Analysis of access to short-term financing of cameroonian SMEs

Objective: Given the difficulties of access to long-term financing for SMEs. The purpose of this analysis is to explain the effects ofCameroonianSME-related factors on operating and short-term bank financing. \n Method: To achieve this, we have, thanks to a sample of 150 Cameroonian SMEs observed over the period 2010 to 2014 from a database provided by the INS, carry out two GLS regressions. One on operating financing and the other on short-term bank financing. \n Results: The regression through operating financing shows an opposing relationship with long-term debt; Similarly, the decline in short-term bank financing reveals a negative relationship with long-term debt and operating financing. This lack of complementarity between these variables defining the sources of funding translates; translates the relevance of this work. \n Originality/relevance: The preponderance of operating financing in the financial structure of the SME, exposes the difficulties experienced by Cameroonian and sub-Saharan African SMEs in accessing bank loans and financial debt. However, a positive relationship would have fostered their dedication; hence the need to improve the bank - SME relationship, to recapitalize the Cameroonian SME Bank, as well as the Central African Development Bank (BDEAC) which acts at the sub-regional level. The Douala Stock Exchange must also be capitalized; so that the SME can benefit from adequate financing.