Business Loan in Singapore for SMEs
Need to expand your business or settle emergencies? Here’s why our business loan in Singapore fits your needs.
- We cover unexpected expenses and funding gaps, or if you have limited access to traditional credit sources.
- We have flexible requirements and terms, making it easier for your company to qualify for a business loan in Singapore.
- We’re a licensed moneylender under the Ministry of Law and a member of the Singapore FinTech Association.
What Are Business Loans in Singapore and How Do They Work?
A business loan is a sum of money that companies borrow to fund their activities, such as to cover the cost of raw materials. The company then needs to repay this business loan across a fixed number of instalments. For example, S$5,000 per month for 12 months.
Here’s How a Business Loan Helps Your Company Grow
You have a business need. For example, opening a manufacturing facility in Malaysia.
You apply for a business loan. It’s approved and the funds are disbursed.
You invest the funds to build the facility, meeting expansion needs and saving costs.
Meanwhile, you repay the business loan’s principal amount + interest until the tenure is complete.
The investment you make earlier, thanks to the loan, helps your company grow faster.
An Alternative to Banks:
Business Loans From 1-Fund
If you are unable to obtain a business loan from a bank or need funding quickly, consider turning to moneylenders in Singapore like 1-Fund!
Banks vs 1-Fund
Banks
Why SMEs Are Rejected for a Bank’s Business Loan
- Your company’s credit score is poor. There’s a risk you won’t be able to repay the business loan for SMEs punctually.
- Your firm is still new. It hasn’t had the time to show it can manage debt yet.
- You don’t have a convincing business plan. This can cause the bank to believe your business might fail, and therefore, not repay the loan.
1-Fund
How 1-Fund Helps You Secure a Business Loan for SMEs
- We have a 99% loan approval rate, with no minimum loan amount required.
- We offer funding even for newer businesses with limited credit history.
- We do not charge processing fees for our business loans.
- Our business loan eligibility criteria are more lenient than those of traditional banks.
- Our loan process is hassle-free and quick, allowing you to receive the funds in no time.
What Can You Use Business Loans For?
We don’t restrict what you can use your Singapore business loans for! Here are several suggestions for you to get your imagination going:
Grow your company’s reach by opening new offices.
Settle emergency expenses like equipment repairs.
Fund marketing efforts, such as advertisements and events.
Invest in developing new products or training your staff.
Cover daily expenses, especially during lull periods.
Have funds available for time-sensitive opportunities.
How Much Can I Get for My Business Loan?
We offer Singapore business loans from
S$5,000 to S$300,000.
If you’re a returning client who has made punctual repayments, we will consider offering larger amounts.
Hear From Our Clients
We’re not just licensed — we’re loved. Hear from our customers why 1-Fund is one of the top legalised moneylenders in Singapore and the go-to name for those seeking trustworthy local moneylenders.
How Do I Apply for a Business Loan in Singapore?
3 Steps to
Get Your Business Loan
1. Fill out our quick and easy application form.
2. Receive loan approval — in as little as 15 minutes!
3. Accept your loan offer at our office.
Frequently Asked Questions
Business Loans in Singapore
Can I get my business loan instantly?
You can receive your SME loan in Singapore in as fast as 15 minutes once your application is approved and you’ve verified — and signed your loan contract — in person!
Am I eligible for 1-Fund’s business loan?
Here are the eligibility requirements for our business loan:
Your company must be registered in Singapore for at least 12 months
The main applicant must be at least 18 years old
What documents do I need for a business loan?
You’ll need these documents when you apply:
- Your company’s ACRA Business Profile
- Proof of identity for all company directors and shareholders (A copy of the front and back of their NRIC)
- IRAS Notice of Assessment for all company directors and shareholders
- Credit Bureau Singapore credit reports of all company directors and shareholders
- Company bank statements for the past 6 months
- Company financial reports for the past 2 years (For firms in operation over 2 years)
- A tenancy agreement or proof of ownership of the current business premises
What is your business loan’s interest rate and tenure?
Interest / month
4% - 8%
Loan Tenure
6 - 12 months
Our interest rate for SME loans in Singapore hovers around 4% to 8% a month, as required by the Ministry of Law for licensed moneylenders. Choose from a loan tenure of 6-12 months.
Can I get a business loan without collateral?
Collateral is assets (equipment, vehicles, investments, etc.) that you guarantee the bank or licensed moneylender can sell to fund your business loan’s repayment if you default on it. However, our loans are unsecured, so you don’t need to pledge collateral to obtain the required funding.
Is it easy to get a business loan in Singapore?
Banks have stricter requirements, but here are three ways to increase your chances with licensed moneylenders:
- Ensure your company’s credit report is up to date. A good score further boosts your odds of getting approved.
- Show that your company’s revenue is stable. If it’s been growing steadily, your chances improve, too.
- Apply for a realistic loan amount. Don’t apply for more than what you can repay.
How do I enquire more about 1-Fund’s business loans?
Will I be charged for repaying my business loan early?
No. We do not impose charges for early repayments.
How do I choose the best licensed moneylender for a business loan?
Check that the licensed moneylender is on the Ministry of Law’s registry. Then, compare the loan contract it’s offering against packages from other licensed lenders. It’s also worth paying attention to how responsive and helpful the moneylender is during the enquiry process.
Reach Out to Us
Have all the information you need to apply for an SME business loan in Singapore? Submit your application online or learn how to apply in person at our office!