Getting a business loan in Singapore is no easy feat. There are a few requirements you have to fulfil.At least six months since your business has been incorporatedGovernment-assisted Financing only for businesses registered and present in Singapore with 30% owned by Singaporeans/PRsFirstly, Providers typically require your business to be around for at least six months to qualify.
With so many hoops to jump through, not every SME is able to successfully obtain a loan to tide through the difficult times.Oxprop Captial is a money lending company that specialises in property-centric loans with a proven track record, having disbursed over S$100 million worth of loans so far.
It’s a simple method to free up extra cash at a low current mortgage interest rate, allowing you to expand your investment portfolio, establish a business, or deal with a financial emergency. Alternatively, if you do not have a house that is fully paid for, you can choose to have a term loan. Term and home equity loans usually have tenures of around 5-30 years, depending on the lender and its repayment options.Unlike traditional business loans that take a few months to process, Oxprop Capital has a relatively quick processing time of 1-2 weeks, depending on your situation.
Some people in Singapore might want to establish themselves by securing a house before going for their long-term goals to be business owners. However, with a lack of capital after paying for their home, they have to choose to forgo their dreams since most of their net worth is tied to their house. If you have a projected period you’ll have to pull through before your business starts making profits again, and you have no way to get a business loan from a bank, OxProp’s property-backed loan can reallocate your property’s value to the loan, letting you have sufficient cash flow during these tough times.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: IndependentSG - 🏆 2. / 72 اقرأ أكثر »