Small and Medium Enterprises (SMEs) the world over are considered a dynamic growing sector, laying the foundations for the future growth of the economy through their innovativeness and performance. Their impact on productivity, competitiveness, employment, income distribution and eventually growth and development cannot be overstated. With the realization that the Singapore home-grown business could provide a powerful impetus for economic growth in a knowledge-based economy, nurturing local start-ups and developing local businesses as catalyst is critical. Against this backdrop, this book attempts to survey the vital role and the latent potential of SMEs in Singapore. It also attempts to provide a profile of SMEs, the role of SMEs, an overview of the various initiatives that have been undertaken to help local SMEs realize their potential through the SPRING Singapore's public finance schemes and the banks' financing facilities as well as presents the challenges ahead for SMEs given the current global financial crisis.