SME/SMI can be categorized into 3 goups based on EITHER no. of emplyees (depending on industry) or yearly turnover as summarized below :
Primary agriculture Manufacturing Services
Micro
Small 5 - 19 5 - 50 5 - 19
Medium 20 - 50 51 - 150 20 - 50
This blog is written with an objective to share with SME/SMI enterpreneurs on how to prepare themselves for SME loan application, what banks are looking at when considering an application, and the various loan packages available for their application. The author also provide real life case study as reference from his daily consultancy works. Readers are encouraged to send in their queries for free advice and all information provided will be treated P&C.