Difficulty in accessing loans of enterprises is one of the barriers for the development of enterprises in general, private enterprises and SMEs in particular. Difficult accessibility to capital forces enterprises to lose additional costs (both official and unofficial) in order to obtain loans, or/and to access the unofficial market and pay higher interest rates, thereby, increases the cost of production of the enterprises. Overview of experimental research documents shows that the determinants of accessibility to capital by enterprises can be divided into five main categories: the characteristics of the enterprise owner; characteristics of the enterprise; location of the enterprise; the creditworthiness of the enterprise; and the role of the network.
This article is part of Title APD/2018/B.01
SMEs (Small and Medium Enterprises), credit, bank.