SMEs are the growth engines of all economies. Having access to finance remains the number one challenge of most SMEs.
Next to this is the cost of finance – interest rates; often very high due to the risk of default aside capital.There are three crucial
things that banks and other creditors seek when evaluating the creditworthiness of a loan applicant are:
i. Capacity/Ability to repay
ii. Willingness/Natural Inclination/Propensity to repay
iii. CharacterDownload File
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