The phrase "access of financing" is not correct in standard written English.
It is likely intended to convey the idea of obtaining or having access to financial resources.
Example: "The startup struggled with the access of financing needed to launch its product."
Alternatives: "access to financing" or "availability of financing."
This relationship is explicitly quantified by Quintin (2008), who shows that a model of limited enforcement calibrated to the US, by matching the measures of access to finance of some developing countries, can replicate the observed differences in average firm size between the US and Argentina and Mexico.
Writing in the Wall Street Journal, Sharon Hadary, former and founding executive Director of the Center for Women's Business Research and adjunct professor at the University of Maryland, points to the usual suspects: lack of access to financing, unwillingness to take on the risk of debt, bias by potential big business customers, and lack of access to informal networks.
Having lived in emerging economies almost her entire life, she is very aware of the potential of the human capital and the lack of access to financing in those economies.
Lack of access to financing, however, is a major impediment to growth of new businesses in the region.
Another important trend is the decentralization of access to financing.
The issue of access to financing has dominated the debate in recent days, and both sides think it may decide the outcome.
These, analysts say, include rigid labor markets in many Continental countries, which make it costly to hire and fire workers; weighty legal and financial penalties for business failure; and a lack of access to financing.
Monetary policy would have been more effective in the US had more attention been devoted to credit blockages – for example, many homeowners' refinancing problems, even at lower interest rates, or small and medium-size enterprises' lack of access to financing.
SMEs in fast-growing markets such as India, Nigeria and Kenya all lack access to financing of more than $1.2 trillion dollars, resulting in a so-called 'credit gap'.
Fundera's McCarthy says that the company plans to do further studies of access to financing by minority entrepreneurs and older entrepreneurs.
"Lack of access to financing makes people settle for options like predatory lending just to survive," says Bunal, whose fintech startup has helped more than 2000 clients since its inception.
