We all know that Singaporean parents spend a huge amount of money on education every year. Which is why tuition or coaching centres are one of the most lucrative businesses locally. However, running a business in Singapore requires a great amount of funds and many businessmen have conceded defeat due to the financial issues they faced. Stop worrying. SBL Singapore, a local financial institution has been helping numerous businesses grow by providing them with the necessary funding, including businesses in the education industry. Whatever the cause or financial trouble, SBL is here to help.
One of the business owners that we have helped was Mr and Mrs Rossner. The couple moved to Singapore ten years ago and started their own tuition centre, providing courses for primary and secondary school students. Wanting to reach out to even more students, Mr and Mrs Rossner planned to improve their tuition centre by upgrading the furniture, bringing in screen projectors and improving their marketing and advertising campaigns. The couple soon realised that they did not have enough capital for the upgrade and decided to seek the help of SBL Singapore. SBL’s Tuition Centres / Coaches Business Loan quickly provided them with all the necessary funding and not only were they able to upgrade all of their equipment, they were also able to introduce new junior college courses and attract more students.
With SBL’s financing, we can help you:
- Buy or lease equipment(s)
- Purchase inventory or supplies
- Rent space or remodel
- Create and execute a marketing campaign
- Hire and train staff
- Secure the licenses and other permits you may need
Launched in February 2018, SBL Singapore aims to provide greater financing and funding to all local education businesses. Other than funding, SBL also gathers many mentors in the education industry through our Coach-and-Go programme to help local businesses grow and enter the overseas market.
With a SBL Tuition Centres / Coaches Business Loan, you pay for an inexpensive and reasonable rate of interest on regular monthly settlements. This leaves you with enough capital and funds to remain competitive and better your business. Also, you will receive the mentor-ship assistance and operation assistance that you require.
- Max Loan Amount$1,000,000
- Min Years to Qualify0.5
- Min. Annual Turnover< $100,000