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ARTICLE · 08 NOVEMBER 2013

Alternative Funding For SMEs

Alternative fund providers have devised ideas to bypass the banks and give SMEs access to capital.

MaltaFinance and Banking
Fenech Farrugia Fiott Legal
Fenech Farrugia Fiott Legal
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I remember having a conversation with a friend of mine, a few years ago. He reminisced about his first steps towards becoming an entrepreneur and recounted the number of visits he made, as a young man, to various banks trying to get them to extend facilities to help finance his fledgling property business. The visits were numerous and with each appointment he would measure how many minutes it took before he was politely ushered out of the door. Today, he is the CEO and major shareholder of a multi-million property development company with projects in all the major cities across the globe.

What changed the course of his career catapulting him from obscurity to the jet-set lifestyle that he enjoys today was quite simply, access to funds and a sound, scalable business idea.

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