Coming soon: a central platform for SME loans?
It will cut paperwork, save time; PwC is getting lenders onboard and hopes to roll it out by early next year
Add BT as a preferred source
Singapore
IMAGINE a single platform where all of some 270,000 small and medium-sized enterprises (SMEs) here can get a loan quote from multiple banks - with just one application.
This could slash the time taken to secure a loan from an average of seven weeks down to two, with SMEs able to track their status online without having to wonder if their request has disappeared into the void. That could take place as soon as early next year, if consultancy PwC has its way.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
The factors that make South-east Asia’s top conglomerates stand out
