In the old days, lenders could only use physical records to determine a company's repayment capacity. However, in the digital age, running your company's social media accounts with perseverance and personality will help your brand obtain business loans as smoothly as possible. After reading this blog, you will learn how to optimise some Key Performance Indicators (KPIs) that lenders specifically look at, so that you will have a higher chance of getting your firm's credit application approved.
When SMEs in Singapore are in need of funding to overcome unexpected challenges resulting from the COVID-19 pandemic, loans offered by the government might be their best go-to options as the interest rates are relatively low, with a high chance of approval. The Enterprise Financing Scheme (EFS) has been further streamlined in the Singapore Budget 2020 to allow SMEs to have a higher chance of accessing lines of credit from financial institutions to deal with current’s fund-related challenges. Want to know more about the government-assisted loans? Please read on.
Most companies require funding to aid or grow their businesses. If you do not have deep pockets to get the enterprises off the ground, there are various places to get additional funding. In this article, we are examining where to look for loan money, which type might be right for you, as well as some best tips you shall know before making any borrowing decisions.
As the coronavirus outbreak has brought Singapore to a one-month partial lockdown, many businesses are facing cancelled projects, delayed payments and a nosedive in revenue. Small and medium enterprises (SMEs) are bearing more severe burns because of the small size and the lack of resources. In this article, we offer some suggestions on how to keep your business going at this difficult time.
2020 would be an important year for Singapore: the Sino-American trade war, extreme weather conditions, global pandemic and various factors brought both opportunities and crises to local businesses. To kick off a wonderful start of the decade, your business needs an effective development plan to defend the possibly looming tides and to equip for upcoming opportunities. Don’t worry if you are yet to have any concrete plans in hand.
The online world is so diverse that businesses of any scale can find their way of survival and grow. Sadly, such cyber power has not cast much impact on the way loan approvals for small business loans works.
Brand promotion is all about two things: what do you think of yourself, and what your clients think about you. While it is true that you can gradually build up trust with your target audience through advertisements, it might not achieve the same effect if you want to impress them at first sight. So, how can we do this?
