Small and Medium Enterprises of Singapore: Things You Never Knew

As a top sme Singapore,  you have to be equipped with the right knowledge and tools to stay ahead of the competition.

Here are ten things you never knew about SMEs:

  1. The government offers a wide range of support schemes to help SMEs grow and succeed. These schemes include the SME Working Capital Loan, the Capability Development Grant, and the SPRING Startup Grant.
  2. Several financing options are available to SMEs, such as term loans, overdrafts, and invoice discounting. Financing is crucial for the growth of any business, so it’s important to find the right option that fits your needs.
  3. You can get help from the Singapore Business Federation (SBF) to expand your business into new markets. SBF has a wealth of knowledge and resources that can assist you in establishing or developing your business overseas.
  4. The SME Financing Facilitation Office (SME FFO) is a one-stop information center for financial assistance programs. The office was set up to help businesses navigate the various schemes and grants, so you can focus on more important things than chasing after funding opportunities.

In conclusion, SMEs have a lot to offer Singapore’s economy. If you’re interested in starting or growing your business, the government has all sorts of funding and support schemes that can help get you started on the right foot.

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