jueves, 13 de junio de 2013

What can be done to help financing small companies in the EU?

Amid the crisis there’s a new wave of entrepreneurial projects emerging across Europe. Although “officially” the credit crunch is over, for smaller companies some big problems remain. One urgent matter for them is how to get proper funding. For this reason small and medium businesses (SMEs) are currently searching for viable alternatives to banks. Paradoxically, although the ECB is making more cash available to banks in the Eurozone, the truth is that financial institutions keep being reluctant to lend to their family and business clients. As banks won't trust a company unless it has a long trading record, sadly many projects are left outside the lending process.