Business loans are commonly used by business owners to access cash needed for business start up, growth or improvement. There are a wide variety of programs and moneylenders available, so it’s important to understand your specific needs and pursue a loan that fits your situation.Starting a business in Singapore isn’t easy, nor is it cheap. That’s because in addition to hard work and lots of preparation, behind every scene, there is an abundance of equipment, inventory, marketing and manpower — all of which cost money.Of course, if you don’t have money, you’ll need to find it.The first place you should go is your own savings. If you don’t have savings, though, you’ll need to borrow.Borrowing is especially never easy for the self-employed who lack partners and investors with which to share financial risk. For them, taking up loans are equal parts obstacle and opportunity, overcoming the former in order to seize the latter is a matter of preparation, planning and persuasion.
What Is A Business Loan?
A business loan Singapore is a financial tool available to business owners of all sizes who need funding to enhance their business. Small businesses and start-up businesses typically have a more difficult time securing a business loan, but it is certainly not impossible. Regardless of your business size, any moneylender you work with will want to see firm documentation that supports the viability of the business as well as the purpose for the loan.
Singapore Citizen or Permanent Resident
Between 21 and 65 years of age
Singapore Registered Small, Medium Enterprise (SME) company.
Directors’ or Business Owner’s NRIC / Identity Card
Latest Company profile
Bank statements for the last six months
Existing office tenancy agreement.
1. Alpha 8 Credit – makes application for a loan simple and convenient for you. We offers payment plans that suits your repayment ability and needs.
2. Whether it’s for a wedding, further studies, business operation and expansion needs, all your needs is now within your reach with BestWayLoan.
3. Alpha 8 Credit believes in working hand in hand with our customers, providing good customer service and financial solutions to match all our customers’ needs.
4. Our fast and convenient services have helped thousands of clients bridge the gap between salary, urgent need of cash, emergency cash loan and seizing the opportunity of an investment.
5. We provide you with the peace of mind you can only get from a licensed money lender.
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