SME BUSINESS LOANS

Compare Interest Rates For Business Loans in Singapore

How It Works

Step 1

APPLY

Answer a few simple questions
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HEAR FROM US

Our Relationship Managers will contact you within minutes
Step 3

IN-PRINCIPLE APPROVALS

In-Principle Offers in 2 Days
Step 4

GET FUNDED WITHIN 14 DAYS

Access the funds that are disbursed into your account

What is Your Business Type?

business type pricing table

Loan as much as $1,000,000

Interest rates from 3.2% p.a

No pre-payment penalties

Up to 5 years

SME WORKING CAPITAL LOAN

The SME Working Capital Loan is a financing movement by SPRING Singapore to help companies gain access to unsecured business loans in Singapore amidst a climate of slow economic growth.

Interest rates are charged on a reducing balance by most of the banks, and borrowers can repay early without any penalty charges.

Overview

Loan Quantum: Up to $300,000

Repayment Period: Up to 5 years

Interest Rate: 3.2% – 3.75% per annum

SPRING MICRO LOAN

Launched as an initiative taken by the government for Small Medium Enterprises (SMEs) in Singapore, to encourage easier access to a small  start up business loan Singapore. SME loan interest rates are based on a reducing balance, with no penalties charged for early repayments.
Overview

Loan Quantum: Up to $100,000

Repayment Period: Up to 4 years

Interest Rate: 3.2% – 3.75% per annum

BUSINESS TERM LOAN

Boost your company’s working capital with an unsecured loan. There is no collateral required.

Based on a fixed interest rate, the term loan has a tenure of 3-5 years and is repaid in monthly installments. Funds can be utilized for any purpose.

Overview

Loan Quantum: Up to $500,000

Repayment Period: 3 – 5 years

Interest Rate: 5% – 6% per annum

STARTUP FUNDING FOR DOCTORS

Specially for medical professionals: → Medical Doctors & Dentists

With significantly lower interest rates, this new startup funding has been made available to Doctors who want to startup or expand their practice. Approvals within 3 days.

Overview

Loan Quantum: Up to $500,000

Repayment Period: Up to 5 years

Interest Rate: 2.8% per annum

Allow Capable Loans to help you get a business loan in Singapore

Every business needs sufficient funds to grow, operate, and invest in technology that will help to cast an edge. With Capable Loan’s network of corporate financing affiliates, we can help you get the money you need, with the best terms and at the lowest rates. We will present you with all the best options that are available for your business. Let us bring you the opportunity to compare business loans interest rates and terms. When it comes to comparing rates, you should always entitle yourself to understand what each financier has to offer. More than that, you should also request for information on all chargeable processing fees, early repayment fees, and late payment fees. Understanding all the conditions and requirements before accepting an offer will ensure that you are getting the best possible deal, and will also allow you to avoid any unintended surprises when the time comes to accept the lender’s offer. Allow Capable Loans to help you syndicate for funds from competing lenders, so as to ensure that you are getting the most cost-efficient source of funds.

Questions to ask yourself before applying for SME loans

Why Do You Need a Business Loan?

Before getting a loan for your business, you should assess the financial situation of your business to determine if you really need the additional funds. Are you looking for a long-term loan or a short-term bullet loan? With a myriad of business financing options available, you should consider carefully in order to obtain the best source of financing. Getting the wrong type of SME loans in Singapore can have very adverse effects on the financial strength of your business. For instance, if you chose a short-term bullet loan for a long-term project, it can cause your business to run into unnecessary cash flow problems. It is imperative that you consider the objective of the term loan, and to match the time-span of the project with the term of the loan.

How Much To Borrow?

Once you have come to a decision on the tenure of the loan, then comes the part where you decide on a monthly installment amount that you are confident of repaying. Based on the desired loan quantum, along with calculations that include the interest rates, divide the total sum by the number of months in the tenure to see if it is a sum that your business cash flow can comfortably sustain. Understanding the monthly commitments that your business has taken on is a good step to take in working out the financial position of your company. Having a clear goal of how much funding you require will help in the process of obtaining the funds you need. 

Does Your Business Have Enough Cash Flow For Monthly Repayments?

