We’re here to assist you.
We’re here to assist you.
Expect friendly service, attractive rates, and fast turnaround.
Less than 60 minutes processing time for walk-in application
Seamless application process using Singpass and Corppass
Optimise and improve your working capital
READY TO START?
*Terms and Conditions apply
Who can apply?
Private Limited Company
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.
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.
Company bank statements for the last 6 months
Latest yearly financial report
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
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
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:
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.