A large number of businesses in Singapore are small and medium enterprises (SME). Though individually their revenues may not be very high, together they contribute a significant amount towards the GDP of Singapore and its growth annually. However, running a business is not easy, since a large amount of investment is usually required. Additionally, the customers may delay their payment due to the business, while suppliers may create problems or impose penalties if the payment to them is not made on time. Hence many business owners are looking for a reliable business loan moneylender Singapore who can offer them a loan at a reasonable rate and will approve the loan quickly.
Due to a recession or other reason, many businesses find that their customers are not paying them on time, causing cash flow problems. Hence the business will not be able to pay expenses due or make an investment as planned. This can result in penalties and adversely affect business growth. The business may require a business loan for a variety of reasons like
– salary payment to employees
– payment to suppliers and service providers
– advance for orders placed
– repairs to machinery and equipment
– investment for a new project
Money lending services
While there are a large number of banks and other conventional lenders, it is often difficult for a small business to get their loan application approved, since the bank may consider the borrower risky. Additionally the time taken for processing the loan application is more, and the business cannot wait for long. Hence it is advisable to take a business loan from a reputed licensed moneylender in Singapore like Aerocredit who will process the loan application quickly so that the business can access the funds they require fast. Aerocredit has helped a large number of SMEs offering them business loans
Since the business loan is typically larger than a personal loan, Aerocredit will require some additional information and collateral in some cases. Typically for a short term business loan, for a few months, the amount will be less and a credit check will be conducted before approval. For a larger project for which more investment is required, Aerocredit, may also check the financial records of the company and feasibility of the project, so that they can gauge the risk involved. In some cases, the business may have to provide collateral before getting the loan.
In Singapore, all moneylenders are regulated and Aerocredit.sg is registered with the Registrar of Moneylenders in Singapore. It is one of the most reputed moneylenders in Singapore and has helped businesses of all sizes in Singapore, get the funding they urgently require. The staff is well trained, professional, and treat all the customers courteously. The terms and conditions for the loans are flexible, and all information is kept confidential. For more information on getting a business loan, businesses can contact on the phone, whats-app, or using the online form. In the online form, they should specify whether they should be contacted on the phone or email by the Aerocredit staff.