Now we will go thru the options SME owners have to finance their businesses. Businesses can either fund themselves through a variety of options, including equity or debt, with the latter being a more common practice. Do I finance my company via Equity or Debt? Firstly, let’s define debt financing. …
6 Factors to Consider When Applying for Business Loans | The Definitive SME Business Financing Guide 2018
1. Specify the purpose of the funds It is important to identify the specific expense the loan is expected to cover. Besides covering business expenses, the funds can be used for new projects, such as business expansion, asset building and cash flow maintenance. 2. Determine the amount you require With …
Evaluating your need for Business Financing | The Definitive SME Business Financing Guide 2018
In the previous section of this guide, we discussed the expenses and potential revenue issues. In this section of our guide, we discuss the possible reasons why you may business financing and how to evaluate your need for financing. Business expansion After growing your business for several months, you see …
Understanding your Business Revenue and Expenses | The Definitive SME Business Financing Guide 2018
Having proper accounting will enable you to check the health of your business. Hiring an accountant and adopting proper accounting software will ensure that you properly track your revenue streams as well as expenditure. Business revenue Let’s start with revenue. Typically, businesses have a core revenue stream. By accurately measuring …
An Overview of SME Financing in Singapore | The Definitive SME Business Financing Guide 2018
If you are an SME owner, there is a high chance you would have encountered finance-related issues when running your business at some point in time. In this detailed guide, we will go in-depth to understand the SME financing landscape in Singapore and the challenges involved in business financing. Our …
A Guide to Financing Your Manufacturing Business
If you are looking to set up your own manufacturing facility in Singapore, there should be some factors for you to consider as it can be a challenging task for any entrepreneur. Your profit and loss figures identify your sales, expenses and the resulting profit or loss. This information is …
7 Expenses Restaurant Owners Can Expect to Face
Whether you’re an experienced restaurant owner dreaming of Michelin stars or an aspiring café owner looking to open your own café, financing your F&B business can be extremely challenging in Singapore. How much does it cost to start a restaurant business in Singapore? A restaurant business can be expected to …
How to Manage Your Working Capital During Peak Season
How do you manage your working capital if your business is impacted by seasons? If you manage a seasonal business, you would concur that peak seasons can be quite overwhelming due to the sheer amount of work that is required. However, if you are able to plan and anticipate for …
Debt vs Equity Crowdfunding
Let’s say you’re a small business. You’re doing great, you’re turning a profit, but the bank just won’t give you the loan you need to expand the business. Does this sound like you? Well, the good news is that there are two alternative finance routes you can go down – …
Why Businesses Should Not Be Reluctant to Talk About Debt
In many cultures across Southeast Asia, it is common for debt to be thought of as a taboo. A common assumption made is that only people who spend irresponsibly take on debt. Traditional businesses owners, similarly strive for a debt-free business. However, there are many reasons why taking on loans …