Good new! Business owners, are you looking for more funds for expansion and/or to keep your business running?
Enterprise Singapore is now working with banks and financial institutions to provide Working Capital Loans of up to SGD$600,000 (previously SGD$300,000), starting March 2020 for 1 year only.
These loans will be disbursed by the participating banks and financial institutions, and Enterprise Singapore will be undertaking a larger risk-share portion.
These will usually result in lower interest, as well as higher loan quantum disbursed. However, as these loans are decided by the participating banks and financial institutions, they are also subjected to the institutions' approval based on the various checks and risk appetite.
Do you know many business owners tend to only start looking for financing when they need, which will be detrimental to their businesses? Below are some of the frequent causes for high interest and insufficient amount borrowed :
Bad credit score
Low bank balances
Poor Financial Statement
Approaching the "wrong" institutions (due to the different criteria for different institutions)
Incorrect financing method (working capital vs project financing)
With the above in mind, we will assist you by accessing your current situation and seek for the most suitable financing methods for you in terms of loan quantum as well as interest rates. As such, we only charge a fixed percentage only upon approval of your financing, allowing you to have a peace of mind running your business, helping you to save more in the long run.
Interested to find out more? Contact us for a non-obligatory consultation today!
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