Lenders like to lend money to businesses that have money to pay them back. To assess a business’s ability to pay back a loan, lenders rely on various factors that articulate the financial strength of a business, such as the ratio of debt to equity, financial statements that show revenues and expenses, and cash flow projections of the business’s profit or loss. To ensure that you are sufficiently equipped, it is wise to tabulate the total  loan amount required and the business loan interest rates, in order to know whether the business can sustain the monthly repayments comfortably.

Do You Have The Required Documents To Apply?

Required documents for assessments may vary from lender to lender. However, these are the few general documents that every financier will almost certainly need to process an application:

– Past bank account statements
– Profit and Loss statements
– Balance sheets
– Income tax returns of Directors
– Identification proof of Directors
– Information on existing debt facilities

We all know that paperwork can cause delays. Therefore, even though all the relevant documents will be requested for during the application, it would help to speed up the process significantly if all the proper documents were already ready. An important part of the application process is to convince the lender that your business is ready to take on the loan, and that your business is also strong enough to repay it. Having all the relevant documents prepared will help to portray this. More often than not, there will also often be requests for additional documentation. As far as possible, always try to be prompt in providing them.

Why get SME loans?

Expand your business

Grow your business and expand your horizons. Allow your empire the chance to further its reach, and take your dreams to the next level.

Protect your cash flow

Your company’s cash reserve is the life-line of your business. Use someone else’s money to make more money.

Hire more employees

Take care of your employees, and they will take care of your business. Hire new talents who can add value and create and edge for your company.

Purchase equipment & inventory

Improve the performance and efficiency of your operations, and generate more revenue with new equipment. Or increase your stock inventory and grow the business.

business loans in Singapore
$39262671

LOANS SECURED

Bank in Singapore
369

COMPANIES FUNDED

SPEED

When businesses go direct to lenders, they are usually given low priority as their loan tickets are relatively small and usually one-off. Lending officers end up sitting on these applications for a while before processing. However, our cases are always given top priority because of our large deal flow. The cases we submit are the first to be processed.

CONVENIENCE

We have access to a wide network of lenders and we are constantly in-touch with their ever-changing policies and criteria. With this, we are able to systematically reach out to the whole range of lenders that are suitable for our clients.

EFFECTIVENESS

Our deep industry knowledge and strong on-the-ground relationships with lending officers makes us very efficient with the loan matching process. We also able to ensure that all loan requests are taken seriously and are properly processed. The result is a very high success rate for loan approvals and disbursements.

OPTIMISATION

We are constantly in-touch with the ever-changing policies and criteria held by lenders. This knowledge enables our experts get the best loan solutions for our clients. Lowest interest rates and the highest quantum.
SME LOANS MADE EASY

Whether it is a long-term loan, short-term loan, working capital loan, micro loan, SME loan, home loan or trade financing, Capable Loans is here to make it a fast and simple process for you. Capable Loans is committed to helping you grow your company. Our purpose is to raise funds for you, while you focus on growing your business.

BORROW MONEY QUICKLY

Our focus is to raise funds for you in the fastest possible time. With in-depth knowledge of all the various SME loans and financing solutions available, we are able to analyse and understand your company’s structure and industry, and help you to obtain the most cost effective source of funds in the shortest time. No more waiting for months to get a reply from the banks. With Capable Loans, the process is accelerated to get you an in-principal approval within 2 days.

GUARANTEED  FUNDING FOR YOUR COMPANY

With a slowdown in the economy, businesses need adequate financing to sustain and boost growths. However, the banks have tightened their requirements, making it difficult for SMEs to qualify for the any financing. Therefore, where SMEs have failed to obtain sufficient funds from the banks or financial institutions, Capable Loans comes as a booster to ensure that you get the money you need.

FUNDING YOUR BUSINESS GROWTH

Many companies in Singapore apply for SME loans every day, but did you know that almost 90% of all applications get rejected by the banks? Our Capable Loans team is fast and efficient, and we always get the best results. Our track record shows that we are always able to obtain funding for our clients. Our team is dedicated to helping SMEs to grow their business. We will get you the best deals, improve cash flows, and accelerate the efficiency of your business. Let us help you to raise capital today.