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In January 2017, Funding Societies was one of the first SME digital lending platforms in Singapore to be awarded Capital Markets Services Licence by the Monetary Authority of Singapore. In February, it revolutionised Business Loans by introducing FS Bolt, a mobile app for loan applications, which is now available on App Store & Google Store.
SMEs account for nearly 90% of all company entities in developing Asian countries and are the principal private sector employers, supplying 50-80% of all jobs. [24] SMEs cover 97-99% of all firms in South-east Asia, contributing considerably to each country's GDP—for example, 46% in Singapore, 57% in Indonesia, and over 40% in other nations. [24]
SME finance is the funding of small and medium-sized enterprises, and represents a major function of the general business finance market in which capital for different types of firms are supplied, acquired, and costed or priced.
The bank's main function upon its establishment was to finance Singapore’s industrialisation and the government’s urban development projects. [13] Back in 1960, the government invited a United Nations (UN) industrial survey mission to assess the economic situation in Singapore and to come up with an industrialization programme for the city ...
Most SBA loans over $50,000 require some form of collateral based on the lender’s non-SBA-guaranteed commercial loan policies. Examples of SBA collateral include real estate, inventory and ...
SMEs account for nearly 90% of all company entities in developing Asian countries and are the principal private sector employers, supplying 50-80% of all jobs. SMEs cover 97-99% of all firms in South-east Asia, contributing considerably to each country's GDP—for example, 46% in Singapore, 57% in Indonesia, and over 40% in other nations.
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