With global monetary conditions tightening, small- and medium-sized enterprises (SMEs) operating in Singapore may encounter greater challenges when seeking traditional bank loans. This is especially true for newly established SMEs with limited or no credit history, as meeting the eligibility requirements for bank loans can prove more difficult, leading to extended approval processes.

To mitigate cash flow constrains and broaden their access to essential funds to expand their operations, SMEs owners can seek for brokerage help. With the wide network of partnership a brokerage has with different banks and funders, a brokerage is able to help SMEs owners bridge the gap and secure the necessary financing needed.

Despite the high criteria set by local banks to new SMEs, our partners will be able to customise flexible solutions by understanding SMEs owners business models and the requirement needed to grow. One problem that SMEs owner faced is maintaining a balance between prompts payment from customers so that they could meet the obligation to suppliers to buy new inventory.

When customer delay the payment to SMEs, SMEs are compelled to dip into their available cash flow which usually is used to pay off their overheads such as rentals and salaries, in order to fulfilled the obligations to their suppliers payments. This eventually creates a cashflow issue when the input is less than the output.

To fixed this issue, Beez Rev has partner up with funders that will be able to extend credits to SMEs suppliers. This will help to alleviates the burden of handling overdue payments from customers. With our funders offering up to $500,000 credit limit, SMEs is able to make purchase orders from suppliers and our funders will pay the supplier invoices often within a span of 3 days  and the SMEs owners has up to 90 days to reimbursed back to the funder.

This way, SMEs can unlock additional cash for their business while adhering to the timeline given by their suppliers and nurture a close relationship with suppliers while enhancing their future bargaining power in future transactions.