Funding access difficult for small businessmen: analyst

ABS-CBN News

Posted at Oct 20 2017 11:44 AM

MANILA - Access to funding remains difficult for some small and medium businesses, with an estimated P270 billion in funding needs unmet, an analyst said Friday.

Banks need to consider collateral and credit score before granting loans to MSMEs or micro, small and medium enterprises, said CreditBPO founder Lia Francisco.

"It's an economic issue, banks spend as much transacting with MSMEs and big corporations, big corporations bring in more money," Francisco told ANC's Early Edition.