Licensed Money Lender Personal Loan Boon Lay

Boon Lay is a neighbourhood that was named after Chew Boon Lay, an entrepreneur and business magnate who used to own rubber plantations in the region during the early 20th century. It is located within the town of Jurong West. 

Some tourist spots in the area include:

• Jurong Bird Park – A haven for close to 3,500 birds across 400 species. Famed for its large and immersive walk-in aviaries such as Lory Loft and Waterfall Aviary.
• Jurong Hill Park – Though the park is still quite hidden, many people come here for breathtaking views from atop this hill.
• Jurong Falls – The 30-meter (98 ft) tall Jurong Falls are a must-see for all visitors to Singapore. The waterfall is located within the open-access Waterfall Aviary at Jurong Bird Park.

Boon Lay is also near some reputable licensed moneylenders where you can conveniently access any loan for your future venture or existing business. 

What is a SME business loan and how does it work?

A SME business loan is a loan that’s catered specifically to small and medium-sized enterprises. These loans are customized to meet the unique needs of SMEs.

Examples of these include, but are not limited to:

• Purchasing of new equipment
• Moving to a new office space
• Ensuring the business’ survival

Advantages of taking SME business loan with money lender

• Fast application process: Securing a business loan is quick and straightforward once you’ve gathered all the necessary documents and ensured your business’ eligibility. The typical process time is less than 3 business days upon the receipt of your application.
• Get up to $200,000: You can loan up to $200,000 if your business has a minimum turnover of $60,000. Additionally, you can get a bigger loan amount by opting for a secured loan.
• Client privacy: Following the Personal Data Protection Act 2012 (PDPA), 1 Fullerton Credit commits to protecting all of our clients’ details and privacy.
• Fair interest rates: Although the Ministry of Law caps the interest rates of moneylenders to 4%, this does not apply to business loans. Thankfully, our range here at 1 Fullerton Credit is only between 5-15%.

How to apply?

Before you can apply, you first have to make sure that you meet the eligibility requirements. For this, your business should be:

• Registered in Singapore
• Running for a minimum of one (1) year
• Getting a minimum turnover of $60,000

You must then collect the required documents, which include:

• NRIC of all directors or partners
• Recent business profile from ACRA (Accounting & Corporate Regulatory Authority)
• Recent income tax assessment notice (company & personal)
• Recent financial statement
• Recent business contracts or invoices
• Recent utility bills under the company
• Bank statements from the last 6 months
• List of company assets (if any)
• Shop/office tenancy agreement (if any)

Once you got these nailed down, the next steps that you should take are:

1. Contact us online or via phone: You may apply for a business loan online, through our website or through email. Alternatively, you can call us at 6588 1886.
2. Attend the in-person appointment: You will be invited by our loan officer to attend an appointment so we can further discuss your situation.
3. Claim your cash: If the loan terms and conditions are agreeable, you can claim your cash within minutes of signing the contract.

How can 1 Fullerton Credit help you?

Our mission here at 1 Fullerton Credit is to consistently stick to our tagline and promise, which is: “Borrowing money made easy.”

If we’re being real, no one wants to end up in a position where they’ll need to borrow money to support themselves. Our job is to make it convenient for our customers to overcome their financial burdens using our customizable loan plans.

Conclusion

As the best money lender Singapore licensed by the Ministry of Law and that has been in the business for over a decade, we at 1 Fullerton Credit will continue to serve our clients in the best way we know how — by being the financial superhero in that crucial time of need. Check out the best Money Lender Boon Lay for a business loan to help kickstart your business today!

Contact us at 6588 1886 or enquiry@1fullertoncredit.com.sg to get your SME business loan or any personal loan approved when you need it.