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One report found that about 29 percent of failed businesses identified the lack of working capital as a major reason for failure, second only to the lack of market demand for their products or services.

These failures are mostly due to the many barriers within the traditional finance industry, including outdated credit rating protocols. As a result, banks and other traditional lending institutions often have slow and rigid lending processes, thus denying SMBs timely access to working capital and severely affecting business growth.


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