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 …
My Greatest Takeaways From the 12-week Internship at Funding Societies
Shin Yiseul, our very first intern at Funding Societies, shares her greatest takeaways from her 12-week internship with us: Everyone dreams of finding a job they love. Like many other undergraduates, I spent several summer breaks in various internships, letting each experience guide me in discovering my passion. This phase …
Funding Societies Adopts International Code of Conduct for Self-regulation
With innovative financing methods such as digital lending on the rise, it is essential to do so with responsible practices. This is why, Funding Societies is proud to join other world-class digital lenders such as Funding Circle and Lending Club as a signatory of the Small Business Borrowers’ Bill of …
3 Reasons Why Peer-To-Peer Lending Should Be In Your Portfolio
Peer-to-Peer (P2P) lending is a fixed-income instrument. The concept of how it works is that individuals lend money to Small & Medium Enterprises (SMEs). It is somewhat like crowdfunding, where people pool money to give it to a company that they want to support. However for P2P lending, they lend …
Top 7 New Year Resolutions for 2016
As we make our way into the second weekend of 2016, reflections of 2015 occurred among us with a resolve to excel further. What do we want to aim for this year, what have we learned in the past? In our typical crowdsourcing fashion, our team at Funding Societies collated …
The Most Overlooked Principle of Investment in a Weak Economy
In my years as a consultant, I have advised and been mentored by many brilliant individuals including the CEO of major corporations and household names. Risk / return ratio was always the centerpiece of major decisions. While regulators and financial institutions are taking up more responsibility in the post-crisis world with Dodd-Frank and …
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 …