Many of you may have seen our Elevate brand campaign video and targeted advertisements going around on social media. Elevate is Funding Societies’ virtual business solution, consisting of a virtual card and credit line for small businesses to get more working capital and quickly unlock a myriad of business opportunities. …
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 …
Introducing Elevate, Virtual Card to Answer SME Growing Digital Payment Needs (2023 Update)
The digital economy is rapidly growing in Southeast Asia, with more and more businesses turning to the internet for their payment needs. This presents a unique opportunity for small and medium-sized enterprises (SMEs) to capitalise on the growth of the digital economy, but also a challenge for them as they …
What is a Business Term Loan?
Many SMEs face difficult day to day challenges that stem from short term cash flow problems. These cash flow problems cause a rippling effect which not only hinder daily operations, but may also impede the long term growth of the company. A study in 2021 by Mastercard indicates that financing …
Trade Financing: Gearing up SMEs for business growth in 2021
Trade finance has been increasing in popularity as a tool to smoothen out financial demands and drive business growth for Small Medium Enterprises in Singapore. This article will give a brief background of what Trade Finance means, its benefits, as well as the four key types of trade finances in …
Understanding Supply Chain Financing for SMEs in Singapore
Understanding Supply Chain Financing for SMEs in Singapore Supply chain ecosystems are like arteries of today’s globalised economy, allowing international trade flows. As world trade gets more and more complicated, competitive, and deglobalised, supply chain financing has evolved along to address the demands of buyers and suppliers. This article explains …