Since the crisis of 2008, it has become necessary for the financial sector to set out and essentially reinvent itself. Because of stricter rules, banks have been forced to be stricter with SMEs.
It is important, especially for the economy, that small and fast-growing businesses with innovative ideas are able to get financing. Because banks have become stricter, they do not allow SME’s as much credit, so the businesses are essentially forced to find new, innovative ways of financing. Crowdfunding and credit unions are good examples. Combining different types of financing is popular as well.
This research maps all the different forms of financing that are possible for SMEs, and which they prefer. Other entrepreneurs can learn from this knowledge.