ARA, Straits Trading and JL Family Office's offer of loans to SMEs oversubscribed

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ARA Group CEO John Lim said the"overwhelming response" to the fund"attests to the need for SMEs struggling during this period to find alternative sources of cheaper short-term funding".

Celine Tang, Mr Tang's wife and the managing director of SingHaiyi, said:"The Tang family has been through numerous business cycles ourselves, and we fully empathise with fellow business owners who feel the stress and pressure during economic downturns."

 

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