SMEs and Social Media Opportunities

The advent of social networking has been a game-changer for businesses the world over, with impressive impact. Social networking which is the use of internet-based social media platforms to stay connected with friends, family or peers have gone beyond a ‘social’ tool to an important tool needed for business growth and survival…

SME Financing: Loans Versus Grants

As small business owners and managers are battling with finance, opinions have always been divided on what type of funding SMEs need to ensure judicial use of resources and also ensure the sustainability of the business. No doubt, small businesses need funds to tackle such issues as operations management, marketing, stocking, human resource management, expansion, diversification, etc…

The Burden of Loan Repayment: What SMEs Need to do

Loan repayment which is a way of paying off the debt balance on a loan over an agreed period has been a major issue in small business finance. Repayment can be in a lump sum with interest at maturity of a loan. On the other hand, loan repayment defaults are when a borrower could not or will not pay back his or her loan and when the financial institution no longer expects to be repaid…