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SME Access to Finance Issue

US Risk Solutions: The Small Business Financial Exchange, Inc. and SBFE, LLC (SBFE®)

The Small Business Financial Exchange, Inc. and SBFE, LLC (collectively known as SBFE) is the leading source of US small business credit information. Established in 2001 as a non-profit organization, today the exchange houses information on about 24 million businesses in its SBFE Data Warehouse™, and enables blind information exchange among its Members. Through its resources, relationships and SBFE Certified Vendors™, SBFE makes ... Read More »

US Small Businesses Continue to be Stressed

“The world of the small business is getting tougher and tougher and the US has become a far less friendly place for the entrepreneur” The latest data from the National Federation of Small Business is not going to cheer those looking for some dramatic recovery in the economy in 2013.  It has long been an assumption that the small business ... Read More »

IFC (World Bank Group) Publishes Credit Reporting Knowledge Guide 2012

The revised Credit Reporting Knowledge Guide 2012 aims to support the dissemination of knowledge on best practices in credit reporting development based on IFC’s experience.   The original Credit Bureau Knowledge Guide (2006) elaborated on the knowledge gained over several years of running the Global Credit Reporting Program and provided a variety of stakeholders, primarily in emerging markets, with a ... Read More »

Equifax Reports Up To 21 Percent of Consumer Bank Accounts May Also Be Small Business Owners

Overlap offers new revenue generation and customer relationship opportunities Up to 21 percent of a financial institution’s consumer accounts in a portfolio may also be small business owners or principals, according to a recent Equifax (NYSE: EFX) data analysis presented as part of a webinar entitled, “Increasing the Value of Your Data Across the B2B Sales & Marketing Ecosystem,” which ... Read More »

SMERA India Completes 18,000 SME Ratings

SMERA has recently completed its 18,000th rating.  SMERA was the first SME rating agency of India founded in 2005 with primary objective to provide Ratings that are comprehensive, transparent and reliable.  This would facilitate greater and easier flow of credit from the banking sector to MSMEs.   SMERA is a joint initiative by SIDBI (www.sidbi.com), Dun & Bradstreet Information Services India ... Read More »

New SME Rating Services Launched in India by CRISIL

Crisil announced the launch of Small and Medium Enterprise (SME) Fundamental Grading services for SMEs proposing to raise equity capital through listing on SME exchanges.  SMEs in 560 cities across the country carry CRISIL ratings.   CRISIL, one of India’s leading rating agencies (majority owned by S&P) reported consolidated revenues for the first nine month of 2012 of Rs 717 crore ... Read More »

Many SMEs Unaware of Alternative Financing Options

New research reveals reliance on traditional funding – Nearly two thirds of SMEs cite short-term cash needs as main reason for finance applications Experian UK Poll:  Awareness of different types of business finance is very low among SMEs, with most continuing to rely on traditional bank overdrafts or personal sources of cash for additional funding, according to new research by ... Read More »

Credit Bureau’s Information and Service – Small Medium Enterprises (SMEs) from International Lender Perspective

Paul Ip, Country Credit Head, Consumer Banking, Standard Chartered Bank Taiwan Limited, presented at the 8th WCCRC conference in Taipei on October 23, 2012 and offered a lender’s perspective of what he expects from a credit bureau in regard to SME credit reporting.  Given the short comings of SMEs in transparency it is more difficult to assess the credit worthiness ... Read More »

Inaugural Quarterly Index Reveals Decline In Demand For Small Business Loans

In another sign that the economy is contracting, demand for capital from U.S. small businesses has dropped, according to an inaugural quarterly index report released today by Pepperdine University’s Graziadio School of Business and Management, based on a survey conducted in partnership with Dun & Bradstreet Credibility Corp. The report, which compared survey data from the first two quarters of ... Read More »

Australian Credit Climate: Federal Budget Potentially Leaves SMB’s Exposed to Credit Risk

With the start of the financial year just days away, Veda, Australia’s leading data intelligence and insights company believes that the Federal Government’s asset write-off scheme will not be robust enough to assist all small businesses in FY13 – and those who do take it up potentially are exposed to higher credit risk. “For those businesses who take up the ... Read More »

Singapore has Produced an Abundance of “Wealth Managers” and not enough “Wealth Creators.”

So lamented Ngiam Tong Dow, former permanent secretary of the Singapore Ministry of Finance and the prime minister’s Office of the Government of Singapore. This is despite almost universal acclaim for the supportive business environment in Singapore. The World Bank has rated Singapore first out of 183 economies in its “ease of doing business” rankings and fourth for “starting a ... Read More »

Australian Credit Climate: Giving Small Business Credit

Finding new opportunities in Australia’s most dynamic credit market Access to credit for small business is constrained by a number of factors including the ability of lenders to access wholesale funds, prudential requirements and government regulation. However, even in markets where these factors are benign the flow of credit to small and medium size enterprises (SMEs) remains a challenge. This ... Read More »

IFC (World Bank Group) Establishes the SME Finance Forum

The SME Finance Forum (SMEFF) is a part of the G20’s Global Partnership for Financial Inclusion. SMEFF is a platform for sharing knowledge in small and medium enterprise finance, for promoting best practices, and for collecting data to help set standards in this field.   SMEFF has been created because improving financing for SMEs is critical for creating and sustaining jobs ... Read More »

China Risk Climate: Trade Credit Has Become the Main Source for Financing = Payment Delays more Frequent – Insufficient Access to Credit Retards Growth

Coface, one of the largest global credit insurers, has just released its latest study on the payment behavior of Chinese companies.  The study was conducted during the months of October and November 2011 and is based on interviews of over 1,300 companies in various sectors and with different legal structures. 90% of Chinese companies now use credit transactions Credit sales ... Read More »

BIIA at the Kuala Lumpur APEC Conference on Financial System Capacity Building and Financial Inclusion

BIIA was invited to attend the meeting of the APEC Business Advisory Council (ABAC) on May 22nd 2012 in Kuala Lumpur, Malaysia and participated in discussions on Financial System Capacity Building: Financial Inclusion. Financial inclusion is a very important tool in creating employment and poverty reduction efforts.  In the last decade microfinance institutions showed tremendous success in outreaching and serving ... Read More »

Banking: Retreat from Everywhere! Lack of Funding for Businesses

According to the Economist the world’s lenders are pulling back to their home markets.   In March the Reserve Bank of Australia revealed that the departure of European lenders had left an AUS$34 billion funding gap in the syndicated loan market for local companies.  The story is similar in the Middle East, where a rush this year to issue Islamic bonds ... Read More »