Plugging the funding gap for SMEs

SINGAPORE (Sept 5): Small and medium enterprises (SMEs) worldwide has identified the lack of financial resources as the No. 1 impediment to sustaining or growing their businesses.

In addition, SMEs are also being increasingly undeserved by financial institutions despite contributing more than 50% of jobs and account for over 35% of GDP in many emerging market.

As a result, SMEs have to find alternative sources of capital to fill the funding gap and businesses are looking into non-bank financiers, such as funds, to supplement their access to capital, says Gerry Afentakis, head of strategic development of EFA Group, the independent asset manager specialising in private debt strategies.

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