SME's in new help plea
30-12-2008
Small and medium-sized enterprises are calling on the government to amend the special SME loan guarantee scheme to help them survive the economic downturn. They say banks are charging too much interest on the money they lend, despite the introduction of the scheme, which guarantees 70 percent of loans for successful applicants. A representative of a pressure group, the SMEs Survival Alliance - Vincent Mak - urged the administration to raise the guarantee ratio.
