SmartLoans.sg can help your business maximise its full potential by helping you secure the best business or SME loan in Singapore. Read more about the types of business & SME loans we handle below.
For loan amount $100k and below, your company can apply for a micro loan to finance your expenses.
Micro Loan criteria – Company has to be established for more than 3 years and the turnover for the company should be a minimum of $350k.
Documents required for Micro Loan application
Bridging loan is for companies that are applying for loan amount above $100k and the maximum cap is $2million.
Bridging Loan criteria – Company has to be established for more than 3 years and the turnover for the company must be more than $350k.
Documents required for Bridging Loan application
This is for companies that are applying for loan amount above $100k and the maximum cap is $2million. It is advisable for companies that have made losses to apply for a business installment loan instead of a bridging loan.
Business Installment Loan criteria – Company has to be established for more than 3 years and the turnover for the company must be more than $350k.
Documents required for Business Installment Loan application
Your company can apply for a trade related working capital loan for the following
Express Trade Facilities criteria – offers businesses packaged trade facilities with a quick turnaround time.
Documents required for Express Trade Facilities
If you would like to check if your company is eligible for a certain loan amount, you can calculate using the debt-servicing ratio below.
The debt-servicing ratio:
Monthly commitment of co. + Monthly commitment of director
Monthly income of co. + Monthly income of director
