Small firms have difficulty accessing funds

Expensive equipment: High cost of doing business remains a key obstacle in the day-to-day business operations of SMEs.

ACCESS to financing remains one of the main challenges for SMEs. But while the government has rolled out several initiatives to help them in this regard, small firms have noted that a lot of these efforts are not easily accessible.

For example, several companies have shared that their experience in applying for grants or programmes under SME Corp hasn’t been entirely smooth.