As of now, SMEs in Singapore are considered to be the backbone of nation as SMEs account for about 99% enterprises of the country. Thereby, SMEs contribute massively to the annual GDP and economy of Singapore. In order to strengthen and make SMEs grow, SME funding Singapore grants schemes to them.
SME funding Singapore is an initiative to establish and strengthen SMEs through financial institutions and banks grant loans. In addition, SME funding Singapore based on performance also issues loans for technological innovations, R&D and ACE startups for early stage ventures. Recently, SME funding Singapore –Germany programme has been launched by SPRING Singapore to encourage partnership between SMEs of Germany and Singapore.