A business needs to have access to finance to help ensure financial stability.

Finance is a major factor here. in my own part of the world accessing loans is pretty difficult. What other means can be used in financing or refinancing a business?

Access to finance is the fundemental issue to every size of business. Moreso,before the formation of any business establishment the thought of source for finance should be paramount cause without finance there wouldn't be any business.Finance is the first face which determins other things .

Can one ever engage in business without finance ?

Finance is a major factor here. in my own part of the world accessing loans is pretty difficult. What other means can be used in financing or refinancing a business?

Finance needs to be well kept in order for prompt payments.

Efectivamente los créditos no honrados en su oportunidad en los plazos establecidos inicialmente podrían traer problemas una de las vías de solución es el refinanciamiento, el cual resulta en una solucion pero muy cara, ya que el concepto de re-financiamiento es tomar el saldo impago con todos sus intereses y proyectarlos en una mayor cantidad de tiempo con cuotas mas bajas y aplicarle una tasa de interés por tanto esta operacion podria dar un respiro si la empresa no puede pagar el cerdito tal como lo pacto inicialmente pero por otro lado este se encarecería enormemente

Finance is a major factor here. in my own part of the world accessing loans is pretty difficult. What other means can be used in financing or refinancing a business?

Getting more business partners who will invest in the business more funds hence progress