In recent years, ‘direct lenders’ and ‘shadow banks’ have increasingly provided funding for businesses, replacing the role traditionally played by commercial banks. To what extent is this true and who are these ‘direct lenders’ and ‘shadow banks’?

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.

What concerns are there regarding the Paycheck Protecting Program and the Main Street Lending Program? What are the limitations and likely outcomes?

To what extent was the shadow banking system an important part of the 2007– 2009 financial crisis?   - what is shadow banking  - advantages and disadvantages of shadow banking - its role in the financial crisis - judgement and justification of the judgement