Blog on Financing Resources for SME Owners

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Running a SME in Singapore is challenging. High rental costs, tight manpower market and no easy access to bank financing are some of the pertinent challenges most SME owners face when trying to scale their operations.

Singapore’s GDP growth for 2019 was a mere 0.7%, the slowest for the …

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Enterprise Financing Scheme (EFS)

What is the Enterprise Financing Scheme (EFS)

The Enterprise Financing Scheme (EFS) is a scheme administered by Enterprise Singapore (ES), a statutory board under the Ministry of Trade and Industry. ES was formed after a merger of Spring Singapore and IE Singapore. 

The Enterprise Financing Scheme consists of 6 separate

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To expand a business, the owner has to (willingly or unwillingly) make credit sales to allow customers pay at later stage after delivery of goods/services. Typical business credit terms is 30 days or less commonly 60 days (or more).

Extending sales credit terms to local customers is quite the …

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Maybank RSME Business Loan

* Image copyright and trademark attributed to Maybank

Are you looking for a Maybank SME business loan? Considering whether if it’s worth to take up a business loan from Maybank? Here’s our review of Maybank’s SME loan to help you make an informed decision.

Aside from Maybank, you can also

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The success or failure of a company, putting aside the random factor of luck, is at least 70% attributed to the founder.

Many management books and business case studies have discussed about the importance of the founder in the success of a company. Some of the most successful companies …

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