Small and medium-sized enterprises financing / Ibrahim Nandom Yakubu, Abdul-Majeed Sulemana and Iliasu Abdallah

The operations of small and medium-sized enterprises (SMEs) occupy an
admirable position in the economic landscape of most economies in the world, especially for
developing countries. Based on literature review, this paper critically assesses the sources of
finance available to SMEs and the difficulties they encounter in accessing these finances. The
study identified bank loans, venture capital financing, business angels, trade credit, and
government support as the key sources of finance available to SMEs. The study further shows
that limited resources, personal characteristics of SMEs managers, and the nature of some
SMEs are the common factors inhibiting SMEs access to finance