Are you a small business owner in Singapore who has explored a variety of business financing options but can’t find what’s best for you? If you’re looking for financial support aside from banks and traditional financial institutions, and need more information on alternative business financing, we have the guide for …
SME Business Financing: The Definitive Guide (2023)
Are you a small and medium-sized enterprise (SME) owner looking for ways to finance your business? With so many different types of SME business financing available, it can be difficult to know which one is right for you. This is why we have created this SME business financing guide. In …
Budget 2023: 8 ways Singaporean SMEs can maximise tax benefits
Small and medium-sized enterprises (SMEs) are the lifeblood of the Southeast Asian economy, making up 97% of its businesses and utilising 67% of its workforce. Funding Societies has fuelled this growth by bridging the gap between Southeast Asian businesses and investors since our launch in 2015. As the region’s largest …
What is Cash Flow and Why is it important for SMEs
What is Cash Flow? Cash flow is the net amount of cash and cash equivalents that enter and leave a company during a specific time period. Whether your cash flow is made up of owned capital or borrowed monies, a tally will indicate if the business is in debt or …
Funding Societies’ Micro Loan vs. Term Loan
Small and medium enterprises (SMEs) face more challenges when applying for business loans than larger enterprises. Indeed, a survey of MSMEs that secured financing from digital lenders shows that 74% of them could not secure a loan from traditional lenders. That has created an over US$270 billion financing gap in …
Refer Elevate and Earn!
Do you know you can earn up to S$3,000 in cash for each business that uses Funding Societies’ Elevate card through your referral? To generate your referral link, simply put in your name, email address, and phone number here https://bit.ly/ElevateReferral_FS. Elevate is a Virtual Expense Card for businesses that is …
How to Use Elevate?
99% of Singapore’s 291,600 enterprises are Small and Medium Enterprises (SMEs), making them a huge pillar of the country’s economy. Despite contributing 71% of total employment amounting to 2.4 million jobs in 2021, and 44% of the country’s Gross Value Added amounting to S$213 billion, SMEs still face pertinent challenges …
The Basics about SME Loans for Business Startups in Singapore
Do you know that small and medium-sized enterprises (SMEs) account for nearly half of the total gross domestic product (GDP) in Southeast Asia? Local businesses have become the pillar of Singapore’s economy. Despite that, there is a staggering US$300 billion funding gap for SMEs in Southeast Asia. Loans for business …
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SME Working Capital Loan: What Is That and How Do You Apply for It?
Are you an entrepreneur who has recently started a business? Finding it difficult to access business loans from traditional financial institutions time and again? SME working capital loans offered by banks and financial institutions can help you. The process is fast, easy, and secure. So, how can working capital loans …
4 Online Business Ideas that Require Little or No Startup Capital
Nowadays, doing a business doesn’t require tons of money or a physical office space. There are plenty of home-based business ideas that you can build with little or even no capital required. This article will give you online business ideas to start without spending a lot on startup costs. Read …