Crowdfunding for Small Businesses or Start-ups

Posted by Oscar Rosario on January 23rd, 2017

Start-up entrepreneurs are now considering crowdfunding as a reasonable option and an attractive alternative to traditional bank funding. Crowdfunding is known as the use of small amounts of capital from a large number of individuals to finance a new business venture.

One reason why many entrepreneurs have resorted to crowdfunding is because they believe that it is difficult for start-ups to qualify for traditional banking loans. This could be true for most banks, but there are banks in Singapore that are highly supportive of the business initiatives of local entrepreneurs. Consequently, these banks offer small business loans that aretailored to the financing needs and capabilities of an SME. 

SME loans from such banks not only require no collateral, but they also provide utmost flexibility in terms of the loan tenure, loan amount, and repayment scheme. Such conditions spare business owners the burden associated with traditional banking loans. The best SME loans in Singapore also come with a number of helpful benefits, which include a decreasing term insurance, and complimentary business credit cards.

If you are an entrepreneur of a start-up business, or the owner of a high-growth, innovative SME in need of expansion, let one of the leading banks in Singapore be your top choice for your financing initiatives.