UOB SME Micro Loan
The UOB Micro Loan is a joint initiative by the Singapore Government and UOB. It allows businesses who are starting to grow to obtain working capital for cashflow or for business expansion.
The UOB 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 UOB Working Capital Loan or Temporary Bridging loan for greater funds.
About UOB in Singapore
UOB bank is a multinational banking organization based in Singapore. Founded in 1935 by Wee Kheng Chiang, the bank provides commercial and corporate banking, personal financial services and other financial related services such as management of assets and private banking. UOB has 68 branches in Singapore (as of May 2020) and a network of over 500 offices spanning 19 countries worldwide.
In 2002, UOB started expanding into China by opening a full service branch office located in Shanghai and performing an upgrade of its office in Beijing to a full service branch.
#01-16 Raffles Place, L1 No. 1, Singapore 048616
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 UOB’s Micro Loans in Singapore?
Obtaining the UOB’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.