Come on. Even Ah Long also operate like Banks.
Only that the interest they charged is mind-boggling.
Cos the nature of the business is high risk.

Actually, licensed money lender is also supported by Bank.
Cases which the Bank felt are too risky, they'd recommend it to money lender.

One with not much collateral, no chance with Banks. So either money lender or ah long.
There's a reason licensed money lender exist.