A business loan in Singapore is also often referred to as a bridging loan. This type of loan is to offer you instant cash loan to meet challenges of running and growing a business such as finance company growth, purchase new premises and machineries or pay employees’ salary and bonuses. As you will need to borrow money fast, you may not have the time to jump through endless hoops at the banks before being finally rejected.
Rarely a great business opportunity will present itself, and you would not want to lose this chance to reap a good profit. In such a case, you can turn to a licensed money lender in Singapore for a commercial loan. The short-term repayment duration ranges from daily, weekly, bi-weekly/bi-monthly to monthly repayment. Flexible repayment scheme can be arranged depending on the financial situation of your company.