Start-Up Loan

A Start-up Loan is a personal loan that licensed moneylenders in Singapore offer to help fund your start-up’s various growing needs, such as working capital, inventory, or equipment purchases. We understand that it can be difficult to get funding as a new business, which is why we offer competitive rates and flexible repayment terms. Our goal is to help you get your business off the ground and make it a success. The amount you can borrow and the interest rate will be based on the licensed moneylender’s assessment of your creditworthiness and business plan.

The interest rate of a start-up loan can vary depending on the lender and the amount you are borrowing. Generally, start-up loans have higher interest rates than traditional loans because they are considered to be higher risk. However, there are many moneylenders in Singapore who specialize in start-up loans and may be able to offer you a competitive rate. It’s important to shop around and compare offers before choosing a loan so that you can get the best rate possible.

Applying for a start-up loan in Singapore is quick and easy with licensed moneylenders in Singapore. We have a wide range of loan products to suit your needs, and our experienced team will work with you to find the best option for your business. You can first apply online then head down to our office for a free consultation. By presenting the required documents we will start to process the loan application. You can get your funds on the spot after signing the loan agreement. We understand that every business is different, and we are committed to providing the best possible service to our clients.

Before taking out a start-up loan, it’s important to understand the terms and conditions of the loan. In Singapore, licensed moneylenders are required to clearly state the repayment terms and conditions of the loan. This includes the total amount to be repaid, the repayment schedule, and any late payment fees or penalties. Start-up loans can be a helpful way to get the financing you need to get your business off the ground. However, it is important to note that start-up loans must be repaid in full, and failure to do so can damage your credit score and impair your ability to take out other loans in the future.

To be eligible for a start-up loan from a licensed moneylender in Singapore, your business must have been in operation for at least 1 year and be incorporated in Singapore. In addition, you will need to provide financial statements for your business as well as personal income tax returns for yourself and any co-borrowers. The moneylender will use this information to assess your eligibility for the loan and to determine the interest rate that you will pay. If you are approved for the loan, you will be required to sign a contract detailing the terms of the loan, including the repayment schedule and late payment fees.