Business Loans

Business Loans

AutoMoneyBack can help your business maximise its full potential by helping you secure the best business or SME loans in Singapore.

Micro Loans

For loan amount $100,000 and below, your company can apply for a micro loan to finance your expenses.

Micro Loan criteria
– Company has to be established for more than 3 years, and the turnover for the company should be $350k (minimum).

Documents required for Micro Loan application

  • 1 year financial statement
  • Latest 6 months bank statements
  • Latest NOA of all directors
  • NRIC copies of all directors
Bridging Loans

Bridging loan is for companies that are applying for loan amount above $100,000 to a maximum of $2,000,000.

Bridging Loan criteria
– Company has to be established for more than 3 years, and the turnover for the company must be more than $350k.

Documents required for Bridging Loan application

  • 3 years financial statements
  • Latest 6 months bank statements
  • Latest 2 years NOAs of all directors
  • NRIC copies of all directors
Business Installment Loans

The Business Installment Loan is for companies that are applying for loan amount above $100,000 to a maximum of $2,000,000.. It is advisable for companies that have made losses to apply for a business installment loan, instead of a bridging loan.

Business Installment Loan criteria

– Company has to be established for more than 3 years and the turnover for the company must be more than $350k.

Documents required for Business Installment Loan application

  • Latest 6 months bank statements
  • NRIC copies of all directors
Express Trade Facilities

Your company can apply for a trade related working capital loan for the following

  • Letters of Credits (LC)
  • Invoice Financing (Factoring)
  • Shipping Guarantees
  • Overdrafts (OD)
  • Short Term Loans
  • FX and Remittances
  • Cross-straits Financing
  • Various Government Schemes

Express Trade Facilities criteria
– offers businesses packaged trade facilities with a quick turnaround time.

  • Credit lines of up to 10 times the amount of security provided
  • Guaranteed LC issuance / Notice of discrepancies by 9am the following working day
  • Late cut-off time of 6pm for import/export documents submission
  • Loan quantum of up to $1,500,000

Documents required for Express Trade Facilities

  • 3 years financial statements
  • Latest 6 months bank statements
  • Latest 6 months debtors aging list
  • Latest 6 months creditors aging list
  • Latest 2 years NOAs of all directors
  • NRIC copies of all directors
Guideline

To check if your company is eligible for a certain loan amount, you can calculate using the debt-servicing ratio below.

The debt-servicing ratio:

Monthly commitment of company + Monthly commitment of director

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Monthly income of co. + Monthly income of director

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