Singapore has a well-structured guide for borrowing money from Singapore licensed moneylenders. As a Singapore licensed moneylender, we understand that many large and small businesses are often faced with financial difficulties that hinder cash flow and weaken working capital. Timely access to the right kind of business loans can salvage these financial difficulties and move the business to the next level.
As a Singapore licensed moneylender, we have a broad range of business loans that you can apply for when seeking to expand your business, or when you want to meet any short -term cash flow needs. Our flexible funding will guarantee that you are never drawn back through lack of funding. For instance, you can apply for a business term loan from us.
What is a business term loan?
A business term loan is an installment loan that you pay back with expected repayments at a fixed interest rate. A small business owner can utilize a business term loan to achieve various financial aims. A business term loan is characterized by its set refund term length, which is mostly between one to five years duration.
Why you should select us for your business term loan
As a Singapore licensed moneylender, we are unique and foremost in all our dealings. We have unbeatable services with various advantages attached to getting a business term loan from us. These advantages include our fast and hassle-free application, flexible repayment structure, quick access to funding, lower monthly payments and longer payment terms than any short-term loans. Most importantly, you can use our online platform to apply for your business term loan.
How does a business term loan work?
Getting approval for a business term loan from banks or other alternative financial channels may be very difficult. Interestingly, we have successfully removed all the associated difficulties attached to getting a business loan approved through the use of our online lending platform by making the process hassle-free, quick, and accessible.
With a business term loan from a Singapore licensed moneylender, you get a deposit of the approved funding amount with a set interest rate, which you are to start repayments on either weekly or monthly basis over an agreed period. The precise amount you qualify to receive depends on your firm’s financial status and business needs. Repayments could involve both the principal amount borrowed and interest.
When do you need a business term loan?
A business term loan is suitable for you when you want to expand your business or when you want to make an inventory purchase. It is also ideal for you when you want to increase your working capital, or when you want to meet any urgent financial obligations in your business. As Singapore licensed moneylender, we are ever ready to assist and support you in making your business thrive.
How to get a new business loan from us
You can apply for a new business loan from us. The process is very quick, easy and hassle-free. You can take advantage of our online money lending platform to access your application for a business term loan and other types of business loan. Apply online for a new business loan now!