New data shows sharp contraction in loan sizes, rising business cessations, and shifting lender dynamics as SMEs struggle with tighter financing conditions. SINGAPORE – Media OutReach Newswire – 30 April 2025 – Singapore’s SMEs battled tighter financing conditions in 2024, with average borrowing costs rising to 8.47% per annum — the highest in recent years, […]
Singapore SMEs Hit by Record 8.47% Borrowing Costs and Shrinking Loan Access in 2024: Linkflow Capital Survey
