Small businesses (SMBs) are always in need of financing to support cash flow which is often hard to come by. The credit gap is huge, and lenders need to play a substantial role to make a dent, especially banks with large balance sheets. But large lenders’ hands are often tied due to concerns around risk. Given there is a concerted push from Governments to lend more to SMBs, there is a need for a solution that can bridge this demand and supply gap. Supply Chain Finance could be the solution. [Read more…] about Supply Chain Finance: The Next Frontier in Financing for SMBs
Access to Credit for Small Business: A Global Challenge and a Big Opportunity
Research by the World Bank Group across 109 economies reveals that 30% of small businesses in the formal private sector are credit constrained. Limited access to working capital for small businesses negatively impacts the economy, growth, productivity, and employment. Small businesses are crucial for wealth creation, equity, and financial inclusion, especially among underserved groups. [Read more…] about Access to Credit for Small Business: A Global Challenge and a Big Opportunity