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DBS approves over 3,500 loans worth more than S$1.1b for micro, small enterprises

Bank working with key stakeholders to ensure working capital support reaches the most challenged of them

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Since early April, DBS and the Federation of Merchants' Associations, Singapore have been collaborating on solutions to ease the cash flow challenges faced by heartland enterprises.

Singapore

DBS has approved over 3,500 loans for micro and small enterprises, totalling more than S$1.1 billion, under Enterprise Singapore's financing schemes.

The loans account for eight in 10 of all government-assisted small and medium enterprise (SME) loans that the bank has...

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