SME borrowers advised to keep loans steady as rates fall

Expert warns SMEs against applying for larger loans ‘simply because it’s cheaper’, while borrowers should be aware of what aligns with their long-term development goals.
SME borrowers advised to keep loans steady as rates fall
By Ryan Li
Oct 14, 2024
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A Singapore-based consultancy for small and medium-sized enterprises’ (SMEs) loans found that Singaporean SMEs’ access to credit and financing “tightened considerably” in 2023, with a total amount of $130,000 approved loans on average per business within the year, down 42% from 2021.

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Funding & InvestmentStrategyTreasuryThemes
corporate bankingcredit historyinterest rateloan drawdownsme lending
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