Category : SME

Dec 19, 2016

From Brexit to APEC, Globalization and FinTech as the Future of Inclusion

Despite the retaliation towards globalization, it is more prudent to address its negative effects. The Straits Times quoted Singapore Prime Minister Lee Hsien Loong during APEC 2016. He said the key to moving forward is to “focus on supporting small businesses, digital trade, and services.” That way, the advantages of globalization will be spread more evenly and to more people. The answer is to put emphasis on financial inclusion – rather than a hindrance, globalization should be a catalyst for greater inclusivity, especially for SMEs. In tandem with proposed government efforts, the rise of FinTech platforms can also support financial inclusion.

Nov 04, 2016

How P2P (Peer-to-peer) Financing Can Help Malaysian SMEs

Compared to bank loans, P2P financing (similar to business loans or working capital loans) provides competitive interest rates and requires no collateral. P2P financing is an ideal short-term credit solution for working capital needs, strengthening of business cash flows, expanding business operations, financing newly secured projects, equipment purchases and meeting operating expenses.

Nov 02, 2016

Funding Gap: SMEs in Malaysia

According to a Deloitte study analyzing SME access to financing, there is still a large segment of underserved and unbanked businesses in Southeast Asia. Malaysia, in particular, faces this very predicament: 38% of Malaysian SMEs are unserved or underserved by banks and financial institutions.

Oct 21, 2016

SME of the month for October 2016: NSP Tech Pte Ltd

We have always known that SMEs are the economic backbone of a nation. In our first spotlight, we concentrate on NSP Tech, a medical device manufacturer with a diverse client base, they even support large foreign-owned MNCs. NSP Tech’s most famous innovation is the Safeticet, a lancet so painless and small that patients no longer fear having to prick themselves several times a day.

Aug 29, 2016

How Invoice Financing Can Help Business Owners

Utilised wisely, invoice financing can be a fantastic tool for business owners. The process of getting upfront cash through invoice financing is significantly quicker than applying for a loan from a traditional financial institution. This is especially useful for business owners who need a quick cash flow fix.

Jul 14, 2016

How SMEs are Evaluated for Financing Suitability

So now you have chosen your favorite loan option. You know you are eligible for it. You have turned in all the necessary documents. What happens now? Specifically: how do financial institutions judge you to be worthy of a loan?

Jul 13, 2016

The SME Guide to Business Financing

As an opener to our “Business Financing” series, we will start with ”The SME Guide to Business Financing”: helpful notes on the financial options available for SMEs. We will continue with a variety of articles meant to aid you in funding your SME. Throughout the month, we will also talk about how SMEs are evaluated for financing suitability and how to increase your chance of approval, the pros and cons of banks vs financial institutions vs crowdfunding, the different crowdfunding options available to help grow your business, and finally, choosing the right crowdfunding product.

May 25, 2016

The Best and Worst Advice Business Owners Have Heard About Crowdfunding

Transparency is key to any successful campaign. Keep your audience up-to-date on any new developments, good or bad. Being vague fosters dissatisfied or worse, angry investors. Digital media can be a double-edged sword and you can bet unhappy customers will air their grievances on social media. This hurts your image, your campaign, and your reputation.

Mar 15, 2016

Financing difficulties faced by SMEs today

Here’s a stark truth about being a Small and Medium Enterprise (SME) in Singapore: it is difficult to attain financing for your business needs. With SMEs forming the backbone of Singapore’s economy (99% of Singapore’s enterprises are SMEs while 70% of the workforce is employed by SMEs), it is reasonable for one to expect for SMEs to have easy access to financing options. Yet, despite Singapore’s Government utilising various means and ways to help SMEs grow, it is clear that SMEs face significant difficulties in securing financial aid.

Nov 30, 2015

Are Singapore SMEs merely keeping up or are they scaling up?

53% of the businesses surveyed reported hitting a plateau in growth or even experiencing negative growth. Out of a total of almost 2800 companies surveyed, more than half are not growing as they should. This is worrying because it is the highest percentage of no growth in recent history. What are the main reasons?

November 02, 2016    Funding Gap: SMEs in Malaysia
July 01, 2016    Insuring Your Future

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