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The Impact of Commercial Bank Funding on Small and Medium Scale Enterprises in Nigeria

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  • Roseline Oluitan

Abstract

Small and Medium Scale Enterprises are classified as germane to economic growth of their respective countries. However, several issues are known to confront them which mitigate against the actualization of their developmental role. This study examines one of such to affirm whether it is applicable to SME’s in Nigeria. The study uses primary data from where inferences were made based on the outcome of the posted questionnaire. The result suggests that commercial bank funding for SME’s is important for their activities, but currently not improving their profitability. The study supports literature in this aspect of research and recommends the need for government to impress it on banks to consider SME’s for loan request and possibly invest in them as it is done in some countries that have made reasonable landmarks with SME development.

Suggested Citation

  • Roseline Oluitan, 2015. "The Impact of Commercial Bank Funding on Small and Medium Scale Enterprises in Nigeria," International Journal of Financial Markets, Research Academy of Social Sciences, vol. 1(2), pages 62-69.
    • Handle: RePEc:rss:jnljfm:v1i2p2
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    References listed on IDEAS

    as
    1. Paul Schreyer, 1996. "SMEs and Employment Creation: Overview of Selected Quantitative Studies in OECD Member Countries," OECD Science, Technology and Industry Working Papers 1996/4, OECD Publishing.
    2. International Monetary Fund, 1983. "Interest Rate Policies in Developing Countries," IMF Occasional Papers 1983/008, International Monetary Fund.
    3. Khatkhate, Deena R., 1988. "Assessing the impact of interest rates in less developed countries," World Development, Elsevier, vol. 16(5), pages 577-588, May.
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