https://finnex.com.sg/services/business-financing/government-backed-term-loan/sme-working-capital-loan/


How do you use an SME Working Capital Loan?

Success needs more than just having a plan, even more than just hard work and dedication.

Financial agility, accountability, and power are required in order to achieve such goals.

Complex business cash flow issues have a relatively simple solution: to get a business loan.

There are many benefits to tapping into this funding alternative.

Bridge Payment Delays – it can help bridging payment delays without incurring high costs.

Pay Your People – This can also be used to bridge pay gaps.

Stock Up – It can be used when rolling out a new product, going into a busy season, or purchasing in bulk.

Weather the storm - This can also help the company stay afloat when the business is slow.

Marketing and Advertising – It can also cover marketing and advertising expenses.

Learn more about SME working capital loans.

#SMEWorkingCapitalLoan​ #SMELoan​ #BusinessLoan​

SME Working Capital Loan initiated by EnterpriseSG is further enhanced as announced in the Supplementary Budget 2020 by our Deputy Prime Minister cum Finance Minister, Mr Heng Swee Keat.

This allows Small Medium Enterprises in Singapore to have access to their working capital needs even more so during this CoVid-19 outbreak through the participating Banks & Financial Institutions with a risk sharing factor of 80% with the Government.

Businesses and Companies can use the fund to boost daily operations such as hiring, managing new projects and many more.

Funding Overview
1. Loan Quantum: Up to S$1,000,000 of unsecured loans
2. Interest Rate as low as 3.50% p.a simple interest (effective interest 6.50% p.a)
3. Processing Fee: From S$0
4. Repayment Period: Up to 5 years.
5 Unique Features: There is no penalty charge for early repayment, subject to the Financier's Notice Period required.
6. Validity Period: Current till 31st March 2021

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Finnex, a Business & Finance Advisory firm in Singapore, has close to 20 years of collective experiences. Established to pursue the next evolution to finance advisory and consulting, we synergise businesses with our knowledge, experience and connections.

Being the consultancy that cares on providing the RIGHT solutions to SMEs, assisting countless business owners to turnaround their business and grow with them.

Our Business Finance Advisory business is supported by our network of at least 45 unique Financiers built over the years. Providing a debt financing service for the SME owners with up to 85% approval chances and 95% customer satisfactions.

Finnex’s Business & Profitability Enhancement Program (FBPEP), otherwise known as the “Business Doctor”, is designed by our CEO who was one of the award winners for ASME Entrepreneur of the Year Award (EYA) back in 2016.

The “Doctor” characteristics of this program allows our clients to fine-tune and gain better control over their business by Diagnosing, “Analyzing”, “Prescribing” & “Monitoring” on a yearly retainer basis.

Phone: +65 6970 1197
https://finnex.com.sg/​
enquiry@finnex.com.sg