Jurnal Penelitian dan Pengembangan Sains dan Humaniora (JPPSH)
Vol. 7 No. 3 (2023): October

Impact of Financial Support in Fueling Business Expansion for Small Enterprises

Jamiu, Tajudeen Ade (Unknown)
Adeoye, Moses Adeleke (Unknown)



Article Info

Publish Date
08 Jan 2024

Abstract

Small enterprises play an essential role in driving economic growth and job creation. However, these businesses often need help with various challenges, including limited financial resources that hinder their ability to develop and expand. This study aims to examine the impact of financial support in driving the business expansion of small enterprises. A descriptive survey research design was used to determine the sample size of the study from a population of 520 small business enterprises, and questionnaires were administered to the entire 226 sample size through personal delivery. In contrast, quantitative techniques involving the use of descriptive and inferential statistical methods were adopted for data analysis. The study highlighted the positive impact of financial support on various aspects of business expansion. The findings show that financial support enables small businesses to invest in marketing and advertising activities, upgrade their facilities and equipment, and expand their product or service offerings. In conclusion, financial support has had a significant impact in driving business expansion for small businesses. This study provides important insights into how better access to financial resources can accelerate the growth and expansion of small businesses. This research is expected to provide essential insights into how better access to financial resources can accelerate the growth and expansion of small businesses.

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Journal Info

Abbrev

JPPSH

Publisher

Subject

Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Jurnal Penelitian dan Pengembangan Sains dan Humaniora (JPPSH) is a journal that uses a double-blind peer review model that can be accessed online. The purpose of JPPSH is to publish a journal containing quality articles that will be able to contribute thoughts from a theoretical and empirical ...