UOB Temporary Bridging Loan
UOB’s Temporary Bridging Loan is an initiative between the Singapore Government and UOB to help SME’s and Businesses in Singapore. This product is for businesses that have been registered in Singapore and are operating with at least 30% Singaporean or Permanent Resident shareholding.
The Temporary Bridging Loan can stretch up to 5 years. The interest rate is largely similar to the Working Capital Loan at 3%
|UOB Working Capital Loans|
|Principle Sum||Effective Interest||Loan Tenure (Years)||Monthly Installment|
|No Early Repayment Penalty|
*IMPORTANT NOTE* - The above amounts are obtained from a loan amortization calculation by Equity Capital Solution. The figures above are subject to change and might not be identical with the actual offer by UOB.
The application process is quick and easy, documentation required includes 6 months bank statements and financials of the company as well as identification copies of the guarantors.
The loan can also be paid off at any time and the interest recalculated to the day of payment. This means that business owners who are looking for financing for projects can pay off the loan when the project has been completed.
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 temporary bridging loan in Singapore?
Working Capital Loans 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.