Finance For Businesses

Finance for businesses operating in Singapore is offered mainly through various banks, lending institutions and licensed money lenders in Singapore.

Finnacle Capital Solutions is not a bank or lending institution, but a loan processing institution. Finnacle works directly with 21 licensed banks and lending institutions in Singapore. So, irrespective of the type of loan you are looking for, and irrespective of the banking institution or lender you have in mind, Finnacle can help you apply for your business loan with the respective bank and lender in question and process your business loan application.

So, what are the different loan products being offered, and which lenders are offering them? At Finnacle, we make this really simple and easy for you.

We completely understand that our clients are interested in the lowest possible and lowest feasible interest rates. Further, some clients will have specific needs in terms of going for a short repayment period or a long repayment period, going for a lower or higher amount of loan principal, and also going for a loan product that offers multiple benefits. Some clients are short of time, and need the loan disbursed as early as possible.

Finnacle has ex-bankers in its loan processing team. This ensures that we know all the loan products offered by the leading banks and lending institutions in Singapore. This knowledge helps us quickly map the ideal bank or lender for your unique needs. By going through us, you also save a lot of time and effort in contacting multiple banks and lenders, and in trying to understand their loan products and how it fits into your requirements.

So, just by reaching out to us, you can save a lot of time and effort and get your loan application processed very quickly.

Let us now look at the different types of finance for businesses in Singapore.

• Working Capital Loan & Temporary Bridging Loans offered in affiliation with Enterprise Singapore

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 Term Loan

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 & Purchase Order Financing

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

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 Overdraft

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.

Interested in a business loan? Contact us to apply for the business loan.