Unsecured Business Term Loan Singapore

The eligibility for unsecured business loans depends on your business s monthly sales and cash flow which represents your ability to pay back the loan.

Unsecured business term loan singapore. Or call us at 1800 bizloan. As you can guess that means that your personal credit score will play a very important part in your small business loan application. Examples of unsecured business term loans include enterprise singapore s sme working loan temporary bridging loan programme term loans offered by peer to peer p2p lenders and sme help funds.

However on exceptional cases these term loans may also have an interest servicing only bullet repayment repayment. A typical unsecured business term loan funds up to 500 000 with a repayment period of 1 5 years. The scheme has been enhanced following budget 2020 with maximum financing up to 1m for singapore smes.

The interest rate chargeable ranges from 7 to 12 per annum and administration fees are levied at 1 to 5 of the approved loan amount. Repayable via equal monthly installments typically between 3 to 5 years. Enhance your sme s cash flow with funds of up to s 500 000 with an unsecured business loan.

Receiving payments in singapore. Any locally incorporated company with at least 30 local shareholding can apply for a business term loan no matter how big or how small although some lenders will only lend to private limited companies so you need to check this. Unsecured business term loans usually have a principal interest repayment pattern.

Our unsecured business term loan is designed to boost singapore smes working capital with attractive interest rates. Nevertheless unsecured business term expects the loan borrower to show the lender a good credit rating with outstanding financial history including a cash flow forecast. Transfers in singapore dollars.

Multiply offers best small business loans to meet your businesses needs and goals. Features of unsecured business term loans. Unsecured business term loan in singapore.