Financing difficulties of small business are often

Question

Quizplus · Accepted Answer

Financing difficulties of small businesses are generally linked to management problems such as a lack of financial planning, poor accounting records, inadequate cash flow management, and inadequate collateral. Small businesses have trouble getting financing not because there are too many small businesses or due to bias against entrepreneurs, but because of their inability to demonstrate creditworthiness and sound management practices. Small businesses are important drivers of economic growth and job creation, and financing difficulties can hinder their ability to grow and create jobs.

Financing Difficulties of Small Business Are Often