Category Archives: SME NEWS

Unleashing Small and Medium-sized Enterprises in Asia and the Pacific

MANILA, PHILIPPINES (6 September 2018) — Poor access to finance and a difficult business environment are holding back Asia and the Pacific’s small and medium-sized enterprises (SMEs) from contributing to the creation of economic wealth for development. An evaluation by the Asian Development Bank’s (ADB) Independent Evaluation Department sheds a useful light on how governments and their development partners can remove these barriers to unleash the development potential of SMEs in the region. Continue reading

Late payment epidemic set to cripple exports as over a third of SMEs left without contracted payment terms

New research reveals more than one in three (38%) UK SMEs receive no payment terms from their customers.

Over half a million businesses give up on exporting due to chronic late payment problem
Long and repeated history of being denied access to working capital has left SMEs in a long-term cycle of despair.

New financing solutions can help break the cycle and will leave SMEs better prepared for leaving the European Union. Continue reading