Business Loan in Singapore —
Running a business means solving problems every day. But a cash flow gap does not care how capable you are. The supplier invoice is due Friday. Payroll is due next week. The bank wants two to three years of audited financials. Your business is growing faster than its paper trail. Or the bank has the paperwork and still said no because your revenue is below their threshold. Swift Credit assesses what your business earns now — its current cash flow, its profitability, and the standing of the directors. Not how long ago you registered.
A new company is not a bad company. Banks use age as a shortcut because they assess thousands of applications a month. We assess yours now.
Cover salaries when client payments arrive late
Buy stock before a sale cycle or peak season
Fund tools, machinery, or hardware your business needs now
Upgrade your premises without emptying your operating account
Renew business licenses, certifications, and annual fees
Cover unexpected costs before they become business-stopping
Pay suppliers on time and protect your trade relationships
Keep operations running between revenue cycles
Your borrowing limit is assessed based on your business revenue, director profile, and existing MLCB loans. The table below is a general guide. Your exact offer is confirmed at the assessment stage before you visit our office.
Every licensed moneylender in Singapore must follow these exact caps. No exceptions.
A worked example so you know exactly what to expect.
Your repayments reduce the outstanding principal each month. Interest is calculated only on what you still owe — not the original sum. We walk through this calculation with you before you sign.
Start your application instantly using Singpass MyInfo or speak directly with our team for quick assistance. Fast approval, clear terms, and no hidden steps.
Company Documents:
Director Documents:
Additional (if applicable):
If you apply via Singpass MyInfo, your personal identity details are pulled automatically from government records. You will not need to manually submit your NRIC. Business financial documents are still required and can be uploaded or brought to our office.
Join over 10,000 clients who have experienced the Swift difference in Bugis.
Takes 2 minutes. No paperwork required at this stage. Your data will be automatically extracted from the Government database. Fill in the remaining information required and submit it to us.
Our team reviews your application and contacts you. We confirm what you qualify for before you visit. If you do not qualify, we tell you at this stage. You do not travel to us for an uncertain outcome.
MinLaw requires all loan agreements to be signed in person at our registered office. This protects you. We walk through the full contract before you sign. You know the interest rate, the monthly repayment, and the total cost before your pen touches the paper. You can walk away at any point at no cost. Funds are disbursed to you the same day after signing.
Start your application now using Singpass MyInfo, or contact us directly for assistance.
Swift Credit has been MinLaw-licensed since 2009. Business loan assessments are conducted by the same team that handles personal loans — directly, transparently, and without unnecessary delay.
Yes. Swift Credit does not impose a minimum company age. We assess your current revenue, cash flow, and the financial standing of the directors. A six-month-old business with consistent income and a director with a clean MLCB record can qualify. What matters is whether the business can support repayment today.
You need your latest ACRA business profile, corporate bank statements for the past 3 to 6 months, a profit and loss statement, and a balance sheet. The director or directors applying must provide their NRIC or valid passport and work pass. If you apply via Singpass MyInfo, your personal identity details are retrieved automatically — business financial documents are still required and can be brought to the office appointment.
Yes. All directors and shareholders are required to provide identity documents. Each director’s MLCB record is checked to assess existing licensed moneylender obligations. The personal financial standing of the directors is considered alongside the business assessment. This is standard practice for business loan applications at licensed moneylenders.
The assessment is based on the director’s personal income under MinLaw’s unsecured loan framework, alongside the business’s cash flow and profitability. The MinLaw borrowing limit applies to the individual director, not to the company’s revenue. A business with strong revenue but a director earning SGD 4,000 per month is still assessed against that director’s personal income cap. We confirm the exact amount you qualify for before you visit our office.
Sole proprietors with a valid ACRA-registered business can apply under the business loan framework. Freelancers without a registered business entity should consider our personal loan instead — business loans require a registered company or sole proprietorship structure.
The Singpass application takes under 5 minutes. Assessment typically happens within the same business day. If your application qualifies and your documents are complete, funds are disbursed the same day you sign at our office.
No. MinLaw caps the interest rate at 4% per month on the reducing balance for all loan types including business loans. The same admin fee cap (10% of principal, one-time) and late fee cap (SGD 60 per month) apply. No licensed moneylender in Singapore can charge above these limits regardless of the loan type.
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