Entrepreneurship Loan in Singapore
Starting a new business in Singapore is one of the best decisions one can get involved in. Singapore remains one of the cities that encourages technological advancements and, even more importantly, startups.
It is ranked amongst the top 12 countries with increasing startups.
From 2003 to 2016, businesses have increased 22,000 to over 46,000. That figure is a convincing fact that Singapore is an ideal destination for businesses to set up.
As a person blessed with a business idea, you’d soon realize that the process of starting it is tedious. It involves much conscious planning.
More importantly, it requires you to have sufficient funds to see it through. If you do not have the necessary funds to start your business, requesting for a loan is the next best thing.
Entrepreneurship loans are generally granted to entrepreneurs to start up or take their business to the next level. Most of these business loans are best suited to cover some of your pressing needs, which includes:
• Renting a space.
Renting an office or business space is really on the high side. Your cash at hand may not cover for it. Even if it does, you still require more funds to take care of other needs.
• Purchasing the necessary equipment.
Your business, most likely, will require equipment that will help generate revenue in the long run. This equipment, depending on what you’re after, can be pricey. You’d need a loan to settle for it.
• Bill payments.
You may require funds to pay for the goods you want to be supplied to your business. If it’s a matter of urgency, you need a business loan.
This is perhaps a vital aspect of startups. You need people to patronize your business. This requires advert placements and business promotions. This, in turn, requires funds to boosts the awareness your business needs.
If you’re planning to expand your businesses, it involves a certain level of financial strength. If you do not possess the necessary for such, a loan will suffice.
For needs like these, you need a loan. Moreover, you may likely approach a bank for support. The reality is that banks take a longer time to process your loan request. In some cases, they may not grant you the loan at all. Hence, turning to a bank may not be ideal.
However, you can request for loans from Singapore licensed moneylenders.
Here at On Line Credit, we pride ourselves in being one of the best-licensed moneylenders in Singapore. We have a vast clientele of entrepreneurs who have received loans from us. So you can, too.
We have various loan types tailored to your individualized needs, and you can get your business running in no time. Our loans come with flexible repayment plans that will be convenient for you and your business.
We are staffed with professionals who are eager to address any concerns you may have. By filling and submitting the online form below, we’ll get back to you shortly to process your request.