Potential Sources of Financing for Small and Medium Enterprises (SMEs) and Role of Government in Supporting SMEs

Abstract

Potential Sources of Financing for Small and Medium Enterprises (SMEs) and Role of Government in Supporting SMEs Waseem Ahmed Abbasi, Zongrun Wang, Danish Ahmed Abbasi Abstract There is no second thought that financing is a key tool for the growth of any firm and accessing the right kind of financing according to the firm’s need is of more vital importance. Access to finance for Small and medium enterprises (SMEs) is always a hot discussion for the researchers. Having known that SMEs are considered as backbone of economy and play key role for the growth and development of country, they face hindrances while accessing the finance from financial institutes. Keeping in view the importance of SMEs, this paper aims to widen the understanding on the available alternative financing options accessible to SMEs and entrepreneurs; this will enhance their knowledge about the full scope of financing instruments that they can access in various circumstances and by having healthy discussion among stakeholders about new methodologies and creative strategies for SME and business enterprise financing. Other than that, this paper also aims to highlights the SME demographics and role of government for supporting the SMEs. Full Text: PDF DOI: 10.15640/jsbed.v5n2a4