Small Business Loan In Singapore

Small business loan in Singapore is not as complicated to get as you may think. Are you a small to medium business established in Singapore? Are you in the lookout for business expansion, and need cashflow to realize your expansion dreams? Or is it that your business is experiencing a cash crunch, and you require a small business loan to get your business back to smooth operation?

At Finnacle Capital Solutions, we fully understand that different people have different needs, and the Small to Medium Enterprise Business Loan sector is no different. From individual entrepreneurs to established business partners who wish to support or expand their business, SME business loans cater to varied people with unique loan requirements.

Enterprise Singapore, the business arm of the Singapore Government, dictates offering government-backed business loans to Small to Medium Businesses up to the range of $300,000. In most cases, this type of SME working capital loan is offered collateral-free, and under the Enterprise Financing Scheme.

In terms of how you and your business match up to the eligibility requirements, we will have a better idea about that once you submit your basic information to us and get a FREE credit assessment done with us. We have ex-bankers working with us in our loan evaluation team, and they will be able to quickly study your information, request additional information if needed, and match you with the right bank or lending institution in Singapore.

However, if we have to put it upfront, then you need to know that Enterprise Singapore dictates the following eligibility criteria in order to qualify for the government-assisted small business loan or SME loan:

• The company must be incorporated in Singapore for at least 2 years at the time of application of the loan.
• Singaporean shareholding in the company should be at least 30%
• The company should not boast more than S$100 million in annual sales.
• The company should not have a group employment size of 200 or more employees.

What do you think, do you qualify for a government-backed Small business loan? Even if you don't, we strongly suggest that you fill out a simple form to get in touch with us right away. We will study where you stand in terms of meeting eligibility requirements, and we will get back to you at the earliest possible opportunity and try to match you with the right small business loan in Singapore.