Are you a firm or self-employed and need financing for your corporation?

If you need financing, you've got several options. You can opt to apply for financing from traditional entities, such as banks, or via alternative entities or platforms, such as crowdfunding or P2P platforms.

Let us begin with the more conventional options:

The sme go digital programme bank loan is the most used approach to acquire financing. However, we must bear in mind the fiscal solvency of your organization will be a guarantee to which the bank sme grants singapore provides a lot of value.

And when bank loans do not convince you, then you may always opt for other lines of financing without having to go through a financial institution. We'll explain what choices you have.

It is a system of financing by which tools are accessed massively through the Internet. In recent years has become a way of funding, so many startups have opted for this system to establish their jobs.

The best-known crowdfunding platform to that people usually hotel is Verkami, that has already surpassed the 4,400 jobs carried out since 2010.

Remember to consult the overall conditions of use and contracting, since if, in the end of the term to acquire financing, 100% of the objective has not been accumulated, in this situation there won't be some type of financial transaction and the contribution obligations of these patrons will be cancelled.

This really is only one of the most innovative options at the present time in alternative financing and the one most used by foreign exchange firms as a source of complementary financing.

It is a model that's presented as a substitute for banks, and is used by SMEs which do not have physical funds.

The process is performed through internet platforms that bring together firms seeking financing and interested investors. It is a quick way, as it eliminates the intermediaries and so reduces the associated costs.

P2P Loans

As stated in the article on How to find financing for your business without going via the bank, they are typically carried out through platforms which place lenders in contact with individuals who demand money.

Alternative sources of financing for your company

What is FinTech

FinTech is the end result of combining the use of technologies with financial services that were performed until now in a traditional manner.

For SMEs, fintech companies have turned into an alternate way to solve the absence of financing.

By way of example, they help companies that need to get financing more quickly and easily, as all management is done on line. This way, the related costs are reduced and SMEs are helped to keep on growing.