{"id":13930,"date":"2025-09-17T08:55:25","date_gmt":"2025-09-17T00:55:25","guid":{"rendered":"https:\/\/dollarsandsense.sg\/business\/?p=13930"},"modified":"2025-09-17T13:33:58","modified_gmt":"2025-09-17T05:33:58","slug":"cimb-founders-card-sme-owners-cash-flow-gaps","status":"publish","type":"post","link":"https:\/\/dollarsandsense.sg\/business\/cimb-founders-card-sme-owners-cash-flow-gaps\/","title":{"rendered":"How The CIMB Founders Card Supports SME Owners Facing Cash Flow Gaps"},"content":{"rendered":"\n

For decades, small and medium enterprises (SMEs) have been known as the backbone of the global economy. This is also true in Singapore, where SMEs make up more than 99% of all enterprises<\/a>, and are responsible for about 70% of the jobs here. SMEs are defined as having an operating revenue of not more than $100 million or employing not more than 200 workers. 3 in 4 SMEs in Singapore have an annual turnover of $1 million or less, and owners of these micro enterprises and micro businesses often face the biggest challenges in cash flow.<\/p>\n\n\n\n

According to the Singapore Business Federation\u2019s latest Annual Business Survey<\/a>, ensuring positive cash flow was a top priority for SMEs, second only to growing revenue. One quarter of SMEs surveyed faced a severe to moderate credit crunch, with almost half not having enough for 3 to 6 months. To ease liquidity pressures, almost half of SMEs surveyed prioritised minimising non-essential outflows, while 1 in 4 businesses considered credit facilities as a solution.<\/p>\n\n\n\n

However, due to irregular income patterns and limited credit histories, many sole proprietors and SME owners are unable to access traditional business loans. Alternative options, like overdraft facilities, trade loans, and invoice financing are either costly or relatively inflexible. That is the gap the CIMB Founders Card hopes to address. It is a personal credit card that provides instant cash access with up to 114 days of zero interest (subject to a 1% processing fee).<\/p>\n\n\n\n

Entrepreneurs Want Financial Flexibility And Easy Access To Cash<\/h3>\n\n\n\n

At the launch of the CIMB Founders Card yesterday, CIMB Singapore\u2019s Merlyn Tsai, Head of Consumer Banking and Digital, shared that \u201cthe line between work and personal life are often blurred\u201d. That is why the CIMB Founders Card is the first purpose-built personal credit card tailored for sole proprietors and SME owners.<\/p>\n\n\n\n

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Credit: CIMB Singapore<\/figcaption><\/figure>\n\n\n\n

In her opening address, Ms. Tsai said that \u201cwhat truly matters to entrepreneurs is financial flexibility and easy access to cash\u201d. With up to 114 days of zero interest, almost double other existing products in the market, the CIMB Founders Card offers a practical and impactful financial solution.<\/p>\n\n\n\n

In addition to instant cash access with up to 114 days zero interest, other benefits of the card include:<\/p>\n\n\n\n