The significant contribution of Micro, Small, and Medium Enterprises (MSMEs) to both social and economic development is generally recognized. Despite making a substantial contribution to the Indian economy, the sector in question encounters numerous obstacles, with money being the primary impediment. The expansion of Micro, Small, and Medium Enterprises (MSMEs) is contingent upon their ability to obtain timely and sufficient credit at a fair rate. Financial Institutions have restricted their involvement in this sector due to the relatively small loan amounts, increased expenses associated with servicing this segment, and limited capacity to offer immovable collateral. The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has played a significant role in India by offering Credit Guarantees to Micro & Small, Enterprises (MSEs) since its establishment in 2000. Despite the presence of many obstacles from both Bankers and Financial Institutions the continues to face challenges in obtaining loans in a timely and sufficient manner. The main focus of this study is to study the sources to get finance to run the business and to identify the problems faced by the entrepreneurs running MSMEs in Chennai. A sample of 103 entrepreneurs was selected for the study and this study falls under descriptive type. Questionnaire is considered as study instrument, Convenience sampling method is used to select the respondents for the study. Descriptive measures and one-way ANOVA are the statistical tools applied. Reliability of the study sounds with 0.829 (82.9%). SPSS v23 is used to perform the data analysis. Entrepreneurs responded that their own capital resources are the prime source of running the business. Financial issues have badly affected the entrepreneur’s profitability which is the key issue faced by the entrepreneurs. Entrepreneurs in the age group of below 30 years, without any Educational Qualification and having an experience of less than one year are facing more financial problems.