SMEs are considered to be the life line of Singapore economy and accordingly government has declared several schemes and strategies to encourage young entrepreneurs for startups. In a bid to promote growth of SMEs and assist enterprises in meeting their requirements of additional funds, SME funding Singapore is possible. For SME funding Singapore, various financial institutions, banks and government are always there.
SMEs can opt for collateral based lending offered by banks and financial institutions using combination of asset-based, factoring based or contribution based financing. SME funding Singapore by way of information based or relationship lending, viability based financing apart from credit scoring can be utilized by entrepreneurs for startups for establishing their business venture.