A recruiter’s job is not a piece of cake. It takes a lot of determination, analytical skills and tactics to become top in your profession so that more clients ask for your assistance.
Lots of research is needed and recruitment agencies do more than writing boring job descriptions. They need a deep knowledge of the market to find good candidates.
Other than reaching the right target audience, they will have to comb through job applications, conduct initial interviews before presenting the candidates’ resumes to their clients.
That’s why many job recruitment agencies have seen the light of day in Singapore during the recent years. These agencies cater to the need of companies to disseminate their job posts on relevant channels and to filter quality candidates through insightful interviews.
SBL Singapore understands that the job recruitment market in Singapore has become saturated. There are many costs you need to consider, especially if you are just starting this business.
A year ago, our team at SBL Singapore helped Mr Paul Chan with his recruitment agency. Paul has a psychology degree from a top university in the UK and has worked as HR for a few companies in the UK and Singapore after he moved back to his motherland.
Soon after, Mr Chan started his very own business. It was doing pretty well initially but the company started facing financial issues. With the lack of resources, Mr Chan found it difficult to meet the needs of his company and his clients. Although he started with a good database of clients from his former employees and business relations, he quickly found that his company of four employees cannot do all the needed research, interviews and selections.
That is when Mr Chan asked for our help. Our loan allowed him to hire a few more people to his company, get access to more databases and purchase some apps and softwares that helped him automatize a part of the recruitment process.
Now, Mr Chan is happily running his successful recruitment agency in Singapore. SBL Singapore can also help you with our personalised Job Recruitment Agency Personal Loan so that you can cover expenses for:
- Mobile applications and softwares
- Web tools
- Online marketing and research tools
- Marketing, PR and advertising campaigns
- Staff hiring
- Licenses and permits
- Business expansion
Launched in February 2018, SBL Singapore aims to provide financial assistance to all companies including those in the Job / Recruitment Agency Business industries. We also gather mentors in the job recruitment sector 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 a Job / Recruitment Agency 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