Factors affecting Australian SME access to debt finance

Alfred Wong, Adam Steen, Mariya Yesseleva-Pionka

Research output: Book chapter/Published conference paperConference paperpeer-review


The sustainability and growth of Small and Medium Enterprises is essential for the success and growth of all economies. One of the major impediments to SME growth and survival though is access to debt finance. This paper reports the findings of an empirical study into the factors which influence the decision to lend to SMEs. We surveying bank lending officers and find that SME characteristics including industry, size, age, legal status, use of professional advisory service firms, use of performance measures as well as planning, human resource and innovation measures are important factors considered in the decision to lend to SMEs. Awareness of the importance of these factors can assist borrowers to be able to access debt finance.
Original languageEnglish
Title of host publicationProceeding for the 29th Australasian Finance and Banking Conference
Place of PublicationSydney, Australia
PublisherInstitute of Global Finance
Number of pages37
ISBN (Electronic)9780987312785
Publication statusPublished - 2016
Event29th Australasian Finance and Banking Conference - Shangri-La Hotel, Sydney, Sydney, Australia
Duration: 14 Dec 201616 Dec 2016
https://web.archive.org/web/20160519174712/https://www.business.unsw.edu.au/about/schools/banking-finance/seminars-conferences/australasian-finance-banking-conference (Conference website)
https://www.unsw.edu.au/content/dam/pdfs/unsw-adobe-websites/business-school/banking-finance/news-events/2021-09-busines-banking-29th-AFBC-Program.pdf (Conference program)


Conference29th Australasian Finance and Banking Conference
OtherThe AFBC is the most prestigious finance conference in the Asia-Pacific region. It brings together the world's foremost leaders of thought from the financial community, providing international academics and industry professionals with the opportunity to meet and share their research and interest in finance-related fields. The Conference Committee would like to invite all academics and practitioners to participate.
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