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Statement of the Problem Most SMEs in Nigeria die within their first five years of existence, a smaller percentage goes into extinction between the sixth and tenth year while only about five to ten … Instead of trying to establish a big business house overnight, aim at your primary customers. This study, The Challenges faced by Small and Medium Enterprises in Obtaining Credit in Ghana, was undertaken to highlight the issues facing SMEs in Ghana in their quest to accessing bank credit (loans) from financial institutions (banks & non– banks) to undertake 1.1. With an overall growth outlook of 1 to 3 percent – the lowest Singapore has seen for some time – 2016 is shaping up to be a rough year for small businesses. The solution: Though various ways are there for arranging small business funding, starting from friends and family to conventional bank loans, many experienced entrepreneurs believe that self-fueled growth model is the best and less-risky one. of small and medium scale enterprises (SMEs) in Port-Harcourt City. In a knowledge based economy the role of small and medium enterprises is very critical for the economic development. The main thrust of this study was on the competiveness of the SMEs in a knowledge-based economy. Some of the criteria employed in defining these enterprises include: number of workers, value of assets or annual turnover, nature of premises/space, status of registration/ legality of business and sustainability (CBS 1999). interviews showed that the challenges of small and medium scale industries in Nigeria include insuffi-cient funds, infrastructural problems and so on. Small and medium business entities with aggregated annual turnover under $50 million and that employ workers will be eligible. Only 9 percent of small and medium-sized enterprises think they can survive for 6 or more months during the outbreak. 1.1.3 Small and Micro Enterprises Small and micro enterprises are defined variously. van rooyen The prospects of small and medium scale enterprises in this 21st century Africa include economic growth and development, source of employment and im-provement in the welfare of people. Affecting hourly workers shift, job, paycheck and more. SUPPORTING Small to Medium Enterprises (SMEs) is the best way of addressing Zimbabwe’s high unemployment rate, Africa’s youngest billionaire has said. In addition, this study also explores the challenges which are facing the small and medium enterprises (SMEs) in Malaysia. In short, there are two aspects to the problem: One, power supply is not always available to the small units on the mere asking, and whenever it is available, it rationed out, limited to a few hours in a day. The payment will be delivered by the ATO as a credit in the activity statement system from 28 April 2020 when Business Activity Statements (BAS) are lodged. In the recent SME Outlook 2016, business owners and industry experts came together to shed light on some of the problems small businesses might face in the coming years and to share ideas on how to deal with them. “This is a constant, regardless of the year,” said Ken Wentworth, owner of Mr. Biz Solutions. According to the 2019 Small Business Trends report from Guidant Financial, 33 percent of small business owners surveyed cited a lack of cash flow as their greatest challenge. Eligibility will generally be based on prior year turnover. Managing cash flow is a perpetual struggle for most business owners. 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