Licensed Money Lender Personal Loan Tiong Bahru

Tiong Bahru is Singapore’s oldest housing estate. Today, it is considered one of the hippest neighbourhoods in the country because its atmosphere is a fascinating mix of traditional and modern Singapore.

If you wish to experience Tiong Bahru’s signature quaintness, consider visiting Curated Records, a vinyl record shop, or Tiong Bahru Food Centre, where you can easily find every Singaporean staple that you’re craving.

If you ever have a business in Tiong Bahru that requires extra funds, a SME business loan may be the answer.

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:

Contact us online or via phone: You may apply for a business loan online, through our website or through e-mail. Alternatively, you can call us at 6588 1886.
Attend the in-person appointment: You will be invited by our loan officer to attend an appointment so we can further discuss your situation.
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?

As a licensed money lender in Singapore that’s 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 Tiong Bahru Money Lender Singapore today for a business loan to help kickstart your business!