even understand this aspect. Beside of that, without an established consumer relations these market players have a huge lack of market trust and their future is subjected to a significant level of uncertainty. That is why, they often have difficulties in accessing finance for growth and expansion.