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What's keeping local SMEs from obtaining business financing?

Michelle Zhu
Michelle Zhu10/4/2017 3:40 PM GMT+08  • 2 min read
What's keeping local SMEs from obtaining business financing?
SINGAPORE (Oct 4): A majority of small medium enterprises (SMEs) in Singapore are unlikely to qualify for business financing, according to recent data from Linkflow Capital.
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SINGAPORE (Oct 4): A majority of small medium enterprises (SMEs) in Singapore are unlikely to qualify for business financing, according to recent data from Linkflow Capital.

Since Linkflow Capital's SME loans comparison web portal was launched in January, out of 1,065 SMEs which have utilised its free online loan assessment and comparison tool, 81% or 863 of the users may not meet these requirements for financing.

Based on information found on the business loan consultancy firm’s website, general business loan criteria include a minimum annual revenue of $200,000; an operational business which has been incorporated for at least six months; and a minimum local or PR shareholding of 30%.

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