Entrepreneurship in Singapore is not for the fainthearted. With an economy that is not expected to grow by 3% up to 2018, things are expected to get tougher. With slow growth, you expect problems in cash flow, which can be devastating for small businesses. At CreditMaster Money Lender, we are offering a way out for small enterprises through our specialized Small Business Loan Singapore products. We are one of the most trusted names in business financing in the country and we are committed to spurring growth by helping SMEs.
Convenient Business Financing
With our business loan products, you can diversify your operations by opening a new branch or even increase stock in your retail store. If you are in manufacturing, CreditMaster business loans are perfect to invest in new technologies that will give your business a competitive edge. We enable you to free up your assets to fund your business. Our financial experts work with you round the clock to guarantee financing that suits your revenue flow.
A report published in the Business Insider shows that 50-70% of startups fail within the first 18 months of operations. Another study on Forbes shows that 90% of new firms fail due to cash flow issues among other mistakes. At CreditMaster money lender, we are committed to ensure your business does not meet the same fate. Our mission is to help you enhance your cash flow even when the economic climate is stifled. Our loan assistants will work with you to assess your needs before coming up with a personalized collateral-free small business loan that matches your unique needs.
We want to see your business remain healthy, and you as the entrepreneur remain on top of your financial obligations. So feel free to discuss any concerns you have with our team of financial professionals.
Unlike a bank that would flat-out turn you away if the business has not been operating profitably for two years or more, we will be able to offer you unsecured credit. Basically you don’t have to pledge your personal assets to take a loan with us.
We understand the challenges that younger businesses (running at least 2 years) face in securing funds, which is why we have our specialized SME packages that allow you to get some money to ease your cash flow problems and keep your business’ doors open for longer.
Why Choose Us
Unlike banks and other mainstream credit institutions, you can count on CreditMaster Licensed Moneylender to pull you through periods of emergencies because we have instituted a streamlined application process. Whereas you would have to wait weeks before a bank approves or denies your request, we only takes a few days between the business loan application and approval, and finally disbursement if your loan application is successful and loan agreement signed.
In that time, we will analyze your business’ financial statements to determine how the business has performed in the time it has been in existence. We also look into the position of your assets where secured credit is being sought, and determine the business’s ability to keep up with the loan repayments.
Based on our analysis, you may either be approved for the whole amount applied for, approved for a fraction of what you applied for, according to your financial abilities, or denied until the business is in a better position if we think that your business cannot handle debt at the time of application.
Nevertheless, we offer the advantage of providing quick feedback so that you can plan better for your business. Rest assured that we have your best interests at heart, and want to see your business prosper.
Starting a new business venture? Consider SME Small Business Loans.
In an extremely volatile work environment, job security is no longer what it used to be. Financial hardships have made many companies lay off large numbers of their employees in a bid to cut down costs and maintain their profitability. Therefore, even if you are employed, you can never consider yourself indispensable and secure in the job for the rest of your life.
These shifting sands are what have made many Singaporeans choose to venture into the world of running their own businesses. The government has also been supportive by providing various incentives for business owners. This means that entrepreneurship in Singapore is in its all-time high today compared to any other time in the past.
When a business is young, it frequently faces a lot of challenges, but the biggest of them relates to cash flows and capital. In the beginning, a majority of the business needs have to be footed out of the pocket of the entrepreneur before it breaks even and is able to stand on its own.
If you are an entrepreneur looking for a business loan in Singapore to supplement the capital you have raised for business activities, there is no better place to turn than CreditMaster licensed moneylender. We have a huge variety of short-term business loans that you can take advantage of to keep your business afloat or enable further development.
Are you facing cash flow constraints? Do you need money to invest in your inventory and improve your working capital? Come to us and we will help you secure the cash you need. Have you recently had a mishap and need financial backing to rebuild your business? Look no further than your best and trusted partner.
Our short to medium-term business loan Singapore packages are created flexibly to cater for businesses at various stages of the growth cycle. Whether you are a small SME in the market or you have been around for years, CreditMaster has the right package that will fulfill your business needs.
Our repayment plans are not set in stone. On the contrary, we have an able team of financial advisors who will analyze your business statements to determine how your business is performing, as well as your expenses and potential for the future in order to tailor-make a repayment schedule which can best work for your business.
We understand that business income is never constant, fluctuating with the changes in seasons and customer buying habits. Hence, if you need to have flexible installments that are higher during the high season and lower in the lull business seasons, we can work out an arrangement for you.
What Licensed Moneylenders Require
We only require that our loan applicants present their identification documents, employment contract stating their salary, their last two pay slips and bank statements to show salary deposits. This helps us to ascertain that you are yourself; you work where you say; you get paid what you say and your salary is what you say.
Once we have this information, it’s easier for us to approve your application for a cash advance after you signed the loan agreement with us, and you can walk away with your money in hand.
For online applications, your documents will need to be scanned and sent to us via email. If you have a fax machine, you can fax the documents to us, but only after one of our customer representatives has been in touch with you. This is to protect your personal information from landing in the wrong hands.
At CreditMaster money lender, our policy is not to reveal or share your personal, confidential information with anyone else except in cases where your express approval has been sought, or in the due process of approving your application. In addition, we would never ask you to surrender your original documents to us. We keep copies for our file and return the original documents to you after verification.
Our Loan Process
We appreciate the hassle small business investors have to undergo before being funded. Without collateral, it is impossible to get funding from traditional lenders. Our packages are designed to make the business loan application and processing as smooth as possible. Our eligibility terms are easy to achieve; we need your NRIC card, latest business profile, corporate bank statements for the last 6 months, certificate of incorporation, current ACRA printout, tenancy contract, P&L statement and proof of assets.
All these are readily available and once you supply them, a loan assistant will get back to you after approval. We disburse cash on the spot after you signed the loan agreement with us. Our flexible payment schedule makes our loans the best to jumpstart your business. We customize our loans to ensure stress free repayment.
Whether you are expanding or you are facing a cash flow problem during an emergency, our Small Business Loan Singapore product is the best. Get in touch with our team and cushion your investment against any cash flow limitations.