ENTREPRENEURSHIP

Detailed explanation-1: -These are: A small company often does not have the assets on which to secure a loan. Banks can have a risk adverse attitude to new projects/businesses. If a business/project is considered risky, the bank may charge a higher interest rate, which a small business can not afford, or the bank may decide not to lend at all.

Detailed explanation-2: -The trade finance gap is the unmet demand for trade finance and is calculated based on rejected applications for trade finance funding. From the perspective of global banking, trade finance is a low-risk form of finance with very low default rates, which makes the sizeable gap difficult to understand.

Detailed explanation-3: -Informal financing may take various forms such as lending by individual money lenders, enterprise mutual lending networks, pawnshops or underground financial organisations such as the hehui, the biaohui or the taihui.

Detailed explanation-4: -Lack of planning. Lack of customers and contacts. Personal circumstances. Choice of funding options. Write a business plan. Get out and network. Build a strong support system. Research the right investor. More items