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SIMPLE & SECURE LOAN SERVICES

Obtain Business Financing Swiftly, With A Straightforward And Hassle-Free Process.

Over 20 banks offer business loans, providing financing of up to $1 million, each with varying credit criteria and interest rates. Prevent the possibility of your business term loan application being declined, as reapplying with the same bank is restricted for the next few months. Optimize your loan applications by identifying potential issues that could lead to rejection. Save time by avoiding the tedious task of individually researching and reviewing business loans from multiple banks. Utilize our complimentary loan assessment tool to instantly compare your top business term loan options!

Types Of Business Loans

1. Business Term Loan / Working Capital Loan

SME Working Capital Loan was introduced to assist local enterprises in obtaining unsecured working capital financing. This loan aims to support businesses in meeting their day-to-day operational cash flow requirements.

2. Factoring / Invoice Financing

Utilizing factoring loans can be a valuable resource for businesses seeking funds based on their receivables. Convert your invoices into cash and receive as much as 90% of their total value.

3. Collateralised Loans / Asset-Backed Loans

Companies possessing assets such as properties or equipment can utilize them to secure working capital for their daily operational requirements. Using assets as collateral enables companies to secure a higher loan amount compared to unsecured loans, and various financing options can be explored based on your business needs.

4. Trade Financing

Trade financing is a renewable credit facility employed for import financing or purchase financing. Businesses can make use of their trade financing credit lines to fund their imports or purchases with credit terms provided by banks. This enhances the working capital and cash flow within the trade cycle.

Easily Evaluate Top Business Loans In 3 Simple Steps

Begin the process by submitting your business loan request, this will allow us to understand your needs comprehensively.

Upon receiving the necessary information, we will promptly reach out to you. Our response time is typically less than a day!

Receive your funds to support your business needs!

Business Loans FAQ

Yes, you can. However, securing your desired financing amount may be more challenging. Many financial institutions in Singapore prefer lending to companies with at least 12 months of operation to assess their financial track records. Despite this, we collaborate with some lenders specializing in providing small, short-term unsecured loans for new companies. Alternatively, if you can pledge collateral such as properties, business financing can be more easily obtained.

We take your privacy seriously. Your contact details (company name, director’s name, number, etc) are only shared with interested relationship managers handling your business loan request.

Unfortunately, no. Currently, Lendy exclusively operates in Singapore and collaborates only with financial institutions with local operations. Most of these institutions can only support locally incorporated SMEs. However, expansion plans into other countries are on our agenda for the near future.

  • The required documents are standard across most banks and lenders and include the following:
  • Past 6 months’ bank statements
  • Financial statements for the past 2 years (Management Accounts are acceptable)
  • CBS report for the guarantor(s)
  • Personal Notice of Assessment for the 2 latest years for the guarantor(s)

Non-bank lenders can process applications in a shorter timeframe, often within 1 to 7 days. In contrast, bank applications may take up to 1 month due to a more extended assessment period.

LENDY offers professional advice tailored to your company’s situation. We provide industry-specific guidance to enhance sales and reduce expenses, ultimately benefiting your company. Our extensive network allows us to assist with various finance facilities tailored to different industries

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Unlock Your Financial Potential!

Are you prepared to move closer to your financial objectives? Delve into our tailored loan solutions to secure your future effortlessly.

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