Businesses get help with cash flow but SMEs want banks to do more

Singapore

BUSINESSES will get a further shot in the arm to ease cash flow pressure amid the Covid-19 pandemic, but some small and medium-sized enterprises (SMEs) remain concerned that they will not get financial support from the banks when they need it most.

As part of the Resilience Budget, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Thursday that the government will enhance its financing schemes "so that even the hardest-hit businesses can continue to have access to credit".