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What does small-medium enterprise (SME) mean?

Enterprise mean SME
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What does small-medium enterprise (SME) mean?

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Small and medium enterprises vary in size based on different definitions, but HOPE defines its SME initiatives as benefiting clients who receive loans in the range of $2,500-$40,000. SME loans support larger businesses to further accelerate their growth and allow them to expand employment opportunities in their communities.

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