SMALL and medium enterprises (SMEs) are at the heart of the Philippine economy — driving innovation, creating jobs and fueling growth. Yet one persistent challenge remains: access to reliable financing.
SMALL and medium enterprises are at the heart of the Philippine economy — driving innovation, creating jobs and fueling growth. Yet one persistent challenge remains: access to reliable financing.Amid numerous options, SMEs need a partner which not only provides funds, but also understands their unique needs. Here's a simple guide to the key financing options for SMEs in the country.
P2P lending is becoming increasingly popular for its community-driven approach and competitive interest rates. However, since it involves less regulation than traditional bank loans, the reliability of lenders can vary.DauntingFrom traditional bank loans to government programs and modern peer-to-peer lending, SMEs today are spoiled for choice. However, navigating these options can be daunting.Banks often demand extensive documentation and offer limited flexibility.
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