As a business owner, it's not uncommon to require additional funds to grow your business, cover unexpected expenses, or finance new ventures. In such situations, a business term loan can be a valuable resource. In this article, we'll take a closer look at what a business term loan is, how it works, and its benefits. [...]
Do you have any needs at the moment? Are you thinking of getting a loan? Then you should consider planning the amount of cash that you need and for what purposes. Do you need to pay fees? Do you want to pay rent? Do you want to pay for the hospital bill? Do you have [...]
SME Micro Loan is a business loan aimed at financing daily operations and other cash-flow needs. In Singapore, there is a Government-backed program for SME Micro Loan referred to as Market Readiness Assistance (MRA) What is MRA? Market Readiness Assistance (MRA) is a Government grant that supports Singapore's SMEs (Small and Medium Enterprises) to expand [...]
Getting a small business loan is easy when you are prepared. Five main steps are required: (1) Build your credit score, (2) choose a lender, (3) gather your financial and legal documents, (4) prepare a business plan and (5) get assessed by your chosen moneylender. What Are Small Business Loans? Small business loans can do [...]
It sounds completely counter intuitive to say it, but yet it is good for a company to have debt. Regardless of whether the company is a multi-national conglomerate or a local start-up, having a certain level of debt is a good indication of future growth prospects. Why is this so? To understand the seldom talked [...]
Singapore has a well-structured guide for borrowing money from Singapore licensed moneylenders. As a Singapore licensed moneylender, we understand that many large and small businesses are often faced with financial difficulties that hinder cash flow and weaken working capital. Timely access to the right kind of business loans can salvage these financial difficulties and move [...]
Many small businesses fall before they reach growth and maturity. Why does this happen? Your guess is as good as mine! Financial challenges. Most businesses whether big or small, require some financing at some point. It may be at the introduction stage, during growth, maturity or Decline, to either finance acquisition of equipment, supplies, lease [...]
