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, there …
FBPEP – Importance of Cashflow in Financial Management for your Business Read More »
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 …
Understanding the Key Differences & Utility between LC and SBLC Read More »
Based on the article from Business Times dated September 2018, start-up businesses will have a challenging feat in trying to obtain a loan when they are less than 3 years in operations. What is not mentioned there is that even if your business is more than 3 years in operations, you may not be eligible …
Alternative ways to get your business finance in Singapore Read More »
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 …
Import/Export Practices and Effective Uses of Letter of Credit Read More »
Trade finance in Singapore is the lubricant oiling the engines of SMEs as long as there is a supplier and a customer relationship. Trade financing in its simplest form is the activity where the exporter gets paid (or is guaranteed a payment) for the goods before shipping it to the importer. However, the importer …
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’ …
Key Reasons Why SMEs in Singapore Need Working Capital Loan Read More »
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. …
Ways SMEs Can Access Working Capital through Government-assisted Scheme Read More »
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 …
When it comes to choosing a place to start your business, Singapore is top of mind in Asia not only for its tax incentives but also for its world-class infrastructure and ease of doing business. Having said that, there are still risks involved in business no matter where you choose to set it up and …
How to Lower Risks When Starting a Business in Singapore Read More »
Not having enough capital is probably one of the major problems that keeps a business from growing simply because you are going to need more money in order to expand your operations. Fortunately, companies can secure an SME loan in Singapore, which is still one of the best options when it comes to getting the …
