DBS SME Micro Loan
The DBS Micro Loan is a joint initiative by the Singapore Government and DBS. It allows businesses who are starting to grow to obtain working capital for cashflow or for business expansion.
The DBS 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 DBS Working Capital Loan or Temporary Bridging loan for greater funds.
About DBS in Singapore
The Development Bank of Singapore Limited (“DBS”) is a Singaporean bank with presence in multiple nations. This financial services corporation has headquarters in Marina Bay Financial Tower 3. The bank was set up by the Singaporean government in 1968. With more than 100 branches island-wide, DBS Bank is the largest bank in South East Asia by assets.
As at 31 Dec 2017, DBS has total assets of S$518 billion with operations in 17 markets.
2 Bayfront Ave, #01-30 The Shoppes at, Marina Bay Sands, Singapore 018972
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 DBS’s Micro Loans in Singapore?
Obtaining the DBS’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.