The Complete Process of an SME Loan Application

Singapore’s economy is driven by small and medium-sized enterprises, which make up about 99%%%% of all enterprises. Thus, SME financing accounts for a significant segment of the business financing market, where working capital is given out to companies through different SME loan products. Apart from the traditional banks and financial institutions that still provide the majority of business loans in Singapore, financial technology (FinTech) is rising and fast, making its presence known as an alternative source of business financing.