With the economy in an unpredictable flux, it can be tricky navigating through these uncertain times as a business owner. Certain business decisions incur expenses that can put you in need of immediate cash. While a business loan might seem like a solution, the terms and conditions may not always meet your business needs. In […]
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 […]
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 […]
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