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Personal Loan Punggol
Punggol has significantly evolved from its humble beginning as a rural village into a glorious waterfront town. Punggol Waterway is Singapore’s longest man-made waterway that you and your family have to see and experience. Leisure comes in many forms that’s why Punggol Waterway Park is divided into 4 thematic zones that cater to different activities and interests like recreation, nature, heritage, and green gallery. It’s surely the place to celebrate and relax!
What Is a SME Business Loan and How Does It Work?
Businesses nowadays are competitive. The needs of the business vary according to the latest trends in the market, changing consumer preferences, fluctuating market prices, and purchasing power of the people. At any rate, the business has to be fast enough to keep up with inevitable changing market conditions.
Increasing competition may entail expenses on acquiring new equipment and facilities, hiring more employees, or necessitating an expansion of the business. Even the costs for the business’ day-to-day operations can be a burden especially when there are unforeseen economic downturns, both at the micro and macro level.
A SME business loan is perfect for businesses looking to finance short term financial needs. This loan is offered by banks, financial intermediaries, and money lenders. The only remaining question now is where to get the best deal.
What Are the Advantages of Taking SME Business Loan With a Money Lender?
- Money lenders do not require as much paperwork as banks and other financial intermediaries require. What is more important for money lenders is to make sure that your business will not go bankrupt a few months after your loan transaction. Hence, you just have to prove the good standing of your business.
- Money lenders have excellent customer service. They give urgency to your financial emergency. So long as you have complete requirements, your SME business loan application will be more likely to be granted than otherwise. Banks, on the other hand, are strict when it comes to eligibility requirements.
- Reasonable interest rate and zero processing fee. Expect around 5%-15% interest rate for business loans. Remember, your business must be operating for at least 1 year and should have a $60,000 minimum turnover.
How to Apply?
Moneylender Singapore may vary in their application process but they generally and commonly have the following steps:
- Complete the requirements listed on their website including their application forms
- Give them a call and set an appointment
- Visit their office for a physical consultation
- Get your loan
How Can Our Company Help You? Why Us?
Loan Advisor will help you determine which SME business loan deal is most suitable for you. It provides instant, relevant, and updated comparisons of money lenders’ services. This way, you will be able to maximize your options.
Loan Advisor has also its means of assessing and rating various money lending institutions in Singapore. We are very thorough and objective in our ranking so you are sure to get reliable recommendations based on honest and first-hand reviews.
If you want to talk about which personal loan would suit you and your needs, feel free to contact us.
Summary of Top Legal Money Lenders of 2021
111 North Bridge Road
#01-41 Peninsula Plaza
470 North Bridge Road
#02-12 Bugis Cube
17A Circular Road
365 CREDIT SOLUTIONS
14 Scotts Road
#03-64 Far East Plaza
470 North Bridge Road
#02-01A Bugis Cube
2 Havelock Road
#02-08 Havelock II