It would be pertinent to mention here that unavailability of timely along with adequate funds have a huge adverse effect on the overall growth of the SME’s that would in turn affect the overall growth of the Singapore economy. Such kinds of insufficient funding sources would serve as an essential barrier in the sustenance and development of SME funding Singapore.
The economic development would be largely dependent on the performance of small or micro and medium enterprises. They have been deemed the powerhouse of entrepreneurial spirit, innovation, and huge amount of talent. It would be requisite for the development of the nation in the economic sector.