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Many business, no matter how small, have the potential to grow. Sure, it takes hard work, careful planning, and confidence.

It also means having financial backing. Which can be difficult, especially if you are small.

But there is a way: the Local Enterprise Finance Scheme from the Standards, Productivity & Innovation Board (SPRING Singapore).

The Scheme provides loans totalling $8 million to purchase fixed assets such as factories, computers and machines. You can even factor your exports.

All this at rate comparable to those enjoyed by large companies.

There is also a special Interest Rate of 3.5% for sophisticated machinery and equipment to automate production and increase productivity.

Since 1976, more than $2.2 billion in loans were made to some 3,000 local manufacturing, services and commercial firms. Averaging over $300 million a year in the last few years.

This has enabled many local enterprises to become multi-million dollar business; a few have even gone global.

To realise your full potential, just call Indian Bank,Singapore now for more details and an application form.


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