- Blk 133 Jurong Gateway Road #01-295 Singapore 600133
- info@sgpcredit.com.sg
- +6466 1157
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Get fast and flexible business financing tailored to your company’s needs, with transparent terms and a simple application process.
The 1Q 2019 economic statistics released by the Department of Statistics Singapore show the economy looks promising, with a 5.6 percent year-on-year increase in household net worth. This would not have been possible in the absence of thriving businesses.
Just as profit is essential for the success of any business, so is the required finance for the kick-start or smooth running of the business. Accessing a business financial loan is more about knowing the right place to look rather than checking out random places.
Generally, a business financial loan can either be secured or unsecured. Secured loans will require the borrower to present some collateral as security. Unsecured loans usually have the backing of a body as security before financial institutions can lend entrepreneurs money with no request for security. There are, however, some legal moneylenders that now give loans without the demand for collateral, but the amount accessible at once by a business is limited.
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?
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For a business to qualify for any of the loan categories, it has to satisfy two requirements before any other criteria stated for the category. The business must be registered and based in Singapore; at least 30 percent of its shares must also belong to Singapore local citizen(s).
Entrepreneurs can get up to a $100,000 loan to cover their daily operations expenses and make some upgrades in the company.
To qualify, a company has to satisfy all of the following:
The interest rate on this loan will be determined by the financial institution the company will be applying through. These institutions consider different factors such as credit ratings to determine the interest rate and qualification for the loan.
Businesses are allowed to repay this loan in installments for an extended period.
Under this category, businesses can qualify for up to S$100,000 loan. The loan is expected to be used as working capital, financial assets and any project the company is executing. It can also be used to acquire a company or see a merger process through.
SGP CREDIT, a business finance loan agency in Singapore will also determine the other factors that need to be fulfilled to qualify for the loan. Interest rates, collateral, and loan term are also determined by us based on the business credit analysis. We can customize a tailor-fitted payment schedule to ensure that you will be able to see through repayments while maintaining a healthy cash flow within your business.
Whether you are a local or foreigner in Singapore, there is a business financing loan you can access for your business through us provided you fulfilled all of the required criteria.
Irrespective of your purpose for seeking a Business Financing Loan, SGP CREDIT makes the process easier and faster. Apply online today for a dedicated call back from our professional loan specialist!