THE EFFECT OF COMMERRCIAL BANK LOAN IN THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES(SMES) IN NIGERIA: A CASE STUDY OF FIRST CITY MOMUMENT BANK
Abstract
This work examines the effect of Commercial Bank Loan in the Performance of small and medium Enterprises (SMES) in Nigeria: A Case Study of First City Monument Bank. The study specifically, ascertain the role of commercial bank loans in satisfying the financial needs of SMES in Nigeria and method to reduce formality needed for financial the entrepreneurs by commercial banks. The study adopts the quesi-experimental research design. The chi-square (x²) statistical was employed in testing hypothesis. The study reveals that they have needed advice on certain issue or information concerning your organization. It was also revealed that they keep daily or weekly records of business transactions. And also findings show that CBN also influence the bank lending policies. The research also reveals that there is no significant relationship between financing of small and medium scale enterprises and deposit money banks. The study recommends amongst others that the government should be consistent in its industrial policies so as to enable manufacturing firms to factor tariff measure into their trade decisions. Also the government should regard SMES as the eggs" that hatch big businesses and the government should support SMES by bulk purchasing their products and retailing them both for the domestic market and for exports.
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