Small and medium scale enterprises are many in our economy and plays the vital role of providing specialized services to the customers of the large scale enterprises. Moreso, it is a source of income or employment for greater percentage on Nigerians. It becomes paramount that financing of the small and medium scale enterprises to the agenda of the financial institutions. But are they at all in their agenda? What are their relationships with regards to financing?
It is the aim of this research to find out the role of commercial banks as the financing of small and medium scale enterprises, taking the Union bank PLC as a reference point. To delve into the matter, the research work has five chapters.
Chapter one is the general discussion of the small and medium scale enterprises from different perspectives. As a further discussion, there was the statement of problems of the study , the need of the study, the scope, limitations and the definition of terms.
Highlighted is chapter two are the review of related literature as carried out by authors and researchers.
Chapter three of this researcher work deals with the design of the study, the data collection method. In other words, the ways through which the questionnaires were distributed to the respondent were discussed.
In the fourth chapter of the research work, the data collected were analyzed and interpreted.
Finally, the summary of findings, conclusions and recommendation are made in chapter five.
It is the belief of the researcher that the recommendations if strictly adhered to by the entrepreneurs and financial institutions will ensure their mutual survival and growth.
The world as it is today is categorized into two broad groups namely the industrialized bud the non industrialized nations represent those whose economy have been made vibrant by the participation of industries small scale and medium scale and activities. This has never ceased to be the wish of any government that was a capitalist or a mixed economy.
However, owing to the differences in the strength of entrepreneurs, the industries are grouped into three, viz. the small-scale industries (SSI), the medium scale industries (MSI) and the large-scale industries (LSI) of industries that abound in many countries of which Nigeria is one. The services of these industries are indispensable even to the large firms and the need for expansion is always top on their agenda.
This is where financial institutions come, in, particularly the commercial banks. The short fall in the personal financial of the entrepreneurs are augmented by the financial institutions. However, it is a prominent situation today whereby one funds the bridge unable to cross to the other side of the river. In Nigeria, as in many other developing countries, there is the death of financial institutions, which cater for long and medium term credit needs of business operations. It suffices here to say that the entrepreneurs suffer a great deal in their bid to establish themselves in the ever-dynamic business environment
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