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