The enterprise sectors eligible for BEF must be expertise-primarily based and are concerned in one of many Priority Technology Clusters identified by MOSTI, which are biotechnology, green know-how, oil and fuel, electrical and electronics, data and communications technology, nanotechnology and meals know-how.
With a brief-term small business mortgage , you’re lent a set amount upfront, which you shortly pay back (along with fees) over a short time frame, sometimes three-18 months. Asset-Pledge Mortgage offers a versatile answer which accepts varied collaterals and affords a mortgage of up to a hundred% of the market worth of the pledged property.
Business expansion can pose issues for firms that aren’t prepared for the challenges of progress. You can adapt it in your corporation too, and roll up your products with a brand new market combine technique to convince the new focused viewers. Similarly, small companies can submit videos of happy customers on YouTube and Periscope, tag them with searchable key phrases and link the movies to their business websites.
With a traditional-term business mortgage, you’re lent a set quantity upfront, which you pay again (together with interest and charges) over a set time frame. They’re the costliest product on the market, so you might want to examine an MCA with one thing like a short-time period mortgage.