Finnex Singapore

Kei Chia

FBPEP – Importance of Cashflow in Financial Management for your Business

Importance of Cashflow in Financial Management for your Business For an SME, cash flow is important for the business. To give you an idea, cash flow is as important to a business as is blood flow within the human body. Cash is important for working capital because it generates operating income and profits. Without liquidity, …

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Understanding the Key Differences & Utility between LC and SBLC

Earlier in our article on Trade Finance, we have mentioned the different types of letter of credit. Here, you will get to understand them deeper and the differences and key usage of between LC and SBLC. Both the regular letter of credit (LC) and standby letter of credit (SBLC) are payment instruments used in international …

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Import/Export Practices and Effective Uses of Letter of Credit

Given Singapore’s market dominance in the import/export trade, it has well-defined import/export procedures in place. Detailed below is an overview of the various aspects of trading in Singapore including opening a customs account, applying for licenses and permits, types of goods that can be imported/exported, taxes and fees, trade financing options, cargo clearance procedures, goods …

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Key Reasons Why SMEs in Singapore Need Working Capital Loan

Before going deep into why businesses will need a SME Working Capital Loan. Understanding what is a working capital loan? A working capital loan is a loan that is set to for financing the daily operations of a company. This can be used to cover for the product development, rental, accounts payable, and the employees’ …

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Ways SMEs Can Access Working Capital through Government-assisted Scheme

Running an SME in Singapore is challenging. High rental costs, tight manpower market and no easy access to bank financing are some of the pertinent challenges most SME owners face when trying to scale their operations. The only viable option to help Singaporean SME businesses is through the help of the SME working capital loan. …

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What are the business consultancy services?

Most business consultancy firms will always try NOT to reference the word “problem”, but instead, use the word “opportunities” to connote a positive or enhance value. You can ask any consultant what they do and they will likely answer you with, “I am in the solutions business.” Despite the negativity that associates with business consultants, they …

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