Citibank SME Micro Loan
The Citibank Micro Loan is a joint initiative by the Singapore Government and Citibank. It allows businesses who are starting to grow to obtain working capital for cashflow or for business expansion.
The Citibank Micro Loan provides for loans up to S$100,000 with a tenure of 4 years. There is no early repayment penalty so this makes this attractive for SME’s and Businesses in Singapore. Businesses have to be incorporated in Singapore and be operating for at least 6 months.
The low interest rate allows SME’s and Businesses to utilize this financing product to thrive and grow. Should Businesses require greater loan amounts, they can look towards the Citibank Working Capital Loan or Temporary Bridging loan for greater funds.
About Citibank in Singapore
Citibank is the consumer division of financial services MNC Citigroup. The bank has 2,649 branches in 19 countries around the world including Singapore.
In the 1980s, Citibank was the first bank in Singapore to popularize the use of ATMS. Citibank Singapore established its Global Consumer Banking division in 1982 for the needs of individuals and small businesses.
In June 2004, Citibank incorporated a wholly owned subsidiary of Citigroup in Singapore called Citibank Singapore Limited
CitiBusiness Singapore Is the unit that serves SMEs in Singapore and was launched in 2005.
Address:
8 Marina View Asia Square Tower 1, #21-00 Singapore 01896
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 Citibank’s Micro Loans in Singapore?
Obtaining the Citibank’s Micro 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 Can help cut 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.
