Coming soon: a central platform for SME loans?

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.