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How Novalink helps SME
  • To maximize your chances of approval for a business loan
  • To save yourself time and frustration
  • To select the most appropriate lending source for each business loan
  • We are professional expertise of the financial consultants to advise
 

Singapore Business Term Loan

 

Singapore Business Term Loan / Company Bank Loan

It is fixed-term business loan with a maturity of more than one year, providing an organization with working capital, or to finance plant and equipment generating cash flow. The term loan is the most common form of intermediate-term financing arranged by commercial banks. Maturities range from one year to 5 years.
 

Basic requirement for term loan

  1. Must be Singapore registered SME company
  2. At least 1 years in business
  3. Annual Turnover S$150K and more
  4. Minimum 30% shareholding by Singaporean or Singapore PR
No more than 2 return cheques in 6 months
 

Documents needed

  1. A copy of your Directors or Owner’s IC photocopy
  2. Bank statements for six months
  3. Personal income tax assessment of owners and directors for two years
  4. Financial Report for 2 years (optional)
 

How to apply

Call our consultants for professional advice now. +65 9646 7253