Licensed Money Lender Personal Loan Serangoon
Serangoon has modernized from its early days as a wet market. Today, it has busy shopping malls with grocery stores, restaurants, cafes, spas, and other shops.
Plus, you can listen to live music at various clubs in the area, and you can visit Serangoon Gardens, Serangoon Public Library, Serangoon Reservoir, Serangoon Road, and the Serangoon Country Club.
If you want to do business in Serangoon, you’ll want to have enough cash on hand. If you lack some funds and are way over the budget, you can always count on a licensed money lender to help you.
What is a SME Business Loan and How Does it Work?
A small and medium enterprise (SME) business loan provides enough financing for Singapore businesses to start up and begin conducting their business. With a SME loan, businesses can quickly expand their operations, improve their services, and have enough capital for new resources and equipment.
Advantages of Using a Licensed Money Lender Business Loan
Licensed moneylenders provide the best financial services for Singaporean businesses. Using them provides you with many benefits, such as the following.
1. Fast Payout
Licensed money lenders process your business loans in the fastest time possible after you’ve submitted all the necessary requirements to prove your eligibility. In some cases, establishing your eligibility on the same day allows them to release your entire business financing on the same day.
2. Limited Interest Rates
All business loans from licensed money lenders can have a 5-15% interest rate per month, making it an excellent alternative to bank business loans. The financing is manageable at its current loan limit of S $200,000.
3. No High Credit Scores Required
Licensed money lenders have gained popularity because of their accessibility. You can finance an entire business that has existed for one year, has a steady income, and has sensible and productive expansion plans with low credit scores. You won’t need to have high credit scores when working with licensed money lenders.
Steps to Apply For a Licensed Moneylender Business Loan
- Business is registered and physically present in Singapore
- Operational for one year
- Minimum turnover of S $60,000 annually
- All Directors and Partners NRIC
- Recent information report (Business Profile) from the Accounting & Corporate Regulatory Authority (ACRA)
- Recent Income tax assessment notice (both personal & from the corporation)
- Recent financial statement
- Recent invoices or business contracts
- Recent utility bills under the business name
- Recent 6-month bank statements
- List of assets owned by the business, directors & partners (if any)
- Office/shop tenancy agreement (if any)
Steps to Apply For A Loan With 365 Credit Solutions
1. Use the link to 365 Credit Solutions below this post
2. Fill out the form with the necessary information
3. Submit your form and check your eligibility for the personal loan
4. Submit all documents that prove your eligibility
5. Wait for loan approval and head straight to the nearest 365 Credit Solutions branch to claim it
365 Credit Solutions: Business Loans You Can Count On
It’s easy to find the best money lender for business loans in Singapore. 365 Credit Solutions continues to provide the best SME business loans with fast approval in the country. Visit our website today to apply for a loan now.
Contact us at [email protected] to learn more about this product and other financial products you can use with us today.
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