Göçmen Girişimcilerin Kuruluş Aşaması Finansmanı: İsveç/Göteborg’daki Türk Restoran Sahipleri Örneklemi
Financing of Immigrant Entrepreneurs in Foundation Phase: Sample of Turkish Restaurant Owners in Sweden/Gothenburg

Summary/Abstract: The aim of this study is to investigate challenges of immigrant restaurant owner entrepreneurs in Gothenburg (Welfare State Sweden's second largest region after Stockholm) regarding foundation phase financing; and to investigate what their solutions are to those problems. It is often discussed in public and academic platforms that immigrant entrepreneurs experience discrimination in the credit markets, and their access to financial capital is limited, even some has to close their businesses in the Scandinavian welfare state model. Semi-structured in-depth interviews were conducted with nine entrepreneurs, by using snowball sampling technique. Among those nine, only one could use bank credit and another one was able to utilize part of his mortgage and car loans for business purposes. Remaining seven entrepreneurs’ credit application were either denied or they could not use the loan because of high costs. As a solution, these entrepreneurs managed to employ their family funds in the form of grants and loans.

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