Financing options you can tailor to your business no matter you are SME or start-up!
Regardless of how long you have been in business, you may suffer a degree of the recession in your business. Due to some reasons that you find difficult to explain, your seemingly successful business may face financial challenges. Or, perhaps you are an aspiring entrepreneur and you need a capital to kick-start your career, you may find it difficult to raise the capital through your personal efforts or supports from your friends and family.
Before you apply for our loan, check the qualification criteria for all loan borrowers and see whether you are qualified for the loan.
Business Loan Qualification Criteria
These are the few qualification criteria you must satisfy before you can get the loan:
- Your business must be registered in Singapore.
- You must have been in the business for a minimum of two years.
If you meet these conditions, you also need to submit some important documents for verification.
Documents for verification
Submit your Sole Proprietor, Partnership or Company’s Business Profile and relevant key appointment holders’ Identity Card.
As a proof of your company’s worth and repayment ability, you need to submit recent 6 months bank statement of your company for verification.
Also, get the financial statement of your company for the previous financial year ready as part of the document you will submit for verification.
Your Tax Notice of Assessment, if you are a sole proprietor or Partners’ Tax Notice of Assessment if you are into partnership.
These are just a few documents that you need to submit in addition to meeting the qualification criteria mentioned earlier. If you can, be assured of quick approval of your application.
If you are still contemplating whether to go for the loan or not, consider some of the benefits of taking advantage of Advance Planners Credit Business Loan:
- Attractive interest: The interest rates charged are attractive enough for you because we make the rates relatively low for customers’ convenience.
- Collateral-free: Since we understand that a lack of collateral may serve as an impediment for business people who are really in need of this loan, we make it collateral-free. If you need this financial assistance, apply for it without delay without any collateral.
- Quick approval: The company will not keep you waiting and in suspense, approval of loan applications for qualified borrowers are not delayed so they can quickly invest in their business. If you are qualified, your loan application may be approved in less than an hour.
You can salvage your business from extinction if you take a good advantage of this opportunity.