Podcast: Access to Finance Report
Funding is a huge problem for SMEs. The Access To Finance Report surveyed 11,000 entreprenuers to understand why SMEs cannot access funding. The report includes options for financing from 300 funders. The findings discovered that SMEs have difficulty knowing where to start when looking for financing. Typically, they start and stop at a bank, which is where they need collateral. SMEs need guidance on they type of institutions to look for, depending on where they are in the start-up stage - starting, invoice-factoring or growing - and also if it is industry-specific. This podcast, featuring Paul Smith, Co-founder of Ignitor and Independent Researcher, discusses the resources available for SMEs looking for finance.