We’ve probably heard many reports of how important it is to recycle our plastic bottles, newspapers, glass bottles, etc. However, there’s another kind of waste that often gets overlooked: Electronic Waste (E-waste).
E-waste refers to electronic waste such as your computers, laptops, cables, mobile phones and TVs.
Throwing electronics such as TVs, laptops, or phones is harmful to the environment because they contain cadmium and lead. Singapore produces 60,000 tonnes of e-waste annually, and experts claim this figure is on an upwards trend.
Thankfully, e-waste recycling businesses like yours ensure Singapore’s green, sustainable future. Your company can properly dispose of this e-waste to minimise carbon emissions.
Everyone understands the importance of your business, hence the government’s help and the existence of voluntary recycling initiatives. Besides, 2021 will come with the Extended Producer Responsibility scheme, which will bring you more e-waste from producers and importers.
Still, your business faces many challenges because you need quality equipment and top expertise to do your job. That way, you can reduce compliance risks, maximise raw materials reuse and resale, plus invest in data protection.
Our personalised E-Waste Recycling / Reprocessing Business Loan will help you solve these challenges quickly to grow your company.
We’ll help you find environmentally-friendly e-waste solutions for your customers. We’ll also help you to mitigate data security risks and recycle with a zero-landfill policy in mind. Therefore, you can funnel more customers and increase your profits.
For instance, a year ago we helped Mr Thomas Ong with his e-waste company startup. His company was relatively new. Like all new businesses, procuring customers was an issue. It was also difficult to obtain a fair loan from the bank.
Mr Ong was almost ready to give up his dream when he came to us at SBL Singapore. His business plan was sound so we devised a personalized and affordable loan.
Mr Ong used this loan to diversify his company’s services to attract more customers. He acquired the right equipment for demanufacturing, processing, upcycling, and recycling. Mr Ong also hired experts in data security and simplified the collection process with no need to palletize.
Afterwards, Mr Ong invested part of his loan in advertising to ensure more people and companies new where to reach him. His streamlined scheduling and top collection system were his company’s unique selling proposition. However, Mr Ong also invested in educating his audience. His website now features tens of infographics, videos, and articles about e-waste recycling.
As such, he could easily attract more multi-site companies in Singapore and abroad. Just a year later, his e-waste business has doubled its profits and continues to grow.
If you want your company to flourish too, apply with us. It will only take two minutes to complete your application.
With our customised E-Waste Recycling / Repurposing Business Loans, we can help you cover expenses for:
- Licenses and permits
- Insurance (liability insurance, bond, workers’ compensation)
- Cleaning equipment and products
- Purchase of machinery and equipment
- Purchase of safety gears
- Labour and payroll
- Transportation fees
- Office/warehouse rental
- Vehicle rental
Launched in February 2018, SBL Singapore aims to provide financial assistance to all companies including those in the Electronics Waste works industry. We also gather mentors in the E-waste service sectors through our Coach-and-Go programme for our clients to attain more information and knowledge on business management. Our objective is to help local Singapore brands grow and enter the overseas market.
With an E-Waste Recycling / Reprocessing Business Loan, you pay for an inexpensive and reasonable rate of interest on monthly repayments, ensuring that you have enough capital to remain competitive and grow your business. In addition to funding, you will also obtain the mentor-ship and operation assistance that you require.
Max Loan Amount$1,000,000
Min Years to Qualify0.5
Min. Annual Turnover< $100,000