Why Businesses Should Offer Credit Terms
The business landscape has grown increasingly competitive – sellers must offer credit terms to gain an advantage over suppliers that operate strictly on a cash basis. Eventhough many have raised concerns, extending credit can often be a win-win for both suppliers and retailers. Sellers that offer credit to customers allow for goods to be purchased […]
How Credit Terms Can Help Grow Your Business
Credit terms are an essential part of business trades. Along with funding, credit terms keep small businesses with limited capital going. Financing remains one of the biggest challenges SMEs in Malaysia face, which makes this matter more critical. But SMEs are not the only ones that benefit from credit terms. Large corporations also rely on […]
Challenges SMEs Face Getting Bank Loans
In the APAC region, SMEs are one of the biggest contributors to the economy. They account for 98% of enterprises and 50% of total employment. However, obtaining bank loans has always been a common setback SMEs face. Small businesses lack collateral and consistent cash flow to qualify for loans. And as they are new businesses, […]
Credit Terms Every SME in Malaysia Should Know
As a small business owner, it’s important to have an understanding of common credit terms in Malaysia. Credit terms are the agreement between a seller and buyer that details how much the buyer has to pay for a purchase and by when. In other words, credit terms are a contract that describes the specific requirements […]
SME Loan Schemes: How to Secure Financing with Better Documentation
Despite SME loan schemes and government incentives, many businesses still struggle to secure financial assistance. The pandemic is not helping matters either. Lenders are at their limit during an economic recession because when times are tough, borrowers start to delay payments and default on loans. Business loans are essential not only for companies starting out, […]
