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SME Working Up Capital Loan
An easy, collateral-free loan.
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It is the most common form of financing that allows businesses to obtain financing without collateral. Almost any business need can be met with them, from working capital to equipment purchases. A government assisted financing loan under the Enterprise Financing Scheme (EFS-WCL). The WCL is meant to help SMEs finance operational cashflow needs.
Designed for Small Businesses & Startups
LOW INTEREST RATES
As low as 4.5% p.a.
Subject to credit assessment
HIGH TENOR
Up to 60 months
Subject to credit assessment
HIGH LOAN AMOUNT
Up to $500,000
Subject to credit assessment
EXTENSIVE NETWORK LENDERS
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and more
Explore Our Other Loan Services
BUSINESS TERM LOAN
A business term loan is a type of commercial loan provided by a financial institution to a business entity for a fixed period, typically ranging from one to ten years. It involves a lump-sum amount of money lent to the business, which is then repaid with interest through regular installments over the agreed-upon term. Term loans are often used to finance various business needs, such as expansion, equipment purchase, working capital, or other long-term investments, and they are typically structured with a predetermined interest rate and repayment schedule.
INVOICE FINANCING
Invoice financing, also known as accounts receivable financing or factoring, is a financial arrangement where a business sells its outstanding invoices to a third-party financial institution (often a factoring company) at a discounted rate. This provides the business with immediate cash flow, as they receive a portion of the invoice amount upfront, while the financing company assumes responsibility for collecting the full invoice amount from the customers. Once the customers pay the invoice, the financing company releases the remaining balance to the business, minus a fee. Invoice financing helps companies access working capital and manage their cash flow more effectively.
PROPERTY-BACKED LOAN
A property-backed loan, often referred to as a secured loan or collateralized loan, is a type of loan in which the borrower pledges an asset, typically real estate, as collateral to secure the loan. If the borrower fails to repay the loan according to the agreed terms, the lender can seize and sell the pledged property to recover the outstanding debt. This collateral minimizes the lender's risk, allowing them to offer lower interest rates and larger loan amounts compared to unsecured loans, making property-backed loans a common choice for individuals and businesses seeking financing while leveraging their valuable assets as security.
PROPERTY REFINANCING
Property refinancing is the process of obtaining a new loan or mortgage to replace an existing one on a property, often with the aim of securing better terms or taking advantage of improved financial conditions. It typically involves paying off the current loan using the funds from the new loan, which can result in lower interest rates, extended loan terms, or accessing equity in the property. Property owners may refinance to reduce monthly payments, consolidate debts, finance home improvements, or capitalize on increased property values.
