CIMB Business First Loan
CIMB offers the Business First Loan, a groundbreaking initiative by CIMB to support newly incorporated startups. New businesses that are not able to obtain financing because they do not meet the mandatory incorporation length can apply for the Business First Loan.
Businesses just need to be registered and Incorporated in Singapore, and only 1 month latest bank statements are required together with identification documentation.
Loan Amounts can range from between S$20,000 – S$100,000 with a tenure from between 1 to 4 years available.
Other Criteria for the Business First Loan includes the following
- Must not be older than 3 years old
- Must not have more than 10 employees or a S$1 million in annual turnover
- Must have at least 30% of shares held by a Singapore Citizen or PR
- Must have at least one guarantor who is Singaporean or Singapore PR between the ages 21 and 62
About CIMB in Singapore
CIMB Group Holdings Berhad is a Malaysian bank with headquarters in Kuala Lumpur. CIMB has a retail branch network with over 1080 branches across the region.
CIMB employs over 40,000 people located in 18 countries who cover the ASEAN region and other major global financial centres. A full service bank, it has activities in consumer banking, wholesale banking and other banking areas and its core markets include Malaysia, Indonesia, Singapore and Thailand.
CIMB has a dual banking model and operates Islamic banking through CIMB Islamic.
CIMB group’s presence is also complemented by partnerships including Dawewoo securities and others.
50 Raffles Place #01-02. Singapore Land Tower Singapore 048623
Equity is a online business financing resource in Singapore. We provide free and easily accessible information on business loans in Singapore. We have extensive experience structuring both bespoke and turnkey financing solutions for both Singapore and companies overseas. Let us find you a financing solution quickly, easily and at a low cost.
What is the Criteria to obtain CIMB Business First Loan in Singapore?
Obtaining the CIMB Business First Loan can be tricky, often than not, the business owner is an expert in all things related to his business. However, when it comes to financing, SME’s are unfamiliar navigating the different criteria and other requirements that the banks require.
Equity Capital Solutions cuts through the red tape quickly and easily. With our experienced loan specialists, the application is quick and simple and we do all the work between you and the banks. Upon an enquiry, we usually respond within 3-4 hours, so you can obtain financing quickly and easily.
The Advantage of using Equity Capital Services
Equity Capital Solutions Can help apply for a business loan for you with all banks in Singapore. With our qualified specialists, the application is quick and simple and we do all the work between you and the banks. Upon an enquiry, we usually respond within 3-4 hours, so you can obtain financing quickly and easily.
How It Works
- Make a Free Enquiry.
- An Equity financing specialist will reach out to you for some simple details.
- We work together with you for the documentation.
- You relax and we do the heavy lifting for you.
- We contact you when its approved for signing down the loan.