BT Money Hacks Ep 104: Reducing SMEs' indebtedness and bankruptcy risk
Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips.
In this 104th episode of Money Hacks, correspondent Howie Lim speaks to Morgan Terigi, CEO and co-founder of Incomlend about how cash-strapped SMEs can access diversified sources of working capital, especially during these challenging times.
Highlights of the conversation:
1. SMEs' lack of access to working capital as Government support schemes ease (1:15)
2. Why SMEs should consider non-recourse financing options, though it's riskier for lenders (4:00)
3. Other alternative and suitable financing options for SMEs (7:26)
4. How ESG can be an accelerator for an SME's growth (11:27)
Produced by: Howie Lim, Ernest Luis and Lee Kim Siang
Edited by: Howie Lim
Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:
Apple Podcasts: http://bt.sg/oeXe
Google podcasts: http://bt.sg/oeGP
Feedback to: firstname.lastname@example.org
Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.
Discover more BT podcast series:
BT Mark To Market Podcast at: http://bt.sg/btmark2mkt
WealthBT Podcast at: http://bt.sg/btwealthbt
BT Podcasts at: http://bt.sg/podcasts
For more on personal finance, go to: http://bt.sg/moneyplaybook