What Is The Meaning Of SME
What is the full meaning of the word “SME“:
In Short words, In Economic or banking sector, SME stands for (small-to-medium enterprise) is a convenient term for segmenting businesses and other organizations that are somewhere between the “small office-home office” ( SOHO ) size and the larger enterprise. The European Union has defined an SME as a legally independent company with no more than 500 employees.
In the engineering field, SME also stands for the Society of Manufacturing Engineers.
I decided to write down the meaning of SME because, in most my recent post, I use the term SME a lot, so I thought to state the meaning for those of us who are just layman to Banking and loan term.