Constrains of SMEs in Singapore
Almost 99% of all businesses in Singapore are made up of SMEs. Quite often, these small and medium size enterprises (SMEs) in Singapore face many challenges for their survival. Usually in the very first year of business establishment, SMEs face a major problem of cash inflow due to delay in receiving payments from their customers. The limited financial resources become a major constrains in delay in expansion of business and IT automation.
Such SMEs are required to find cost effective way to find new and retain existing customers. Under these conditions retaining motivation level of employees becomes a herculean job. Realizing the need of SME funding Singapore, required capital is provided to SMEs through finance market to support the SMEs and help them to come out of their financial problems.