Many companies might find themselves facing financial difficulties due to the Covid-19 pandemic. But do you know that there are many government schemes to financially support local businesses, especially Small and Medium Enterprises (SMEs)? If you are a business owner, here is what you need to know to make the most out of your Covid-19 […]
The pandemic has severely impacted Singapore’s economy and affected many companies, especially Small and Medium Enterprises (SMEs). To support local firms, the government has rolled out several schemes for businesses. If you are reading this article, chances are that you applied for the Temporary Bridging Loan Programme (TBLP). In this article, we provide several options […]
The COVID-19 pandemic has caused economies worldwide to fall into a recession. With domestic-oriented sectors severely affected, Singapore’s economy is expected to take longer to recover than from past recessions. As of 30 October 2020, more than 20,000 people have been retrenched. In September 2020, our unemployment rate rose to 3.6%. Businesses have been struggling […]
It has been a year since the pandemic started, yet many firms are still reeling from its impact. Over 5,000 firms have borrowed about S$4.5 billion from government-assisted schemes to meet short-term costs, like rent, salaries, and contingencies. The Singapore government has rolled out several initiatives to support firms, including the Temporary Bridging Loan Programme […]
Many businesses have been affected by COVID-19. Over 27,000 business entities have shut down from March to November 2020, as the pandemic continues to put a severe strain on the Singapore economy. However, the government has put forth a slew of programmes and schemes to support businesses during this period. In this article, we summarise […]
When your business is going through a challenging period and overdue suppliers’ bills and staff salaries need to be paid, waiting is not an option. Getting a business bridging loan in Singapore is one solution that can help to ease cash flow issues. Much like a bridge loan for buying a home, a bridging loan […]
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