Maintaining positive cash flow is a challenge for many businesses, especially SMEs. While invoice financing happens to be a great loan option for SMEs, the concept is still unknown to many. Invoice financing is a funding method that allows businesses to essentially trade their unpaid invoices for a quick loan that …
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 …
5 Signs You Should Invest in Business Productivity
Most business owners would agree that business productivity bridges the gap between investment and return. Business productivity tools enable business owners to do things better so that their business can produce more, create more and deliver more at lesser the time and cost. As a business owner, investing in business …
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 …