to put it plainly the banks refused to give loans to smith or did with extremely high interest which further aggravated the situation of those enterprises
To put it plainly, the banks refused to give loans to SMEs, or did so with extremely high interest rates, which further aggravated the situation of those enterprises.
To put it plainly, the banks refused to give loans to SMEs, or did with extremely high interest which further aggravated the situation of those enterprises.