The vital objective of this report is to analysis SME fund allocation and risk management of private commercial Bank of Bangladesh. General objectives of this reports are to analysis the process of SME funding Operation in IFIC Bank, and how IFIC Bank is handling the loans and advances. Here also find out barriers or bottlenecks or risks in sanctioning the overall loans and advances process and to recommend on those problems. Finally this report make swot analysis SME fund allocation and risk management of private commercial Bank of Bangladesh.