If there’s one common document all banks will want to see a tick marked on that application checklist, that would be your bank statement.

When applying for a business loan in Singapore, your bank statement is a mandatory document almost all banks will require for credit assessment.

A …

If you own a small business and have been sourcing for a business loan in Singapore with a few banks and financial institutions, you will have known by now that there are a lot of loan products available in the market.

Lenders may offer you a business credit card, …

SMEs have always faced challenges in attracting and retaining talents from the labor market. Unable to compete with larger companies with more resources whom can offer higher remuneration prestigious brand name, SME often lament about manpower challenges.

This situation might change however with the unabated rise of the gig …

Do you have an existing business loan that is almost paid off?  When you have paid a substantial portion of your loan (say around 30 to 50 percent of the original loan amount), your banker might offer you an additional loan top up.

Amount of additional financing offered may …

As a business grows, there will always be challenges it must tackle. A business often sees its operation cost rises, but fails to identify the reasons behind it. We call these the “hidden costs”; it’s like a stubborn disease, not only is it difficult to treat, it also takes …

Trade financing is the lubricant oiling the engines of global trade. Trade financing in its simplest form is the activity where the exporter get paid (or is guaranteed a payment) for the goods before shipping it to the importer. However, the importer would also want some sort of assurance …

SMEs also known as small and medium-sized businesses are businesses that are characterized by the number of their staff, which could range anywhere from 1 to 200. SMEs usually form the majority of most countries’ businesses and makes up 99% of Singapore’s companies.
SMEs have an edge over bigger …

Owners of a well-established business looking for financing usually apply for unsecured loans from banks and lending institutions.  Unsecured term loan is one of the most common form of facilities in business loan Singapore context.

When a business is in its infant stage with very not much track record, …

To expand a business, the owner has to (willingly or unwillingly) make credit sales to allow customers pay at later stage after delivery of goods/services. Typical credit terms is 30 days or less commonly 60 days (or more).

Extending sales credit terms to local customers is quite the norm …

Financial constraints and the need for financing is something almost every business encounters at some point. The first solutions we come up with are usually a bank loan or sales of shares.

However, for most small and medium enterprises, a business loan in Singapore usually requires a corresponding …