Uploaded on Sep 27, 2021
International trade has been highly affected since the global pandemic of Covid-19 hit the world economy. The trade finance gap has extended and it has adversely affected Small & Medium-sized enterprises i.e. SMEs as they are lacking a proper cash flow to get their imports & exports funded. Plus, it is difficult for SMEs to borrow & get funds from banks as these banking institutions either have become extremely cautious about risk management in case of loan payment default or are reluctant to finance companies that have smaller balance sheets. Read more: https://www.axioscreditbank.com/blogs/what-makes-trade-finance-a-better-choice-than-legacy-banks
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