09 Nov '11, 9pm

More interest in start-up loans here: "We do not expect smaller businesses to aggressively build up their loans,...

SINGAPORE - Some government agencies and banks are continuing to see strong interest in start-up loans. And SPRING Singapore says that start-ups are finding opportunity amid the current economic uncertainty. "Bigger companies may not be aggressive in going out to reach out to different customers. So that provides a gap and opportunity for start-ups to go out and target these markets," said Mr Sim Choon Siong, director, Entrepreneurship Development, SPRING Singapore. Based on his observations of the SME sector, however, he believes that many companies are less optimistic about the future. But he noted that as expectations for the job market and salaries sink, "the motivation for people to start businesses is actually higher because the opportunity cost of starting up is lower". And SPRING will continue to support start-ups. "We have four criteria (for grants). First we look...

Full article: http://www.todayonline.com/Business/SME/EDC111110-0000090...

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