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Effect of Bank of industry on financing small and medium scale enterprises in Enugu state

 Department: Business Administration and Management  
 By: usericon besterine97  

 Project ID: 2678
   Rating:  (3.2) votes: 11
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   Price:₦3000
Abstract
This research work empirically explored the effect of Bank of Industry on financing small and medium scale enterprises in Enugu state. The purpose of which is to investigate the impact of Bank of Industry on small and medium scale enterprises (SMEs) in Nigeria. The objectives of this study were to examine the impact of credit from Bank of Industry on the performance of small and medium scale businesses in Enugu state, appraise the success of Bank of Industry in playing its role of pulling resources for utilization by small and medium scale businesses in Enugu state. The scope of the study is Enugu state in 2019 making use of business owners, financial growth theory was used as a framework. The research design used for this study is survey, the population targeted for this study consists of all business owners.  400 business owners were used as sample size and cluster sampling technique was applied. Instrument used for this study is the questionnaire. Data collected were collected from primary sources. From the analysis of the data, the findings shows that credit from Bank of Industry affect the performance of small and medium scale business in Enugu state, Bank of Industry plays its role of pulling resources for utilization by small and medium scale business in Enugu state. Following the findings, it was recommended that credit from Bank of Industry should be granted to small scale businesses at low-interest rates and longer repayment periods, the process it takes to acquire a loan should be shortened....
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