Have any Questions? +65 6908 8111

Looking for a super convenient way to get a competitive business loan?

We’re here to assist you.

Looking for a super convenient way to get a competitive business loan?

We’re here to assist you.

Friendly female loan officer explains business loan terms to two young business owners looking to get quick cash loans

At 111 Credit, we aim to deliver a positive borrowing experience.

Expect friendly service, attractive rates, and fast turnaround.

Smiling couple happy to know they can optimise their working capital with a business loan from the top money lender in Singapore
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Less than 60 minutes processing time for walk-in application

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Seamless application process using Singpass and Corppass

Optimise and improve your working capital


Reducing Interest Rates:

from 4.28%
per month*

Loan Tenure:

up to
24 months*

processing fee

*Terms and Conditions apply

Loan Eligibility Criteria

Who can apply?


Private Limited Company

Registered and operating in Singapore for a minimum of 1 year

We work with you to understand your business requirements.
Our goal is to provide you with the loans you need in the most hassle-free way.

How much can I borrow?

Company’s Nett Profit

Less than $20,000


At least $20,000

6 times monthly income

*Figures show the total maximum amount that you may borrow at any time across all licensed money lenders in Singapore as stipulated by the Ministry of Law. The actual amount you can borrow is subject to the licensed money lender’s approval.

Required Documents

Company bank statements for the last 6 months


Latest yearly financial report 


Company constitution


Photocopies of NRIC (front and back) of all directors and major shareholders


Latest CBS Reports of all directors and major shareholders


Latest 2 years of NOA of all directors and major shareholders


Tenancy agreement

Distressed woman calculating multiple bills, contemplating whether to take a business loan or not

Ready to start your application?

How to apply?


Visit our office to apply in person, or


Submit an online loan application and wait for your
in-principle approval, which will be issued within 24 hour

Frequently Asked Questions

A business loan is a loan specially catered to business owners for various business needs. It is typically unsecured, so no collateral is required.

A business loan can be used for various business purposes, such as inventory expansion, equipment upgrade, purchase of new machinery, upfront payment of materials, staff salaries, operating expenses and more.

Depending on the sum of money you’re borrowing, your business loan may be regarded as a long-term loan or short-term loan. 

A long-term business loan involves large amounts of money coupled with a longer loan tenure that stretches months or even years. You’ll have to make monthly repayments to pay down your debt.

A short-term business loan involves smaller amounts of money with a shorter loan tenure, typically stretching just several months. Instead of making monthly repayments to pay down your debt, it is common for the loan to be repaid in full at the end of the loan tenure as defined in your loan agreement. 

You can get small business loans from banks, financial institutions and licensed money lenders in Singapore, such as 111 Credit. Licensed money lenders are a viable option if you need to get a business loan for a quick injection of working capital — the amount of paperwork as well as processing time required are much lesser compared to traditional lenders. 

You can borrow anywhere from $10,000 to $300,000 on small business loans from licensed money lenders in Singapore.

The average business loan interest rate you can expect from licensed money lenders in Singapore ranges from 2% to 8% per month. Just to put things into perspective, 111 Credit’s business loan interest rate starts from 4.28% per month.

To ensure your business loan application proceeds seamlessly and quickly, prepare the following documents in advance: 

  • Your company’s BizFile details
  • Your company’s bank statements from the last 6 months
  • Your company’s financial reports from the last 2 years
  • A copy of the ICs (front and back) of all directors and shareholders
  • All directors’ and shareholders’ Notices of Assessment (tax filings)
  • All directors’ and shareholders’ credit reports from CBS 
  • Your CPF contribution to staff in the latest month 
  • Your business’ tenancy agreement 

Yes, you can still get a business loan despite having bad credit history. Keep in mind your loan terms are up to the lender’s discretion.

You may want to consider getting a personal loan to fund your new business since business loans in Singapore are usually available only to businesses that have been in operation for at least one year.

Start an online business loan application with 111 Credit