9 in 10 Singapore SMEs successful in securing debt financing: survey

Singapore

ABOUT 13 per cent of Singapore's small and medium enterprises (SMEs) sought external financing in the past year and a bulk or 90 per cent of them were successful in their applications for debt financing, according to a latest survey by Spring Singapore.

In addition, over two-thirds or 60 per cent of SMEs that sought external financing this year did so for cash flow management, said Spring Singapore in a statement disclosing the findings from its secon…