UBA role in SME financing: Empowering businesses for growth
Small and Medium-sized Enterprises (SMEs) are the lifeblood of any economy, driving innovation, creating jobs, and contributing significantly to economic growth. It is pertinent to mention that one of the most significant challenges facing SMEs is access to financing. This may be attributed to their modus operandi viz record keeping, associated risk amongst others. This is where financial institutions like banks play a crucial role in providing the financial resources needed for SMEs to thrive and expand. The Backbone of SME FinancingBanks serve as the backbone of SME financing by offering a range of financial products and services tailored to...
