@article{(Open Science Index):https://publications.waset.org/pdf/15259, title = {Small and Medium Enterprises (SMEs) Financing Practice and Accessing Bank Loan Issues -The Case of Libya}, author = {Kalsom Abd Wahab and Khalid Hassan Abdesamed}, country = {}, institution = {}, abstract = {The purpose of this paper is to examine the financing practices of SMEs in Libya in two different phases of business life cycle: start-up and matured stages. Moreover, SMEs- accessing bank loan issues is also identified. The study was conducted by taking into account the aspect of demand. The findings are based on a sample of 76 SMEs in Libya through the adoption of questionnaires. The results have pinpointed several things- evidently, SMEs use informal financing sources which prefer personal savings; SME owners are willing to apply for bank loan, that the most pressing problem has been identified, not to apply bank loan is loan with interest (religion factor).}, journal = {International Journal of Economics and Management Engineering}, volume = {6}, number = {12}, year = {2012}, pages = {3715 - 3720}, ee = {https://publications.waset.org/pdf/15259}, url = {https://publications.waset.org/vol/72}, bibsource = {https://publications.waset.org/}, issn = {eISSN: 1307-6892}, publisher = {World Academy of Science, Engineering and Technology}, index = {Open Science Index 72, 2012}, }