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Providing you with the latest updates on working capital loans and how it can help your business grow exponentially.
Since its introduction as part of the Solidarity Budget 2020 on 6 April 2020 to combat the economic disruption brought by Covid-19, the temporary bridging loan Programme (TPLP) has continued to receive an onslaught of new applications from Singapore local SMEs. Not withstanding that the pandemic has forced many businesses to seek for financial support, …
Why the Temporary Bridging Loan is the best loan for SMEs Read More »
Ride Hailing Network Disintermediation It’s easy to think of Grab as the revolutionary Company that disintermediated the ride-hailing taxi network. But is that really all Grab inspires to be? When co-founders Anthony and Hooi Ling got together, they tackled the transportation industry first, amidst harsh criticism from the mainstream taxi companies. In fact, when they …
Earlier this year, we discussed that up to $490 million in loans were disbursed to loans and that taking a loan would be in any business’ favourable interest due to the low-interest rates. From this article, DBS alone “has approved about 9,500 collateral-free loans totalling over $3 billion to small and micro-enterprises. This is within …
The loans are here to help firms tide over the Covid-19 Crisis. Over 1,200 companies have successfully taken government assisted loans, amounting to loans more than $490 million under the Enhanced Enterprise Financing Scheme – namely the SME Working Capital Loan and Temporary Bridging Loan Programme. The figures are encouraging, but is not wholly representative …
With the transition of Phase 1, many businesses have started partially resuming their operations, and many more and scheduled to open in Phase 2. However, it is clear that balance sheets among companies have taken a significant hit. The forced closure during the circuit breaker has made it such that businesses were basically bleeding throughout …
$10 billion in loans issued amid tough times ahead Read More »
Amidst the ongoing downward pressures of the economy, MAS has since released their latest take on loan applications. In a move to tide SMEs over the troubling period, MAS will offer near zero interest rate loans to eligible banks. What this means for you That’s great! Zero interest rate loans to the banks. But how …