Weddings, for most of us, are once in a lifetime moments that we hold close to our heart. However, as we all know, lots of preparation goes into a wedding. This includes seeking the expertise and help of wedding and bridal studios.
They can help in aspects such as photography services, wedding gowns, suits, and makeup. In Singapore, the two main types of wedding / bridal boutiques consist of one-stop wedding boutiques and designer bridal boutiques.
At SBL Singapore, we are well aware of the costs needed to set up or grow your wedding / bridal boutique business. This is why we are here to help you with the necessary funding and business expertise. With our affordable interest rates and quick approval process, you will be able to receive the timely financial help that you require!
After receiving her Bachelors in Fashion and Marketing from NAFA, Ms Jolene Ang worked as a fashion marketing executive in a local fashion brand. Her duties included devising and managing ways to market fashion products and overseeing photo shoots.
However, after working for 4 years, she felt that it was time for a change. She wanted to go back to designing apparel, wedding gowns to be exact. After roping in 3 other friends (a wedding photographer, fashion consultant and fashion entrepreneur), she decided to take a leap of faith and open her very own bridal boutique.
Before doing so, the 4 of them sat down to discuss what was required moving forward. This was where they identified issues such as the lack of manpower (administrative and service staff). In addition, they also lacked professionals (wedding photographers, makeup artists, wedding planners and video editors). They also saw the importance of promotional and advertising costs in creating brand awareness and in the process, driving sales.
Thus, they spend a few months planning and getting their business proposals up. After which, they sought financial help from SBL Singapore. With the proper funding from SBL Singapore, Ms Ang and her four friends are now the proud owners of wedding studio Reflections In Time.
With SBL Singapore’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 financial assistance to all companies including those in the wedding or bridal boutique industries. We also gather mentors in related fields 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 Wedding / Bridal Boutique 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