Starting a business is not easy. You will need a lot of money to cover startup costs in Singapore, and it takes time to find funding or working capital loan for your business. It is estimated that the average start-up requires $600,000.
If you don’t have enough money to start your own business, there are ways to borrow money from friends and family or even take up a business loan from financial institutions such as Synergy Credit. Other ways include crowdfunding and even leveraging on your credit card!
Let’s break down the costs of starting a business in Singapore:
Starting a business in Singapore is not easy. You will need to consider a lot of things before you can start your business. You can consider taking a working capital loan with Synergy Credit to help you get started on your business.