Q8. “Can I get funding for start up business loan in Singapore?”

Home FAQs Q8. “Can I get funding for start up business loan in Singapore?”

Q8. “Can I get funding for start up business loan in Singapore?”

Yes you can but options are very limited for new start ups.

Bear in mind that most banks do not provide start up business loan for newly registered companies.

Even if you have a product or service with huge growth potential, it would still be a struggle to obtain bank financing during initial phase.

Most banks lend on track record and would require at least 1-2 years of operational history.

If your company is a new start-up still in the R&D phase with no attributed revenue yet, it is advisable that you source for equity financing or venture capitalists, rather than debt financing from banks.

A competent business financing consultant would be able to help new companies with at least 6-12 months of operational record seek out a small business loan. But do expect limited options and smaller funding amounts for a start.

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