The SME entrepreneurs would be able to enjoy collateral-free loans against their work orders.
The SME Foundation and Think Big Solutions (TREDEX) alongside corporate, bank, and financial institutions would work to motivate the entrepreneurs of this sector on this issue.
This was informed at a match-making and view-exchange meeting among the corporate institutions, financiers, and suppliers on 'factoring finance' held at the SME Foundation Conference Room in the capital on Wednesday. SME Foundation and Think Big Solutions jointly organised the event.
Presided over by the managing director of SME Foundation Dr Md Mofizur Rahman, Bangladesh Agro Processors Association (BAPA) administrator Zinnat Rehana, Think Big Solutions (TREDEX Online) managing director Dr M Masrur Reaz also spoke on the occasion, reports BSS.
SME Foundation general manager Nazim Hasan Sattar gave the address of welcome.
The speakers at the meeting said that the SME is an important sector in the country considering poverty alleviation and employment generation.
They said although various types of traditional loan support through the banking system is going on to further improve the SME sector, but the loan disbursement process is still not easy as per the requirements of the entrepreneurs.
Besides, entrepreneurs also face difficulty with working capital.
Under the circumstances, short-term or collateral-free loan facilities like 'factoring finance' would play an important role, especially in the industrial sector.
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