Philippine E-Journals

The Development of Long-Term Credit for Small and Medium Enterprises

Charles Chen

Discipline: Economics, Business

 

Abstract:

Business enterprises start small and evolve to medium and eventually large-scale businesses. It is when enterprises are starting out small that they need the most attention and assistance. Enterprises usually begin with limited capital, a single buyer and entrepreneur who has to handle the entire operation. The business is viable and profitable primarily because the entrepreneur pays personal attention to it, having either the exposure to the business or a personal interest in it. The operation is very manageable and customers are satisfied because of the kind of treatment given to them.