SCB SME Micro Loan
The SCB Micro Loan is a joint initiative by the Singapore Government and SCB. It allows businesses who are starting to grow to obtain working capital for cashflow or for business expansion.
The SCB 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 SCB Working Capital Loan or Temporary Bridging loan for greater funds.
About SCB in Singapore
Standard Chartered in a British Multinational banking and financial services company with headquarters in London. It has a presence across more than 70 countries and is a universal bank with operations in consumer banking, corporate banking and instituitional banking. Standard Chartered is listed on the Hong Kong Stock Exchange and the National Stock Exchange of India.
It was founded as Charted Bank of India, Australia and China on December 29th 1853 and was renamed to Standard Chartered after a merger in 1969, Standard Chartered had a market capitalization of approximately 24.4 billion pounds as of 4th April 2017.
6 Battery Rd, Singapore 049909
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 SCB’s Micro Loans in Singapore?
Obtaining the SCB’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.