An investor, captivated by the promise of a tech startup, lent SGD $75,000 to a young entrepreneur with a vision to transform the industry. There was no written agreement—just trust and verbal assurances that repayment would commence once the startup turned profitable. For two years, the entrepreneur sent glowing updates about the business’s progress, reassuring …
A small IT consultancy, known for its innovative solutions, faced a severe cash flow crisis after successfully delivering a high-value project. The consultancy had completed an SGD $25,000 software solution for a mid-sized company, fulfilling all contractual obligations. The project was delivered on time, within budget, and met all agreed-upon specifications. However, when it came …
The client was a construction contractor who had been running his business successfully for years. His friend, the debtor, approached him with an opportunity to invest in a lucrative property development deal. The debtor, who had already secured most of the capital, needed an additional SGD$50,000 to finalize the project. Excited by the potential returns …
Case Study #024: $50,000 Property Development Deal Read More »
The client and his best friend, the debtor, had always dreamed of opening a restaurant together. When the opportunity finally presented itself, the debtor asked the client for a loan of SGD $45,000 to cover startup costs. They agreed that the debtor would repay the loan once the restaurant became profitable, but they did not …
