Financing SMEs and Entrepreneurs 2022.

Format:

Book

Author/Creator:

OECD.

Organization for Economic Cooperation & Development, author, issuing body.

Series:

Financing SMEs and Entrepreneurs

Language:

English

Subjects (All):

Financial Management.

Physical Description:

1 online resource (274 pages)

Edition:

1st ed.

Place of Publication:

Paris : Organization for Economic Cooperation & Development, 2022.

Summary:

The COVID-19 crisis caused profound disruptions in the global economy, with SMEs and entrepreneurs, particularly hard hit. Swift measures implemented by governments and public financial institutions provided a crucial lifeline for liquidity-strapped SMEs.The 10th edition of Financing SMEs and Entrepreneurs 2022: An OECD Scoreboard sheds light on the impacts of the crisis on SME finance, tracking the latest developments in debt, equity, asset-based finance, and framework conditions, along with recent policy developments for 48 countries around the world.

Contents:

Intro

Preface

Foreword

Note

Acknowledgements

Country expert team

Reader's guide

Indicators

Data collection

Cross-country comparability

Methodological advances and recommendations for data improvements

Acronyms and abbreviations

Executive summary

1 Recent trends in SME and entrepreneurship financing

Business environment and macroeconomic context

Trade and business investment

Financial conditions

Lending to SMEs

New SME loans

Outstanding stock of SME loans

SME loan shares

Short-term versus long-term lending Credit conditions for SMEs

Interest rates

Collateral requirements

SME loan applications

Rejection rates

Additional evidence on credit conditions from survey data

Euro area

United States

Japan

United Kingdom

Asset-based finance

Leasing and hire purchases

Factoring

Equity instruments

Venture capital

Online alternative finance

Payment delays, bankruptcies and non-performing loans

Payment delays

Bankruptcies

Non-performing loans (NPLs)

Government policy responses in 2019-20 In the run-up to the crisis, governments continued to make use of credit guarantee schemes and increasingly supported alternative finance instruments for SMEs

Credit guarantees have remained the dominant form of support for SME access to finance through the COVID pandemic

Direct lending was also ramped up to support the SME crisis response

Governments made significant use of temporary crisis measures, such as deferred payments and grants, to support the urgent liquidity needs of SMEs Public support for equity financing in 2020 was strong, but not as strong as the support provided through other instruments

Fintech firms played a role in channelling support, but have further potential to support SME access to finance

The post-COVID policy landscape will be shaped by the recovery agenda and the need to increase SME resilience, including through continued financial diversification

References

Notes

2 SME finance in COVID-19 recovery packages: Assessment and implications

Overview

Introduction

The SME orientation of recovery packages Many countries have launched recovery packages

The packages share common overarching objectives but differ in focus

The format, types of support and size of packages differ across countries

Rescue packages had a strong focus on SMEs

However, recovery packages have a less explicit focus on SMEs

Recovery packages also saw a shift in the types of SMEs targeted

SME financing instruments in recovery packages

Debt instruments continue to be an integral part of recovery packages, with a shift in design and focus.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-54473-9