Small firms' last resort for financing
By Yu Ran in Shanghai | China Daily | Updated: 2013-01-21 07:56
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Many small- and medium-sized enterprises' owners went to pawnshops and mortgaged their cars for short-term loans during the year-ending period. SMEs are increasingly facing a working capital crunch, as banks are reluctant to lend to them due to their poor business record. Liu Daowei / For China Daily |
Many private business owners turn to pawnshops to find alternate funding options
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