Question 1

Do you lend the money yourselves?

Accepted Answer

No. Business Loans Singapore is an independent loan-matching and referral service — we are not a bank, finance company or licensed moneylender, and we do not lend money. All financing is provided by licensed banks and financial institutions regulated by the Monetary Authority of Singapore (MAS). We help you compare options, prepare a strong application, and connect with the right lender.

Question 2

How much can my Singapore SME borrow?

Accepted Answer

It depends on the facility and your business profile. Government-backed SME Working Capital Loans go up to S$500,000, equipment and property financing are sized to the asset, and invoice financing scales with your unpaid invoices. Tell us your turnover, industry and what you need the funds for, and we'll shortlist realistic options for you.

Question 3

What are the eligibility requirements?

Accepted Answer

Most bank facilities require a company registered and operating in Singapore, at least 30% local (Singaporean/PR) shareholding, and a track record of revenue. Startups may qualify under the Enterprise Financing Scheme's startup track. Requirements vary by lender — we match you to the ones whose criteria fit your business so you don't waste time on rejections.

Question 4

What interest rate will I pay?

Accepted Answer

Interest rates are set solely by the lender, based on the facility type, your business profile, security offered and prevailing market conditions — so we don't quote a fixed rate up front. Secured facilities (property, equipment) are usually cheaper than unsecured loans. We source and compare live offers across our panel to find you a competitive rate, and you decide with no obligation.

Question 5

How long does approval take?

Accepted Answer

For a complete application, many working-capital and unsecured facilities are assessed within a few business days, while property and trade facilities take longer. The biggest delay is usually incomplete documents — so we tell you exactly what each lender needs before you submit.

Question 6

What documents do I need to apply?

Accepted Answer

Typically your ACRA business profile, the last 6–12 months of bank statements, latest financial statements or management accounts, and directors' NRIC and personal details. Some facilities need invoices, quotations or property valuations. We'll give you a tailored checklist so your application is complete the first time.

Question 7

Does enquiring cost anything or hurt my credit?

Accepted Answer

Enquiring with us is free and carries no obligation. We only submit a formal application to a lender with your consent. A soft discussion of your options does not affect your credit; a formal loan application to a bank may involve a credit check, which we'll always flag before you proceed.

Question 8

How do I get started?

Accepted Answer

Message us on WhatsApp or send an enquiry with a few details — your business type, monthly turnover, and what you need financing for. We'll come back with a shortlist of suitable options and the documents needed, then guide you through to approval.

Merchant Cash Advance in Singapore

What you get

How to apply

Check if you qualify for a merchant cash advance

Other financing options