- Working Capital Loan & Temporary Bridging Loans offered in affiliation with Enterprise Singapore
- Unsecured Business Term Loan
- Invoice & Purchase Order Financing
- Merchant Cash Advance
- Business Overdraft
The WCL and TBL loans are offered with risk-sharing by Enterprise Singapore, which is an organisation of the Singapore Government. Enterprise Singapore offers these loans via banks and lending institutions. If you meet the eligibility criteria, this would be the perfect business loan to go for if you are seeking working capital for your business operations.
Unsecured business loans are purely based on the personal guarantee given by the company's directors. The lack of a collateral required may seem attractive, but the risk factor remains the same due to the guarantor-relationship.
Invoice and Purchase Order financing uses the Invoice or Purchase Order as a collateral for awarding the business loan. This scenario is useful for businesses who have completed work and are awaiting payment for an invoice, or have bagged a purchase order and need working capital in order to execute the project.
Merchant Cash Advance is a type of loan offered to businesses that use credit card terminals for billing their customers. The numbe and amount of credit card transactions over a period of 6 months serve at the main evaluation criteria. This type of loan will fit small to medium retail shops, restaurants, etc.
Business Overdrafts are suitable for short-term business financing, and work like the unsecured business loan in terms of seeking personal guarantee and scrutinising past financial performance and current bank statements.