AMADIN, Osariemen Favour
Effects of Business credit availability and accessibility on the survival of small and medium enterprises in Isolo local government area, Lagos state - DR. OJO OLANIPEKUN - Ibafo Business Administration 2020 - ix; 41 tables
The purpose of the study is to identify the effect of credit availability and accessibility to SMEs in
Isolo LGA, Lagos state. The reasons why firms form relations with one another as well as with
financial institutions is to access credit for business growth. Credit contributes to enterprises
development in a number of ways. It is agreed that any nation's economic development depends
largely on the life, growth and survival of the sector of small medium-sized enterprises [SMEs].
Small and medium-sized businesses play an important role in the process of industrialization and
economic development in both developing and industrialized countries. In addition to raising the
income and output of small medium-sized enterprises, small medium-sized enterprises generate
job opportunities, enhancing regional economic balance through industry ally dispersal and
Generally speaking, efficient resource use is considered important for economic development and
growth in engineering. Nevertheless the main role played by small medium-sized enterprises,
which do not withstand its growth, is constrained everywhere by insufficient financing and poor
management. The unfavorable macroeconomic climate has also been described as one of the major
constraints that often attracts risk-averse financial institutions to finance small and medium-sized
enterprises. The reluctance of the part of financial institution to fund small medium businesses can
be explained but the insufficient capital base on banks and information asymmetry that often exist
with small medium business and lending institutions in Nigeria, and how more funding can be
made to support small businesses. However, this chapter, forms the basic foundation for these
study as it presents the objective of the study, and the statement of problem that motivated me to
undertake these study. Also the study examined the relationship between entrepreneur’s level of
access to credit facilities and business performance, relationship between financial management
ability of an entrepreneur and business performance and ascertain if there is a correlation between
entrepreneur’s limited sources of finance and degree of business success.
The strategic importance of SMEs in driving economic growth and development, as recorded in
the available literature, is critically hindered by the lack of availability and access to finance in
order to fund their operations. In Nigeria, despite the many attempts the government has made to
alleviate the situation, access to finance for SMEs is severely limited
Business Administration
Effects of Business credit availability and accessibility on the survival of small and medium enterprises in Isolo local government area, Lagos state - DR. OJO OLANIPEKUN - Ibafo Business Administration 2020 - ix; 41 tables
The purpose of the study is to identify the effect of credit availability and accessibility to SMEs in
Isolo LGA, Lagos state. The reasons why firms form relations with one another as well as with
financial institutions is to access credit for business growth. Credit contributes to enterprises
development in a number of ways. It is agreed that any nation's economic development depends
largely on the life, growth and survival of the sector of small medium-sized enterprises [SMEs].
Small and medium-sized businesses play an important role in the process of industrialization and
economic development in both developing and industrialized countries. In addition to raising the
income and output of small medium-sized enterprises, small medium-sized enterprises generate
job opportunities, enhancing regional economic balance through industry ally dispersal and
Generally speaking, efficient resource use is considered important for economic development and
growth in engineering. Nevertheless the main role played by small medium-sized enterprises,
which do not withstand its growth, is constrained everywhere by insufficient financing and poor
management. The unfavorable macroeconomic climate has also been described as one of the major
constraints that often attracts risk-averse financial institutions to finance small and medium-sized
enterprises. The reluctance of the part of financial institution to fund small medium businesses can
be explained but the insufficient capital base on banks and information asymmetry that often exist
with small medium business and lending institutions in Nigeria, and how more funding can be
made to support small businesses. However, this chapter, forms the basic foundation for these
study as it presents the objective of the study, and the statement of problem that motivated me to
undertake these study. Also the study examined the relationship between entrepreneur’s level of
access to credit facilities and business performance, relationship between financial management
ability of an entrepreneur and business performance and ascertain if there is a correlation between
entrepreneur’s limited sources of finance and degree of business success.
The strategic importance of SMEs in driving economic growth and development, as recorded in
the available literature, is critically hindered by the lack of availability and access to finance in
order to fund their operations. In Nigeria, despite the many attempts the government has made to
alleviate the situation, access to finance for SMEs is severely limited
Business Administration