Category Archives: Finance

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New Surf Taxi App

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Just got told about a cool new app called Surf Taxi, it is an app that can be used to hail taxis, it works much like Uber except it is meant to be cheaper at peak volume times when Uber is too expensive.  While Uber has been good for me, there was one time at the Staples center that it quoted $200 to get me back to my hotel after a Lakers game. This app gives you the ability to hail a taxi ride through your smart phone and track its progress. It also gives tradidional taxi companies a way to compete with the silicon valley startups like Uber.

Check out the Surf Taxi App


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5 Ways How Singapore Business Owners Can Capitalize on the Micro Loan

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5 Ways How Singapore Business Owners Can Capitalize on the Micro Loan

The micro loan program initiated by Spring Singapore allows eligible Singapore companies to obtain a loan of up to S$100,000 to help with the following:

Daily operations

Working capital usage

Expansion plans and to increase productivity and profitability of the business.

This program will benefit your company with features such as a no lock-in period, low processing fees and reasonable tenure which gives startup businesses and/or SMEs a good kick start!

If ever your business is planning to apply for a micro loan, or you have already acquired a micro loan and you do not know how to use it to achieve optimum benefits, here are five key ways how you can and should capitalize on the micro loan to maximize the profitability of your business and customer satisfaction.

1. Hiring higher skilled workers and employees

A business owner may experience challenges such as lacking adequate funds to hire workers and employees with the right skills sets. With a micro loan, one may hire more qualified employees and thus, spend lesser time to train them. One may also be able to send them to courses conducted by qualified consultants instead of doing in house training. This will help to lighten the workload of the business owner and help employees to maximize their full potential.

2. Purchasing inventories or equipment

Different business organizations require different supplies depending on their nature. For instance, if you are in a processing or manufacturing business, you will definitely need adequate stock of raw materials for your business to remain operational.

Due to technological advancements, many businesses are also now turning to automation or using technology to streamline processes. With a micro loan, one can improve business operations and minimize time wastage. This also allows a business to stay ahead of competition.

3. Expanding your business

Business owners in Singapore can use the micro loan to expand their business and increase their profit margin. Instead of spending a large amount of time waiting for your trade debtors to pay you back, you can tap on the micro loan to bridge your cash flow gap and expand your business from there. Purchasing more machinery, fixtures and increasing your marketing budget can be one of those aspects you can look at with the micro loan.

4. Covering business expenses during lull period

Every business has its ups and downs and this makes it challenging for business owners to sustain their businesses during the slower months. This is a common issue in all types of businesses and the micro loan can be tapped on to help you sustain your business during such periods. A micro loan can serve as a working capital loan, covering business expenses that cannot be postponed such as electricity bills, rental and other expenses involving day-to-day running of the business. 

5. Funding extra
costs incurred during the busy season

You may require more funds to cover extra costs incurred during the busy seasons. Many business owners in Singapore have challenges paying for extra costs especially when customers are not paying promptly despite given a credit term. A micro loan can be an effective source of additional funds to cover extra expenses and purchases during peak seasons. By doing so, you can take advantage of a market opportunities.

It is evident that business owners in Singapore can benefit greatly from micro loans and grow their businesses. With no locked in period, it is highly beneficial to business owners during repayment without extra penalty charges. More importantly, business owners should note that micro loans cannot be used to finance long-term investments such as buying real estate since they have a short paying duration. Generally, a micro loan ia a reliable source of finance for business owners in Singapore who want to grow the profitability of their businesses.

Capitalize is a corporate loans specialist firm that helps Small Medium Enterprises (SMEs) and individuals to seek, source and obtain capital from across our established network of up to 30 banks, financial institutions, funding houses and alternative platforms. We are always committed to provide our clients with the most suitable loans according to their needs, from the lowest interest rates possible and at the quantum they require.


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