SME finance is the funding provided to small and medium-sized enterprises to support their growth and operations. There are various funding options available for SMEs, including loans, grants, and equity financing. However, SMEs may find it challenging to access traditional forms of financing due to a lack of collateral or credit history. This is where alternative lending options, such as factoring finance, invoice discounting, and bill discounting, come in as they provide working capital for SMEs without the need for collateral or a long credit history.