Harvesting Opportunities: Innovations in Financing Capital-intensive Startups

Harvesting Opportunities: Innovations in Financing Capital-intensive Startups banner

In Singapore, small and medium-sized enterprises (SMEs) are pivotal in driving innovation, job creation, and economic growth. SMEs make up 99% of all local businesses and employ up to 71% of the workforce, according to the Department of Statistics in Singapore.  While many of these SMEs are in the service …

Enhancing Business Cash Flow through Accounts Receivable Financing

Enhancing Business Cash Flow through Accounts Receivable Financing

What is Accounts Receivable Financing ?  Increasing your business cash flow is crucial for sustaining work operations, such as, investing in growth opportunities, and managing day-to-day expenses. One effective strategy to achieve this is through accounts receivable financing, which allows you to access funds tied up in outstanding invoices. Listed …

Rescuing F&B Supplier Relationships with AP Financing

Rescuing F&B Supplier Relationships with AP Financing

Singapore’s vibrant, thriving food and beverage (F&B) industry is a bright spot in the economy, showing signs of robust growth in the face of uncertainty. As of April 2023, all F&B services industries recorded year-on-year growth, according to data from the Singapore Department of Statistics:  Food caterers: 61% Fast food …

Understanding Term Loans: A Beginner’s Guide

Understanding Term Loans: A Beginner’s Guide

The objective of gaining opportunities and growth can only be accomplished if you invest in your business. Unfortunately, you might not have enough cash on hand to make these necessary investments. In this case, a small business financing option is exactly what you need. While you research the available financing …

A Guide to Accounts Receivable (AR) Financing in Singapore

A Guide to Accounts Receivable (AR) Financing in Singapore

66% of businesses in Singapore struggle with the increase in overall business costs. Are you a small business owner struggling to find capital for your venture? Accounts Receivable (AR) financing may be the answer. This blogpost will give you a guide to Accounts Receivable (AR) financing in Singapore and how …

How to use Elevate for SMEs: Issue Unlimited Sub Cards to your team

How to use Elevate for SMEs: Issue Unlimited Sub Cards to your team

As a small or medium-sized enterprise (SME) based in Singapore, managing company expenses can be a daunting task. With limited resources and manpower, busy business owners can find it difficult to keep track of spending and ensure that budgets are allocated correctly. This is why having a corporate card with …

5 SME Loan Options to Take Your Business to the Next Stage

5 SME Loan Options to Take Your Business to the Next Stage

Business loans can help the growth of your business in various ways. Whether they’re used to hire more employees, offer new products, expand to a new market, or purchase better equipment. These financing options can provide your business with the capital you require to branch out. Taking the crucial step …

4 Ways of Utilising the Elevate Virtual Card to Expand Your Business

4 Ways of Utilising the Elevate Virtual Card to Expand Your Business

As a small and medium-sized enterprise (SME) or business owner, do you often find yourself lacking complete control and overview of your company expenses? Well if you face this dilemma, the Elevate Virtual Card is an option on top of a credit line from Funding Societies which can help you …