Building Your Business Credit Profile To Access Finance.

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. Character