SME Financing

Small and medium-scale enterprises around the world go through several challenges in a bid to achieve success. Many studies argue SMEs face challenges in different areas; some are critical for success whilst other are not. One of the critical challenges put forward by several studies is finding appropriate funding. Academics have described funds as the blood of every business and a key element that prescribes the supply of entrepreneurship. The challenge of funding remains a problem around the world both in developing and underdeveloped environments. The chapter provides insight into the funding issues faced by SMEs and provides practiced ways in which businesses in developing and underdeveloped environments can address the issue of funding.