New Ways To Get A Small Business Loan ? Micro Loans

Posted by Oscar Rosario on March 7th, 2017

Typical business loans in Singapore offer high loanable amounts that result in expensive monthly instalments. Such loans may be well suited for corporations, but are unaffordable for start-up businesses and expanding SMEs.

Fortunately, there are banks in Singapore that offer micro loans specifically for SMEs. These SME micro loans have an affordable loan quantum of up to S0,000, and tenure of up to 4 years. What makes these loans not only affordable but also highly attractive to local SMEs is that there are banks that offer no collateral for their micro loans.

Given such terms, local businesses are now able to gain access to the financing that they need.

SME micro loans can be used for a variety of different purposes such as:

•   Establish a viable business
•   Modernize and automate plant and machinery
•   Expand existing production capacity
•   Develop new product lines
•   Renovate existing or new business premises
•   Enhance working capital 

Are you ready to provide the best loan solution for your business? Get in touch with a team of financial experts today for your SME micro loan.