EFA Group, a Singapore-based company offering a variety of financial solutions to small and medium-sized enterprises (SMEs) across Asia, Europe, Middle East and Africa, has intensified its efforts of helping SMEs grow and prosper. To increase awareness of the various lending solutions it offers, the company has created a dedicated site, http://www.efa-fs.net/, where companies seeking alternative financing solutions can find useful resources. These resources include blog posts, white papers, news, and information about different financing solutions which can be accessed by SMEs.
EFA Group was established in 2003, and has so far financed approximately $5 billion to over 100 firms. In 2015, the company financed more than $1 billion, with a substantial portion going to Singaporean companies.
A 2016 survey on SME financing and growth carried out by Standard Chartered Bank and Singapore Business Federation found that almost 60% of SMEs surveyed expected that growth of their revenue would be driven by foreign business activities. In addition, these SMEs are finding creative ways to overcome the challenges which are hindering them from attaining their financial needs within the region. The EFA recognizes the issues that businesses are struggling with, which is why it is positioning itself as an alternative financial solutions provider. This is in addition to the company’s current banking lines.
As a way of meeting the increasing businesses’ financing demand, the EFA Group is extending its two financing solutions: receivables financing and supply chain financing. The two are xtension of the Group’s trade financing solutions. The Group also has longer term loans, including acquisition finance and asset-based finance.
Francois Dotta, Chief Executive Officer of EFA Group, said, “We’ve always been dedicated to serving real economy businesses, particularly those in the SME market. Our corporate mission complements the latest Singapore Government’s initiatives to help SMEs that wish to grow their business or overcome cash flow issues. We have the expertise and infrastructure to provide capital to the companies that need it most, be it short-term financing needs, or longer term loans to expand overseas or acquire new assets. Our flexible structuring approach, speed and ability to do smaller deals make us an attractive alternative financing option for the companies.”