BIZSQUARE – BEST BUSINESS LOAN CONSULTING SERVICE

  • Get up to $3 Million Temporary Bridging Loan
  • Get $300k SME Working Capital Loan
  • Refinancing your property to a lower rate
  • Get a Trade Facility for your Business
  • Highly professional loan consulting in Singapore

BUSINESS LOAN CONSULTING SERVICES

Types of business financing facilities we can help you obtain:

TEMPORARY BRIDGING LOAN

Government funding initiatives to help company overcome covid-19. SMEs can get a loan of up to $3 million at a very attractive interest rate starting from 2.5% per annum.

SME WORKING CAPITAL LOAN

Get funding of up to $300k from a Singapore government-assisted working capital loan-scheme for your cash flow concerns and business expansion with low interest rates.

SME WORKING CAPITAL LOAN

Get funding of up to $300k from a Singapore government-assisted working capital loan-scheme for your cash flow concerns and business expansion with low interest rates.

BUSINESS TERM LOAN

Enhance your cash flow and improve your business operations with a Business Term Loan of up to $500,000 and for up to 5 years.

PROPERTY LOAN FOR NEW PURCHASE AND REFINANCING

Attractive financing for Industrial & Commercial properties at up to 90% of the property’s market value that will cater to your needs and requirements.

PROPERTY LOAN FOR NEW PURCHASE AND REFINANCING

Attractive financing for Industrial & Commercial properties at up to 90% of the property’s market value that will cater to your needs and requirements.

TRADE FINANCING

It releases cash currently tied up in outstanding customer invoices. Ideal for funding expansion plans or improving your cash flow.

PRIVATE FINANCING

Each private financing option individually tailored criteria to your needs so you might find it much more flexible compared to traditional bank lending.

PRIVATE FINANCING

Each private financing option individually tailored criteria to your needs so you might find it much more flexible compared to traditional bank lending.

OUR PROCEDURE

Easy 6 steps process, here are what you need to do:

STEP 1

Submit the loan inquiry form.

STEP 2

We'll call you within 24 hours.

STEP 3

During the call, we'll find out More about you & arrange a free 30 min consultation with us.

STEP 4

We analyse your business, your financial situation, your cashflow gap and expansion plans.

STEP 5

Present to you our recommendation on what is the best solutions for your business.

STEP 6

Loan approved. Get the funding you require and solve your cash flow needs.

DOCUMENTS THAT WE WILL REQUIRE FROM YOU
FOR OUR INITIAL ASSESSMENT

  1. NRIC of Directors
  2. NOA of all Guarantor for the last 2 years
  3.  Last 6 months Bank statement
  4.  CBS of all guarantors
  5.  Financials of company for the last 2 years
  6.  Any contracts or invoices of the company

WORK IN FIGURES

OVER 3,000

No. of Client

OVER 1.3 BILLION

Total Approved Loan Amount

OVER 30+

No. of Financing Partner

OUR FINANCING PARTNERS

We work with more than 30 banks, financial institutions and private funders to give you the
best financing solutions in the market.

SME BUSINESS LOAN SINGAPORE FAQ

The maximum small business loan funding amount differs among various banks and also depends on your company credit profile (revenue size, industry, cashflow position etc.).

Most banks’ maximum financing amount granted to SMEs range between $300K to $500K. However, it is exceedingly hard to secure the maximum amount unless the company has close to perfect credit profile. If your main bank is not able to meet your requested financing amount, you can also apply across other banks concurrently to maximize the financing amount you’re targeting.

Yes, you can but options are very limited for new startups. Most banks do not provide start-up business loan for newly registered companies.

Most banks lend on track record and would require applicant company to have at least 1 to 2 years of operational business history before considering extending financing.

If your business is operational and at least 6 months old, a competent SME loan broker might still be able to help you secure business financing.

However, expect very limited financing options for a start for very young companies and also smaller financing quantum. If you manage to secure any form of business loans, ensure prompt subsequent repayments to build up a good credit record for your company.

As your business matures and coupled with a good credit record, it’ll be easier to source for financing in future from more banks, with more options.

If you are not qualified for our business loans, we will ensure that we let you know all the information you need to improve your financial situation and your business. Afterwards, you can put in another application at a later date with better chance of qualifying. Many businesses opt for loan due to urgent needs for project funding. When an application has been declined, the business may not be eligible to apply to the same lender for as long three to six months.

Here’s some of the potential reasons why an application might get rejected:  

  •  Business’ owner credit profile  
  •  Not understanding the financials that was submitted  
  •  Applying to the wrong bank for funding  
  •  The loan limit that is applying 

Once you apply for a loan, the financial institution will look up your personal credit report. Your credit report will then be taken into account when your application is being surfaced. If you have a low credit rating, there’s a higher chance that your business loan will be negatively affected by it. However, Bizsquare can help you to identify the various banks and other financial institutions that have credit criteria that is suitable for your business profile, so that you can maximize your chances of approval for a business loan.

The average interest rate currently ranges from 2.5% – 7.5% effectively per annum, depending on the type of business loan you are applying for and the company’s credit profile.

Typically we will need: 

  •  last 6 months of company bank statement 
  •  Last 2 years of financial statement 
  •  Last 2 years of notice of assessment 
  •  NRIC of the guarantor

Depends on the volume of application at that point in time. Typically 2-4 weeks.

  1. Must be a Singapore registered SME company and at least 1 year in business.
  2. Annual turnover of $100K and more.
  3. Group employment size of not more than 200 employees. 
  4. Minimum 30% shareholding by Singaporean PR