New Approaches To Sme And Entrepreneurship Financing Broadening The Range Of Instruments

Download or read book New Approaches to SME and Entrepreneurship Financing written by Organization for Economic Cooperation and Development and published by OCDE. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bank lending is the most common source of external finance for many SMEs and entrepreneurs, yet has proven challenging to newer, innovative and fast growing companies, as well as to those undertaking important transitions in their activities or seeking to de-leverage and improve their capital structures. This report maps a broad range of external financing techniques to address diverse needs in varying circumstances, including asset-based finance, alternative debt, hybrid instruments, and equity instruments. It further highlights key enabling factors for their development, discusses major market trends and obstacles to SME uptake, and suggests some key areas of policy action to overcome challenges to market development.