The recovery of SMEs' performance due to the impact of Covid-19 is significant because SMEs have an essential role in the economy. Many previous studies have examined the effects of covid-19 on SMEs, but this research is only on fundamental recovery. This study will be very different because this research prioritizes the acceleration of performance recovery and SMEs' competitive advantage to conduct activities immediately. This study aims to accelerate the recovery of SMEs' performance affected bhealing19 and the benefits of competing through non-banking financing. This research type is interpretive qualitative using primary data through in-depth interviews; each in-depth interview lasts 45 t0 60 minutes on several important informants and secondary data as data support. Data validity test using credibility and transferability test, Data analysis technique using research data reduction, presenting data, drawing conclusion drawing. Based on the research results in the field and analysis, alternative non-banking financing is suitable for SMEs affected by covid-19. The conclusion of this study is to accelerate the recovery of performance and competitive advantage through non-banking funding because there are no complex requirements required, and the payment model is very light.
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