N@N

A guide to financing options for SMEs

The article from MSN Money outlines various financing options available for Small and Medium Enterprises (SMEs) in the Philippines. It discusses traditional bank loans, which are often the first choice but come with stringent requirements like collateral and a good credit history. For those who might not qualify for bank loans, the article suggests alternatives like government-backed loans from institutions like the Small Business Corporation (SBCorp) and the Development Bank of the Philippines (DBP), which offer more lenient terms. Additionally, it covers non-bank financing options such as peer-to-peer lending platforms, which provide quicker access to funds with less paperwork, and invoice financing, where businesses can borrow against their invoices. The piece also touches on equity financing, where business owners can give up a share of their company in exchange for capital, and crowdfunding, which leverages the internet to raise small amounts of money from a large number of people. Each option has its pros and cons, tailored to different business needs, stages of growth, and risk profiles.

Read the Full MSN Article at:
[ https://www.msn.com/en-ph/money/general/a-guide-to-financing-options-for-smes/ar-BB1reAhX ]