Searching for swift, hassle-free and cost-effective working capital financing solutions?
Invoice
Financing
Up to $1 million (Max 90% of invoice amount)
Optimise and free up cash flow
Rates from 0.75% per month
Loan Tenor: up to 6 months
Working Capital Financing
Up to $150k unsecured loan
Finance growth and operational expenses
Rates from 1.3% per month
Loan Tenor: 12 months
Unlock Boundless Possibilities with Your Newly Acquired Working Capital
Seeking additional funds for inventory or business expansion? Grab the opportunity to boost your working capital with our low-interest SME loans in Singapore, taking your business to new heights.
Quick infusion of short-term capital or supplement to your bank financing
Expand your workforce, finance acquisitions, and fulfill orders seamlessly
Secure financing on-demand, offering you ultimate flexibility
Empower your business to introduce fresh products and services with added strength
Benefits of
SME Loan
Financial Flexibility and Support
Our SME loans empower businesses to address a spectrum of financial needs. Whether it’s managing temporary cash shortfalls with short-term financing or proactively securing an extra line of credit for unforeseen circumstances, our loans provide the financial foundation that businesses need to focus on their goals and thrive.
Competitive Interest Rates
Businesses opting for our loans can benefit from highly competitive interest rates, especially if they have a strong credit profile. This not only reduces the overall cost but also enhances the financial feasibility of their projects.
Diverse SME Loan Solutions
We offer a comprehensive range of SME loan solutions tailored to assist businesses and startups in Singapore. These solutions are designed to swiftly, securely, and affordably meet their funding requirements.
Streamlined Application Process
Our application process is designed to be secure, straightforward, and efficient. Businesses can expect quick approval times, often receiving loan approval status within just one day. This expedites their ability to undertake high upfront cost projects and seize emerging opportunities.
Frequently Asked Questions
What’s the eligibility to apply for SME loan?
We provide financing options for Singaporean private limited companies with a minimum of 6 months in operation and sole proprietorships (owned by Singaporeans or PRs) with at least 18 months of operation.
Loan approval decisions are subject to evaluation by our credit and risk assessment teams.
How much can I borrow for my SME business loan?
Depending on the specific financing product, you can access funding of up to SGD 1 million for Invoice Financing, up to SGD 150,000 for Working Capital Financing, and up to SGD 120,000 for Purchase Order Financing. Please note that the loan amount, interest rates, and disbursement fees for any financing or loan request are subject to assessment and may vary accordingly.
What documents do I need to submit with my SME business loan application?
For Working Capital Financing, you need to provide a minimum of 2 documents* for the credit assessment process:
- Latest 6 months of bank statements.
- Credit Bureau Score (CBS) of the guarantor(s).
- Notice of Assessment (NOA) (*only applicable for sole proprietorships).
For disclosed Invoice Financing, no additional documents are necessary.
For disclosed Purchase Order Financing, you’ll need to provide the latest 12 months of bank statements.
Loan approval is contingent upon the evaluation conducted by our credit and risk assessment teams.
How do I apply? What is the process?
Easily reach out to us using the form above or quickly self-register online through our platform. After approval of your SME business loan application and verification of documents by our credit team, your financing request will be funded through crowdfunding by our lenders. Within just 24 hours, the funds will be disbursed to your designated account.
What are my monthly instalments?
The monthly installments for an SME loan are contingent on multiple factors, including the loan amount, its duration, and the applicable interest rate. Consequently, it’s challenging to offer a precise estimate without access to the loan’s specific particulars. For a more precise assessment of your monthly installments, we encourage interested parties to reach out to us directly. Our team is ready to answer inquiries and offer tailored insights on monthly installments, accounting for your unique circumstances.
What is the SME business loan interest rate?
Our SME business loans in Singapore feature highly competitive interest rates tailored to the specific financing needs. When it comes to Invoice Financing, you can benefit from rates as low as 0.75% per month. Working Capital Financing offers attractive starting rates of 1.3% per month, while Purchase Order Financing commences at just 1.2% per month. These favorable rates are strategically set to offer businesses cost-effective financing solutions, enabling them to support their growth and operational requirements without burdening their financial resources.
Which financing products are suitable for my business?
In addition to SME business loans, we offer a range of supplementary financial products aimed at facilitating the growth of small businesses. These include working capital loans for swift access to credit, foreign currency transfer services, and online money transfer solutions for cost-effective and convenient payment alternatives. Our goal with these financial products is to furnish businesses with adaptable options that underpin their expansion and triumph.
How long does the SME loan application process take?
We recognize the paramount importance of expeditiousness and efficiency in SME loan applications. We are dedicated to streamlining the process for businesses and startups in Singapore, ensuring a swift and hassle-free experience. Typically, our SME loan applications can receive approval within as little as 24 hours, enabling businesses to promptly access the funds they need and commence their growth and expansion initiatives without unnecessary delays. However, it’s worth noting that the precise processing time may vary contingent upon the unique circumstances of each loan application. To ensure a seamless and timely application procedure, businesses are encouraged to furnish all requisite documents and information with accuracy and promptness.
Are there penalties for repaying my loan earlier?
We are committed to offering our customers flexible and cost-effective SME business loan options. We recognize that businesses and startups in Singapore may sometimes seek to settle their loans ahead of schedule. If a business desires to make an early repayment, our dedicated staff is readily available to offer assistance and guidance throughout the process.