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According to statistics shared at the recent World Government Summit, only 7% of bank loans are taken by SMEs in the Middle East.
This is despite the fact that over 90% of Middle Eastern companies are small and medium enterprises.
Clearly, SMEs shy away from traditional financing due to challenges such as too much paperwork, lengthy processing periods, unattractive interest rates, etc.
Lendo understands the challenges SMEs face when it comes to financing, and wants to help you fly your business to newer heights with our invoice financing solutions. We connect SMEs directly to investors and watch magic happen.
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