Question

what are the reasons why enterpreneurs and small scale firms have difficulties in accessing finance for start up and expansion (15 marks)

Answer 1

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.