Licensed Money Lender
Personal Loan Changi Village
Changi Village is often used as a waiting point for tourists who wish to go to Malaysia aboard a ferry. Because the village is frequented by travellers, various tourist establishments sprang around the island. The presence of an active tourism industry creates many opportunities for businesses.
Summary of Top Legal Money Lenders of 2022
1 Fullerton Credit
110a Telok Ayer Street Singapore 068579
470 North Bridge Road
#02-12 Bugis Cube
17A Circular Road
365 CREDIT SOLUTIONS
14 Scotts Road
#03-63 Far East Plaza
470 North Bridge Road
#02-01A Bugis Cube
2 Havelock Road
#02-08 Havelock II
There are many income-generating ideas worth exploring. if you are interested in starting a business or in expanding your current business in Changi, but you are short in funds, applying for a SME Business loan might be the perfect decision for you.
What Is a SME Business Loan and How Does It Work?
SME Business Loan stands for Small to Medium Enterprise Business Loan. From the name itself, this kind of loan is specifically formulated to meet the needs of small and medium businesses. SME Business Loans are sought for for different reasons.
Some use the money (1) to buy equipment, others use it (2) to renovate their shops, others use it (3) to fund research and development, and those who are starting may use this (4) to pay their staff.
Business owners and entrepreneurs may apply for a SME business loan from banks, cooperatives and from licensed money lenders.
Each has their own advantages and disadvantages. But as always, one will always emerge as the best choice. In this case, taking a SME business loan from best licensed moneylender Singapore has its relative advantages.
What Are the Advantages of Taking a SME Business Loan From a Moneylender?
1. Less documentary requirements
Compared to banks or cooperatives, the documents that moneylenders ask from their clients are less and can be accessed easily. They just need proof that you are running a legitimate business and that you are not going bankrupt in the next few months.
Moneylenders are in the business of making things efficient so it is understandable that they are cutting through the redundant paperworks.
2. More lenient eligibility requirements
Banks are notorious for being strict about eligibility requirements. Moneylenders are different — these financial institutions are generally more lenient with their qualifications.
3. Efficient services and fast application process
Most money lending institutions have great customer service. Their staff is well trained, polite and helpful. Compared to banks, their processes are always faster. This is important especially if you are dealing with small and medium enterprises, your every second count.
4. Competitive interest rates
The Ministry of Law monitors the interest rates being offered by the moneylenders in Singapore. Making this more reassuring because you are guarded by the regulatory board.
How to Apply?
- Complete the requirements listed on the website including their application forms.
- Give them a call and set an appointment.
- Visit their office for a physical consultation.
- Get your cash.
Processes may vary from one company to the next, but generally, it should be quick and easy.
Our company rates the numerous money lending institutions in Singapore using various measures and factors. We are very thorough and objective in our ranking so you are sure to get reliable recommendations based on honest and first-hand reviews.
Do not let cash shortage stop you from expanding your business. Look no further because help is here! Feel free to contact us.