Securing enough sources of funds is no doubt crucial for any business startups. Many businesses fail because they are unable to resolve financing issues, and many flourish because they are able to secure funding and focus on their businesses.

Let's first look at the various sources of business financing. You may wish to decide whether to apply for a loan or seek equity funds to finance your business. There are also government schemes to assist you with seeds funding, working capital loans, machinery term loans and more.

1) Loans & Equity

a) LOANS (using assets to secure)

The loan is the most common source of financing for businesses to fund daily operations costs or buy fixed assets. More details on loans.

b) EQUITY (without assets)

If you do not have any assets to secure a loan, an equity may be an alternative source to finance your business. More details on equities.

2) Government Assistance Schemes

Enterprise Investment Incentive Scheme (EII)

SPRING SEEDS

For technology startups:

Enterprise Investment Incentive (Technopreneur) Scheme

Startup Enterprise Development Scheme (SEEDS)