Experts: Access to financing a big hurdle for SMEs


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PETALING JAYA: With the Overnight Policy Rate (OPR) maintained at 2.75%, small and medium enterprises (SMEs) which account for over 97% of businesses say access to financing remains “uneven.”

SME Association of Malaysia president Dr Chin Chee Seong (pic) said although the stable rate has helped businesses manage costs, many smaller companies still struggled to get loans with others facing lengthy approval processes.

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SME , trade , loan , OPR , cost , approval , stringent , banks , reject.

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