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Small and medium enterprises (SMEs) have an important role in the economic development in South Africa. (SMEs) caused competition becomes increasingly fierce. This made construction (SMEs) experiencing more challenge to be able to access credit from financial institution. This paper aims to propose a conceptual framework for credit accessibility among construction SMEs. Several factors are preventing SMEs contractors in accessing credit from financial institutions such as: lack of collateral, high interest rate and bank changes, lack of owner’s contribution, lack of good business plan development, lack of excellent managerial skills, lack of business skill and lack of binding building contact agreements. The survey method and self-administered questionnaires were used for data collection. 179 respondents took part in the survey. Data was analysed with binary logistic regression. The results indicate that Age of the firms, ownership structure, company tax number, and location of the business, current position, managerial competencies, and incorporation are significant determinants of credit accessibility for construction SMEs. These findings could be useful to others SMEs sectors in identifying credit approval in credit application from the financial institution in South Africa.

Identification factors influencing accessibility of credit for small and medium contractors in the construction industry