SME Funding - How Hard Can It Be
“A small business owner walks into a bank and asks for a loan…” It’s perhaps not the most promising opening line for a joke, but for countless Small to Medium Sized Enterprises (SMEs) in Hong Kong, access to funding is no laughing matter. SMEs are often described as the “lifeblood” of our economy, and it’s easy to see why: Hong Kong’s 300,000 SMEs account for 98% of all businesses, 48% of the total workforce, and 60% of private sector revenue.
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