International records / OpenAlex research

Access to Finance and Entrepreneurial Performance: An Economic Perspective

Finance is a key factor of performance of an entrepreneur, especially in small and medium-sized business (SME) in the developing economies. This paper explores the connection between financial access and SME performance in Ilorin Metropolis, Nigeria, where formal and informal finance sources are taken into consideration and also financial constraints are taken into consideration in the form of collateral and interest rates. In theory, increased access to finances promotes investment, innovation, and business expansion, whereas access to a limited amount of finances suppresses entrepreneurial d…