- Blk 133 Jurong Gateway Road #01-295 Singapore 600133
- info@sgpcredit.com.sg
- +6466 1157
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A fixed sum for a planned business investment, repaid in instalments agreed upfront – from a licensed money lender you can verify.
A business term loan gives your business a fixed sum upfront, which you repay in regular instalments over an agreed period. It suits planned, one-off spending – a new machine, a fit-out, a second outlet – where you know how much you need and when the investment should start paying for itself.
SGP Credit is a licensed money lender based in Jurong East, holding licence number 10/2026. We offer business term loans to Singapore-registered SMEs – sole proprietorships, partnerships and companies – with the amount, term and any security worked out around your business, subject to approval. Before you sign, you’ll see every instalment, every fee and the total you’ll repay.
Not sure a term loan is the right fit? Get a free, no-obligation assessment →
So there is this unsaid common rite of passage that small and medium businesses experience. It is usually a lack of funds. However, the truth is that your business does not have to go through the same ordeal. To save your business from the dilemma of limited funds, you can obtain loans at reasonable and convenient repayment plans.
It is no news that every loan agreement contract contains some terms and conditions, so you, therefore, have to consider the terms of each contract before agreeing to it. By the laws guiding loans in Singapore, moneylenders have the responsibility to explain the terms of their contract to you before an agreement is reached. Also, you shouldn’t sign a contract whose repayment plan or interest rate is not convenient for you. Avoid any agreement that places a caveat on your property such that you cannot sell your property to pay the loan. This is true because eventually, such caveats leave little or no proceeds from either the loan or the sale of the property. Even if you’re desperate to get a loan, you should check out different moneylenders for the most favourable terms to be sure you have the best offer you can get.
You’ll find it so much easier to choose the right loan for you, quickly and easily
We aim to lend only what you can afford to repay. We stick to the letter of the law and make your life easier, not harder.
You do not end up wasting your time applying for loans everywhere, let us discuss when and how to can get a loan.
Which is better? A loan from your bank/ financial institutions or a loan from a licensed moneylender?
We are committed to protecting your personal information and transactions. You can rest assured your information is safeguarded and protected.
You must understand that the maximum interest rate as prescribed by the law is 4% per month on every late repayment. Therefore, contracts that demand higher rates should be null and void under the law. This interest will only apply on the rest of the unpaid principal in case you have repaid part of it. Also, this interest is on money paid late.
Knowing fully well that some loansharks parade themselves as licensed moneylenders, you must understand that you have to verify if they are licensed by checking the list of licensed moneylenders. Even if they are verified, you should still be careful of moneylenders who use abusive language or threatening gestures, who ask for your SingPass ID and password, who retain your NRIC card or any other ID documents, who ask you to sign incomplete or blank notes of contracts, or who grant you a loan without exercising due diligence or giving you a copy of the agreement.
After being granted the loan, make sure you get the correct principal amount of the loan. The moneylender is only permitted to deduct 10% of the principal amount as your loan approval fee upfront. You should pay the loan instalments on time. You should make sure to receive a receipt for all repayments and a bank statement every six months. Don’t forget to check the correctness of each document.
What is more important is that SGP credits offers you all the requirements above and even more.
We offer secured loan facilities which vary according to your needs and capacity. We offer short- or medium-term, as well as long-term loans. These loans, of course, are available to entrepreneurs and SMEs. SGP credit provides working capital loans to sustain your productivity and financial performance.
Our interest rates are very reasonable, and our repayment plans are convenient. While you can pay the interest on short-term loans monthly, the principal may be paid within the loan term.
We assure you that SGP Credit is the best business term loan company in Singapore for you. For more information, fill out our loan application form and hear from us as soon as possible.
Term loans work best for planned investments with a clear cost. Common uses include:
Both help a business grow, but they’re built for different jobs. Pick the one that matches what the money is for.
Businesses looking for funding are a favourite target for unlicensed lenders and scammers. Here’s how to check before you share a single document.
Not to a lender, an “agent”, or anyone offering to speed up your application. A licensed money lender is not allowed to ask for it. If you’re unsure about a lender, check its name, address and website against the List of Licensed Moneylenders before you go any further.
Singapore’s Moneylenders Rules treat business loans differently from personal loans. Here’s what changes – so you know exactly what to look for in your contract.
A “business loan” here means a loan to a Singapore company, a limited liability partnership, or a registered business (such as a sole proprietorship or partnership) that has been operating for at least one year. A loan to a business that’s been running for less than a year isn’t a business loan under the Rules, so the rules for other loans apply.
A lender can’t charge you any fee that isn’t on the permitted list (stamp duty and other statutory fees aside) – if a contract asks for one, it can’t be recovered from you.
Before granting any loan, a licensed money lender must tell you all of the following in writing. For a term loan, that includes the full instalment plan.
If a loan is secured against property, read the security terms closely. The Registry of Moneylenders advises borrowers to consider carefully before agreeing to any term that lets a money lender lodge a caveat on the sale proceeds of their property if they default.
Complete the form or apply with Singpass in a few minutes.
We review your application and call you to talk through what the loan is for and how you’d like to repay.
Singapore law requires in-person verification at our licensed premises before any loan is granted. Bring your business documents – we’ll walk you through the contract and instalment plan line by line.
Once you’re satisfied and the contract is signed, the loan is disbursed.
Our office is a short walk from Jurong East MRT, inside Jurong Gateway – easy to reach from anywhere in the west.
Blk 133 Jurong Gateway Road, #01-295, Singapore 600133
Licence No. 10/2026
Mon–Fri: 11:30AM – 7:30PM
Saturday: 11:30AM – 7:00PM
Sunday & Public Holidays: Closed
Walk in during business hours, or call +65 6466 1157 ahead and we’ll have your paperwork ready.
A fixed sum that your business repays in regular instalments over an agreed period. Under the Moneylenders Rules, it counts as a business loan when it’s made to a Singapore company, a limited liability partnership, or a registered business (such as a sole proprietorship) that has been operating for at least one year.
No. The 4% a month caps on interest and late interest, and the rule that total charges can’t exceed the principal, don’t apply to business loans. Interest is still worked out on the principal you still owe each month, late interest only on overdue amounts, and fees are limited to a set list. You’ll see the rate, every fee and the full instalment plan in writing before you sign.
Yes. For term loans, the Rules allow a lender to charge a fee for early redemption, or for ending the contract early, if your contract provides for it. We’ll tell you upfront whether one applies and how settling early changes your total cost.
It depends on the amount and your business’s profile, and we’ll tell you during the assessment whether any security is needed. If a loan is secured against property, read the security terms closely, especially any term that lets the lender lodge a caveat on the sale proceeds if you default.
No. The three-business-day cooling-off period that started on 15 September 2026 covers unsecured loans other than business loans. Take your time over the contract before you sign – we’ll explain every term first.
Sole proprietorships, partnerships and companies registered in Singapore that have been operating for at least a year. The owner or director applying must be at least 21 and a Singapore Citizen or Permanent Resident.
Yes. Licensed money lenders must meet the borrower in person at their approved place of business to verify identity before granting any loan. A loan done fully online isn’t allowed. Our office is a short walk from Jurong East MRT.
The correct principal amount, a copy of your loan contract, a receipt for every repayment, and a statement of account at least once every January and July. Check each one for the right name, amount and date.
Contact us before the due date. We’d much rather work out a revised schedule with you than see your business fall into arrears. Late interest is charged only on the overdue amount, so talking to us early keeps costs down.
No cold calls, no hidden fees, no surprises. Just a licensed lender explaining exactly what your business qualifies for.