SMEs on Hope fund get priority access to CIMB Singapore's Covid19 funding schemes
The need to provide SMEs with more funding options came as demand from businesses has grown in recent weeks. Already, the Hope fund - which has a S$5 million kitty - has disbursed close to S$2 million in funds to about 40 companies, and will continue handing out loans to more of them.
The collaboration with CIMB Singapore will provide local businesses looking at short-term and/or long-term financial solutions with more options, helping them tide over this challenging period, Mr Lee added.
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