Most of us could rattle on unflinchingly on the credit cards we have but would probably get tongue-tied if asked about each card’s credit limit. Perhaps this is a slippery slope for some as not knowing the credit limit could potentially sink one into debts. Are you aware of your credit limit? And do you […]
Running a small or medium-sized business (SME) is tough – especially in those early years when you’re spending a lot to get things going. It’s easy to think “If we make a lot of sales, we’ll be doing great!” But cash flow is a whole different beast. Think of cash flow like your business’s bank […]
You have gone through your fair share of ups and downs in your business, and you are now ready to take a business loan — for whatever reason that may be: to manage your cash flow, purchase equipment, or to boost the growth of your SME further. If you are thinking of getting a business […]
Bankruptcy is thought to be a very negative and taboo word in Singapore. After all, the word is associated with failure and financial ruin, with society often seeing bankrupt individuals or companies in a different light. To make things worse, those facing bankruptcy in Singapore can face a whole new set of challenges from their […]
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 […]
Whether you’re a business owner in the automobile dealer industry or looking to start up your own auto dealership, you’d probably know how expensive inventory for automobiles is. Businesses that have to deal with such huge purchases usually take up business loans in Singapore to manage their inventory and showroom. For a business owner in […]