What is a Business Term Loan?
An unsecured business term loan is a business loan issued whereby the loan is supported by your company's creditworthiness without the use of properties or assets as collateral.
This means that the cash flow and profitability of your business will be an important part of the lender's approval decision.
It is a fixed-term business loan with a maturity between 1 to 5 years, providing an organization with working capital to improve cashflow.
Term loan is the most common form of intermediate-term financing arranged by commercial banks.
Basic Requirements
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Singapore registered company
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At least 1 year in business
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Minimum 30% shareholding by Singaporean or Singapore PR
Loan Details
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Loan Amount: Up to S$500,000
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Repayment Period: 1 – 5 years
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Interest Rate: 7 – 12% per annum
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Processing Time: 2 weeks
Our finance consultants have processed hundreds of loan applications for businesses, we can help you reduce processing time, compare to get the lowest rates and maximize your financing amount.
