SBF and Enterprise Singapore Launch CEFA – A Centralised Advisory to Help Businesses Strengthen Financial Literacy and Resilience
Strengthening Access to Financing Through a One-Stop Advisory Platform
Enterprises that invest in building strong financial literacy and solid financial fundamentals are significantly better positioned to access the financing they need to grow, transform and scale. Recognising this critical role of financing, EnterpriseSG has partnered with SBF to establish CEFA as a dedicated financing advisory hub to serve enterprises across various stages of their financing journey, helping enterprises open doors to access a range of financing options best suited for their needs. The centre will offer the following services:
a. Advisory and Facilitation: CEFA will work closely with financial institutions to provide businesses with tailored advisory on relevant financing solutions they may require, ranging from working capital and trade financing to project finance, as well as alternative options such as equity investors and private credit. CEFA will also collaborate with other ecosystem partners – such as professional services firms, Trade Associations and Chambers, and SME Centres – to enhance the financial literacy and readiness of Singapore enterprises, enabling them to make more informed financing decisions aligned with their business strategies.
Mr Kok Ping Soon, CEO of SBF, said, “Businesses are operating in a far more uncertain environment today, and sound financing and cash flow decisions matter more than ever. SBF’s latest Enterprise Financing Survey shows that enterprises need more than capital alone – they also need clearer guidance to understand financing options, connect with the right partners, and plan for sustainable growth. CEFA, together with our network of financial institution partners, and the refreshed Financial Management Toolkit, brings this support together in a more coordinated and accessible way.”
Interested enterprises and partners can approach CEFA at cefa@sbf.org.sg, or visit CEFA’s official website at www.entfinancing.sg for more information.
