Compare ALL business finance options in Singapore - not just one lender. Expert comparison of major financing solutions.
Don't waste time applying to the wrong lenders. Get matched with pre-qualified options based on your specific situation.
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Most businesses make a costly mistake: they apply to just one lender (often whoever has the flashiest ads). This leads to:
Singapore has multiple business lenders, each with different:
5.5% - 45% APR range
Credit score, turnover, industry
Same day to 8+ weeks
$5K to $50M+
Equipment purchase, expansion, acquisition
5.5% - 18% (varies by lender/risk)
1-7 years typically
Fixed monthly payments, set interest rate, ideal for specific purchases or investments.
| Lender | Min/Max Amount | Rate Range | Key Feature |
|---|---|---|---|
| DBS Business | $10K - $3M | 5.5% - 12% | Relationship rates |
| UOB Business | $5K - $5M | 6% - 13% | Fast pre-approval |
| OCBC Business | $10K - $10M | 5.8% - 14% | Industry specialists |
| Funding Societies | $25K - $1M | 12% - 25% | P2P lending platform |
| Validus | $30K - $500K | 12% - 20% | Data-driven lending |
Cash flow gaps, seasonal businesses
8% - 22% (only pay when used)
$5K - $500K typically
Flexible credit line - only pay interest when you use it. Perfect for managing cash flow fluctuations.
B2B businesses with 30-90 day payment terms
80-95% of invoice value
1-5% of invoice value
Get paid immediately instead of waiting 30-90 days for customers to pay invoices.
Vehicles, machinery, IT equipment
6% - 15% (equipment as security)
Up to 100% of equipment value
Equipment serves as security, enabling competitive rates and 100% financing options.
Import/export businesses
Letters of credit, documentary collections
Multi-currency support
Specialized financing for international trade transactions.
Retail, hospitality, urgent funding
24-48 hours approval
15-45% APR equivalent
Fast funding based on card sales history. Repaid as percentage of daily card sales.
MCAs are expensive but fast. Only use for genuine emergencies when no other options available.
| Bank | Min Amount | Rate From | Approval Time | Pros | Cons |
|---|---|---|---|---|---|
| DBS Business Banking | $10,000 | 5.5% | 2-6 weeks | Lowest rates for qualified borrowers | Strict criteria, slow process |
| UOB Business Banking | $10,000 | 6.0% | 1-4 weeks | BizMoney for startups, digital platform | Requires banking relationship |
| OCBC Business Banking | $10,000 | 5.8% | 2-5 weeks | Strong business focus, industry knowledge | Conservative lending approach |
| OCBC | $10,000 | 5.7% | 2-6 weeks | Competitive rates, good service | Slow decision process |
Best For: Established businesses with strong financials, lower rates, long-term relationships
Typical Requirements: 2+ years trading, $500K+ turnover, good credit history
| Bank | Min Amount | Rate From | Approval Time | Specialty |
|---|---|---|---|---|
| Maybank | $5,000 | 6.5% | 1-3 weeks | Singapore bank, competitive rates |
| Standard Chartered | $50,000 | 6.8% | 2-4 weeks | International banking, business focus |
| CIMB Bank | $50,000 | 9.88% | 2-3 weeks | BizGrow loan program, SME specialist |
| Lender | Min Amount | Rate From | Approval Time | Specialty |
|---|---|---|---|---|
| CapitalMatch | $50,000 | 10% | 5-7 days | SME marketplace lending |
| Invoice Interchange | $25,000 | 14% | 2-5 days | Invoice financing specialist |
| QuickFund Asia | $25,000 | 15% | Same day | Fast approval, working capital |
| Lender | Min Amount | Rate From | Approval Time | Key Feature |
|---|---|---|---|---|
| Bizcap Singapore | $50,000 | 15% | 24 hours | Online platform, fast funding |
| LendingSpace | $30,000 | 19% | 48 hours | Revenue-based lending |
| Funding Societies Express | $25,000 | 18% | Same day | Express lending product |
Rates vary significantly based on your risk profile. Here's what determines your rate:
| Product | Rate Range | Why |
|---|---|---|
| Secured Term Loan | 5-12% | Security reduces risk |
| Unsecured Term Loan | 8-20% | Higher risk |
| Equipment Finance | 6-15% | Equipment as security |
| Invoice Finance | 2-8% | Short-term, low risk |
| Business Overdraft | 8-22% | Flexible, higher cost |
| Merchant Advance | 15-45% | High risk, fast funding |
Know your credit score, turnover, and what you can afford
Match your need to the most suitable finance type
Get all paperwork ready before applying
Start with most likely approvers, one at a time
Look beyond rates - consider fees and terms
2-3 years of profit & loss, balance sheet
Business and personal (last 2 years)
6-12 months business and personal
Use of funds, repayment plan
Personal ID, business registration
Calculate your potential loan repayments across different lenders and products.
Free consultation with our lending specialists
The main types include business loans, overdrafts, invoice finance, equipment finance, trade finance, merchant cash advances, and alternative funding options. Each serves different business needs and cash flow situations.
Consider your specific needs: working capital (overdraft/invoice finance), equipment purchases (equipment finance), expansion (business loans), or urgent cash flow (merchant advances). Compare rates, terms, and eligibility across multiple lenders.
Banks typically offer lower rates but stricter criteria and slower approval. Alternative lenders provide faster decisions, more flexible criteria, but often at higher rates. The choice depends on your urgency and qualification profile.
Approval times vary significantly: Banks (2-8 weeks), non-bank lenders (3-7 days), alternative lenders (24-48 hours), merchant cash advances (same day). Faster usually means higher cost.
Key factors include: trading history, annual turnover, credit score, security offered, industry type, loan purpose, and lender type. Established businesses with strong financials get the best rates.
Brokers can save time by matching you with suitable lenders and handling applications, often at no cost to you (they're paid by lenders). However, direct applications might get you better rates with some lenders.
Don't waste time with the wrong lenders. Get matched with 3-5 pre-qualified options.
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