Licensed Money Lender Personal Loan Braddell
Singapore’s Braddell MRT station is near Toa Payoh, one of the country’s best walking tourism sites. You can enjoy a day of strolling around the Toa Payoh Town Park. Next, get more peace of mind walking in Lian Shang Shuang Lin Monastery with its beautiful Buddhist temple architecture and practices.
Make sure you’re never low on cash by using a licensed money lender’s personal loan service. It’s easy to apply and receive your loan with these service providers.
SME Business Loan: A Startup and Blooming Business’ Partner
Adding to their business loans, licensed money lenders can support any Singaporean with a budding business idea. If you’re capitalizing on time, but you’re short on money, you can use SME business loan offers from legitimate lenders.
Truthfully, a startup and small to medium business with more than a year of establishment can use licensed moneylenders to go through the next business scaling and development stages.
How Does It Work?
Like bank loans, borrowers must present all the necessary requirements to prove their eligibility to use the financing. Most lenders will ask you to present your business plans, greatly illustrating the profitability and return on investment their business model presents.
Why Should You Use Money Lenders Rather Than Banks?
Unlike banks, licensed money lenders invest in profitability and business plan feasibility. They will ask you for your balance sheets to evaluate the previous year’s business’s overall performance. However, if your business is doing favorably (which is often still below bank preferences), licensed money lenders will approve your loan.
Licensed moneylenders work with the borrower rather than act as a separate party. They will ask prying questions about your business plans to learn more about your business’ adaptability. If the lender sees your financial management capability as above average, they will provide you with all the means to upgrade and take your business to the next level.
Credit Scores Are of Low Priority
Truthfully, money lenders can purchase your credit reports. However, they will use it only to evaluate your financial history and dependability but never as a solid basis to reject your financial application.
How Easy Is It To Apply?
1. Contact Your Chosen Lender
Licensed moneylenders have their respective websites and telephone numbers. The Ministry of Law provides the list of all legitimately licensed moneylenders in Singapore. Each lender you see is legitimate and helpful in providing you with top-notch SME business loans.
2. Prepare All The Necessary Requirements
Most lenders will ask you for the following documents to supplement your application:
- NRIC of all business directors and partners
- Accounting and Corporate Regulatory Authority (ACRA)
- Personal and Corporate Income Tax Assessment
- Financial Statement
- Invoices or Business Contracts
- Recent Utility Bills
- Six Months Worth of Corporate Bank Statements
- Business, Director, or Partner-Owned List of Assets
- Tenancy Agreements where applicable
3. Wait for Loan Approval and Release Date
Once you submit all these requirements, you’ll need to wait a few hours to days in receiving your business loan approval and cash. You might be asked for an interview.
Why Choose 365 Credit Solutions?
With over 10 years of experience providing top-tier personal, business, and other personalized loans for Singaporeans and foreigners, we at 365 Credit Solutions are greatly confident in fulfilling all your fiscal needs. Contact us today by calling us at 6222 5500!
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