According to Eurostat, one of the main reasons SMEs report as creating difficulties in their accessing financing is their inability to provide sufficient collateral or guarantees to the lender. One knows too well that little is known about the success factors of an SME and its credit history which may be even a greater reasons for the lack of access to finance. Will leasing provide a suitable alternative?
Jacqueline Mills, Director, Asset Finance and Research of Leaseurope, believes that leasing is a viable alternative. Her recent presentation at the EU Commission workshop on “Improving Credit Assessment and Information for SMEs in Europe to Facilitate Access to Finance for SMEs” can be accessed by clicking on this link: EC Credit Information Workshop_Nov 2013_Final