SME BUSINESS TERM LOAN SINGAPORE
An SME Business Term Loan for your daily operations, business expansion, or contingency for your working capital in Singapore.
Business Loans in Singapore may benefit your company in several ways, such as buying fixed assets like equipment for production processes.
These pieces of equipment will start to prove a constant stream of revenue for your company while your loan is being repaid. Be it for investment, property expansion, injection, or new technology implementation, We provide you easy access to extra funds, from Temporary Bridging Loan to Working Capital Loans to property secured loans, so that you can entirely focus on growing your business.
We offer SME Business Term Loan, which is designed to boost your company’s working capital.
Enhance your cash flow and improve your daily business operations with an SME Business Term Loan in Singapore.
SME Business Term Loan is created to boost Singapore company’s working capital with attractive interest rates. Get company loan facilities to secure business possibilities, obtain office equipment, restore your premises, and more.
Borrow as much as SGD 500,000 at engaging interest rates for up to five (5) years with this collateral-free loan.
We look into the following and assist you in explaining to the banks the following information about your business:
- Character & business experience
Credit capacity
- Financial statement of personal finances to evaluate your ability to repay Financial statement of personal finances to determine your ability to repay
- Collateral, which should be bigger than the amount you’re borrowing, Capital, and Accuracy of your revenue & expense projections
It is easy to apply, with speedy processing time. Leave all the hassle & complicated explanations to us.
Click HERE to submit your loan inquiry now!
TYPES OF BUSINESS TERM LOANS WE AUTHORIZE IN SINGAPORE
Below table shows the range of business loans interest rates for various SME loan products:
loan Type | Interest Rate(EIR) |
---|---|
Unsecured Business Term Loan from Banks | 7% – 10% p.a. |
Temporary Bridging Loan from Banks | 2.5% – 5% p.a. |
SME Working Capital Loan from banks | 3.5% – 5.5% p.a. |
Trade Financing Line | 2.5% – 6.5% p.a. |
Overdraft Facilities (OD) | 5% – 8% p.a |
Equipment/Machinery Loan | 3.5% – 6.5% p.a |
Commercial/Industrial Property Loan | 1.7% – 2.7% p.a. |
P2P Crowdfunding/Alternative Funder | 1% – 5% /month |
Financial Example
The central location of ABC Technology has been a consistent number of clients for the last seven (7) years. But, due to Covid-19, the business revenue went down, and they do not have enough reserves to pay the employees & supplies.
Faced with such a situation, the owners of ABC Technology approached Us for a financing option. We suggested that ABC Technology should consider a Term Loan to get funds.
Taking up the term loan financing option is the best decision they have made thus far. Term loan financing provides a handy and hassle-free way to finance their company. As an outcome, they were capable of getting the funds they needed.
We offered ABC Technology the following terms:
- Business Loan: $300,000
- Interest Rate: 3% effective
- Monthly Repayment: $5390 X 60 months
In this example, ABC Technology was able to pay for supplies and their employees to operate. It only needs to pay $5350 per month through a Term Loan agreement.
* Disclaimer: The example above is merely shown for illustration purposes to allow better readers to understand the uses of each financing solution. The figures and interest rates listed above are not representative; they may differ based on each company’s requirements & management’s approval. Additional terms & conditions may also apply based on the credit assessment & evaluation conducted during application. Our management consultants Pte Ltd. and its employees are not responsible for the completeness or correctness of the computation, whether implicitly or unambiguously.
Funding Overview
Loan Quantum | Up to S$5 million of unsecured loans collectively |
Interest Rate | From 3.9% simple interest p.a (effective interest 7.5% p.a) |
Processing Fee | From 0.8% to 2% of the total approved loan amount |
Repayment Period | Between 1 to 5 years |
Application Criteria
Eligibility
• A business incorporated in Singapore for at least six (6) months with at least 30% local shareholdings (Singaporean and PR).
• A business that has an existing corporate account with active transactions for at least six (6) months
• A business with an Annual Sales Turnover of ≤ S$100million or CPF-payable Employees ≤ 200
Documents
Get started in 4 easy steps.
- Fill up the form & submit
- Engaged by our designated consultant
- Consultant presents on the proposed business solution
- Get your funds upon approval
How It Works
- In receiving your inquiry, our assigned Business Consultant will get a summary of your business finance.
- The assigned Business Consultants will brief you on the application process, the best-suited solution, and credit facilities for your company based on your needs during the scheduled appointment.
- We will assist you with the whole process of your application until approval & disbursement.
- During the procedure, they might ask for additional documentation required to aid in the application’s approval.
- Please allow 2 to 4 weeks* to evaluate, submit, negotiate, and approve your application.
• If approved, disbursement takes about 3-5 working days upon signing the Letter of Offer.
Fill up the form
Start Your Application Today!
We help our customers get the proper financial assistance by objectively evaluating their company profile & documents before finding the most relevant financial institutions to give them the highest loan approval chances.
We also try to get the most desirable deal for our clients by looking for the cheapest interest rates in the market, but this could still differ depending on the company’s financial standing & profile.
If your company cannot qualify for a loan now, we also advise on what areas you can improve to be eligible in the future.
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About FR Capial
FR Capital is a Singapore consultancy firm that helps SMEs to secure business loans from banks and financial institutions. We concentrate on SME finance, and through our expertise and network, we help clients secure funding with low-interest rates efficiently and hassle-free.