From cash flow to marketing, help for businesses flow in amid virus outbreak
Fundtier offers S$1m loans; JL Family Office, Straits Trading, ARA Asset Mgt's S$5m fund draws over 100 firms seeking S$6m in loans from.
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LOCAL crowdfunding platform FundTier is the latest to join a number of companies in offering support to small and medium-sized enterprises (SMEs) in Singapore, which have faced pressures from the ongoing virus outbreak.
On Monday, Fundtier announced it is offering S$1 million in loans to local SMEs that are keen to use a mobile marketing solution by its strategic partner, Dodoca Information Technology (S).
Each business using the Dodoca Integrated Mobile Marketing Productivity & Solution could get a loan of up to S$10,000. The loan would be interest free for up to six months.
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