AAA established that for most Agribusiness SMEs, accessing finance is difficult, costly and often unsuccessful. AAA understands that SME funding represents a significant barrier to sustainability and growth, and complete financial exclusion from mainstream funding is still commonplace for disadvantaged and under-represented groups.
At all stages of the business journey, accessing the right type and amount of funding at the right time can substantially boost expansion and bring sustainable new jobs. Ensuring that new and established businesses understand how – and why – to prepare attractive lending or investment propositions is a critical step to facilitating the flow of finance.
Today’s SMEs need more than just a clever idea. They need a complex set of skills and finance to move their innovative idea into the market and to ensure it succeeds.
The current, highly competitive economic environment means that scaling up businesses demands special skills of entrepreneurs, who are obliged to secure financing as quickly as possible. Yet finance alone is not sufficient to create global success stories. The entrepreneur needs not simply finance, but the best finance.
What is ‘the best finance?
The best finance is a miracle that happens when one is able to combine money, know-how, mentorship and networking. This is perhaps better termed smart finance. This is driven by requirements including SME preparedness in terms of proper documentation called reservoir which are very vital.