Explain why very small to medium-size enterprises (SMEs) might face problems in obtaining appropriate sources of finance. In your answer pay particular attention to problems and issues associated with: Uncertainty concerning the business; Assets available to offer as collateral or security; and Potential sources of finance for very new SMEs excluding sources from capital markets. I need a detailed response to this question.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter14: Capital Structure Management In Practice
Section14.A: Breakeven Analysis
Problem 2QTD
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Explain why very small to medium-size enterprises (SMEs) might face problems in obtaining appropriate sources of finance. In your answer pay particular attention to problems and issues associated with:

  • Uncertainty concerning the business;
  • Assets available to offer as collateral or security; and
  • Potential sources of finance for very new SMEs excluding sources from capital markets.

I need a detailed response to this question.

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