2020 hasn’t been kind to many businesses. With the outbreak of COVID-19, food and beverage (F&B) businesses in Singapore have taken a significant hit, facing over 50% – 80% drop in revenue with more than 500 eateries closing down. Well-known restaurants such as The Chophouse and The Starker Group have made the painful decision to […]
Being cash-strapped is not a great feeling. Running a business and managing operational expenses and monthly overheads can get stressful. Thus, having a good cash flow is essential to ensure that your business stays afloat and prospers. But how do you ensure a good cash flow when your business relies heavily on invoice payments? Outstanding […]
There’s no denying loans are important for a lot of businesses that want to fill financial gaps and manage their finances. However, understanding the different types of loans available can be overwhelming. Two common types of loans are revolving credit facilities and non-revolving credit facilities, and they differ in several ways. In this article, we’ll […]
You might have an impending need for extra working capital in your business. As you research possible sources for a loan, you might have come across the services of an SME loan broker in Singapore. But what exactly is an SME loan broker? How can such a broker fit into your plan of getting a […]
Singapore has one of the most expensive car prices in the world, which comes as no surprise. And when you add up all the different costs like COE, owning a car in Singapore sums up to quite a substantial amount. However, the high cost should not be an obstacle to owning a car in Singapore […]
Gone are the days when banks are the default go-to place in getting a business loan in Singapore. Small and medium-sized enterprises (SMEs) these days have various options ranging from banks to private financial institutions that offer different types of business loans. As your business grows, it would most likely need more financing to expand […]
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