Raising working capital is a challenge and many businesses have dealt with loan rejections, so congratulations on getting your business loan approved! Your newly acquired funds will no doubt help you reach your business goals. The loan application process may have ended, but this is just the beginning of your …
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5 Steps to Optimize Your Chance for SME Financing Approval
SMEs need sufficient working capital for business development. However, gaining more capital is not never easy, especially if you were thinking of applying for a loan. The best advice we can give is “prepare well.” Here are some steps that will help boost your chance for SME financing approval. Build …
The SME Funding Gap in Southeast Asia
Small and medium-sized enterprises (SMEs) in the Southeast Asia region still have difficulty gaining access to financing. Even though SMEs play a critical role in the economy of nearly all ASEAN countries, they still struggle to get capital loans from traditional financial institutions and banks. The lack of credit facility …
8 Things to Ask Yourself Before Applying for a Business Loan
Securing funding is never easy – especially if you are an SME or small business owner. Ask yourself these questions before you prepare your loan application to maximise your chances of loan approval: 1. Why do I need a business loan? Every business loan consideration should start with this question …
The SME Guide to Business Financing
If you are part of a Singapore SME, it can be difficult to get funding for your business. According to this Business Times article, four in 10 Singapore SMEs lack support from financial institutions. While certain banks are recently looking to grow their SME lending, financial support for Singapore SMEs …
Are you ready for a business loan?
At some point in your life as a business owner, you will inevitably consider a loan. Whether it is to fund a high-ticket project or to restructure your debts, or simply to tide you through a low-income period, loans can be helpful if you know how to use them. The …