Raising capital a headache for SMEs, study finds

2013-11-12

From:Macau Business

More than 70 percent of small and medium enterprises are self-funded and have no access to bank or government loans, our sister publication Business Daily reports.

The Macau SMEs Association says more sources of finance, including quicker and easier government-backed loans, should be made available.

The association says the government must offer more loans, simplify its existing funding schemes, and create incentives for the banks to lend more to SMEs, such as tax breaks.

The association based its demands on a Jinan University study of 541 companies presented yesterday.

Copyright@Macau Business