Why are small and medium enterprises (SMEs) unable to access loans despite generous government terms?

Despite the government's SME loan system offering extremely favorable terms - including zero interest and a two-year moratorium period - many small and medium enterprises still struggle to access these loans due to lack of basic documentation. According to Minister Colm Imbert, these businesses often don't have the minimum requirements such as company accounts, financial statements, income tax registration, and NIS registration. The government has established this system with banks to help entrepreneurs, requiring only repayment of the principal amount with no payments necessary for the first two years. However, the fundamental documentation issues prevent many SMEs from benefiting from this generous financial assistance program.