Over 7,600 businesses loaned about S$7.1 billion
Applicants under government-assisted schemes mostly from wholesade trade, manufacturing and construction
Singapore
MORE than 7,600 businesses in Singapore borrowed about S$7.1 billion from government-assisted schemes over the past few months, with most of the loan applications coming from the wholesale trade, manufacturing and construction sectors.
And the loan value, amassed from March till mid-June, is more than five times the credit that was extended in 2019, said Enterprise Singapore (ESG), which oversees financing schemes including the SME Working Capital Loan and Temporary Bridging Loan Programme.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
SMEs
Sun rising for Singapore businesses breaking into Japan market
One in three Singapore SMEs expect AI to replace or take over jobs: survey
Fintech KPay aims to triple Singapore merchant base, double local workforce
Singapore SMEs in contractionary mode for fifth straight quarter: OCBC
B2K’s second-generation leaders paw a new path in pet products
Finding a growth vector with digital solutions