Types of Business Loans | Resource Capital SME Loans Consultancy

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BUSINESS LOANS CONSULTANCY

TYPES OF BUSINESS LOANS

In Singapore, being the financial hub of Asia, there are plenty of choices when it comes to business financing. There are dozens of lenders providing hundreds of business loan products with variety in tenor, speed of disbursement, leverage ratios, cost of financing, eligibility requirements and more. Unperceived by many, this is a double edged sword that brings on the paradox of choice which delays decision making. Which SME loan type are you eligible for? What are you preferences in terms of loan? Which SME loan suits your business?

A government assisted financing scheme to help SME gain easy access capital from $20 000 to $100 000.

An unsecured term loan is a business loan issued whereby the loan is supported by the borrower's creditworthiness without the use of properties or assets as collateral.

Business Term Loan

Mortgage loans for commercial, industrial and residential property. Up to 80% leverage

Enterprise Financing Scheme

EFS is designed to support local companies across all industries throughout all stages of growth in Singapore in the form of secured and unsecured loans.

Invoice financing is a way for businesses to borrow money against the amounts due from customers. This helps businesses improve cash flow and reinvest in operations and growth earlier.

Invoice Financing/

Account Receivables

Also known as Hire Purchase, equipment financing is the use of a loan or lease to purchase or borrow hard assets for your business. Up to 90% leverage.

A personal loan is a fixed amount of money borrowed at a fixed rate and repaid over a fixed amount of time, usually without the use of collateral.

Alternative Financing

In recent times, there has been a rise in lenders outside of traditional banks, providing liquidity to business owners. This includes crowdfunding, P2P funding, private capital.

COMPARE OPTIONS

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