3 Key Budgets - Unity, Resilience & Solidarity, Save Businesses, Jobs & Families.
References For Deferment Or Debt Moratorium.
Series Of Capital Measures Helping Companies To Solve The Financial Difficulties Caused By Covid-19.
In all, a total of nearly $59.9b budgets have rolled out in February 2020 (Unity, $6.4b), March 2020 (Resilience, $48.4b) and April 2020 (Solidarity, $5.1b) to cushion the fallout from COVID-19. Businesses, workers and families can make use of these capital supports to deal with the negative cash flow issues and take advantage to embrace new growth opportunities.
The new financing measures are providing companies with cheap working capital loans to overcome the current predicaments and improve capabilities to drive for business growth.
3 Key Cashflow Loan Supports For All Businesses:
Businesses are eligible to request for deferment of principal payments of the business loans and paying interest cost for the next 6 months or 12 months.
Other Government Capital Loans Support.
Individuals or consumers are eligible to request for the following deferment of loans or health insurance:
Unsecured debts - credit cards, revolving lines of credit and can convert into low-interest cost term loan before Dec 31.
Secured home loans - owner-occupied and investment residential properties are able to get help to defer for principal and interest payment up to Dec 31.
Life & health insurance premium - given an option to defer premium for up to six months due between Apr 1 and Sept 30.
$30m SME Fixed Asset Loan - Finance local and overseas fixed assets investment.
$5m Venture Debt Loan - Finance the new growing innovative business.
$50m Project Finance - Finance the awarded overseas projects.
$50m Merger & Acquisition Finance - Support the acquisition of local or oversea enterprises.
Trade Credit Insurance Scheme - Protect against non-payment by the new customers.
Political Risk Insurance Scheme - Safeguard companies overseas projects against political uncertainty.
These financing and protection initiatives are providing to companies to venture overseas markets with the intent to drive for long-term economic growth and internationalization.
Financing Journey Starts From Here.
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Capitalizing on the various government grants and schemes to transform, innovate, and increase productivity.
The digitalization of the business processes is vital to driving for continuing growth. Capitalizing on the available schemes of the subsidized funds to defray parts of the qualified transformation costs affordable and riding through digitalizing journeys.
Companies should take conscious approaches to adopt the right strategy for developing new values or fresh revenues to create promising business models and opportunities to move the companies for future growth.
Use The Government Grants To Upskill & Upscale Capabilities.
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