MPM Capital stands out by offering business owners real financing solutions that helps with cash flow and business expansions. Time is money. With flexible loan packages and fast processing speed, you gain more opportunities, increase liquidity and capture greater market share.
We offer low and competitive fees. You are not charged until your loan is approved. Easily find out about our financing programmes at no cost. Growing your business should never come with a high price tag.
We approve bigger loans for most of the industries in Singapore. The simple logic being with greater cash flow and liquidity, our borrowers will be able to generate higher returns.
We consider the situation of each borrower carefully. We are empathetic while we evaluate the potential and outlook of the business. We take pride in making sure that you get the loan you need.
Get your funding within 24 hours should your loan is approved. With our large paid-up capital, we can. Build stronger relationships with your customers and acquire more market share.
If you are facing cash flow issues or seeking business expansion, you can apply for our financing solutions through our quick and easy online application form. We promise no hidden fees and a hassle-free application process. Trust our process.
With us, you will never need to delay your business plans or keep any customer waiting. Time is precious. With our large loan funding, here’s a few things you can use it for:
Rather than generic loan packages, MPM Capital offers unique and specialized programmes. We research and design each business loan specially for the industry. Offering low interest rates and quick loan processes, we help you get ahead of competitors or tide through difficult times.
Raising more funds for your company or planning to make a business expansion? Looking around to find a financial institution in Singapore that can grant SME business loans of up to $2 million in under 24 hours?
We have only basic business requirements that is prior to handing out business loans to you. Our only criteria is that we look at how much revenue your business is making on a yearly basis, and also how long you have been running your business. Compared to local banks and many other financial institutions in Singapore which have long, tedious loan approval process that can take up to months, we offer fast and flexible business loans to our valued clients.
We understand that securing funds for a small or medium-sized business in Singapore is not easy. Our highly competitive economy largely favors established businesses over smaller SMEs, making the whole process of securing funding almost impossible. To make matters worse, the journey for businesses in Singapore have not been made rosy by the endless economic slowdown and global uncertainties. It can be quite difficult to secure a sum for opportunities or to resolve problems.
That is why at MPM Capital, we wish to change this paradigm. We know businesses, especially SMEs in Singapore, are worth the investment since they are the backbone of every nation. Most notably, we believe in the individuals managing these ventures, that they have what it takes to be successful and that all they require is someone to have faith in them and help them develop.
While many banks are hesitant to offer small business loans in Singapore, mostly because of the risks associated with them, we are willing to provide funding with minimal hassle. We offer affordable business loans in Singapore. We are supportive of SMEs and you can pay off our business term loan over short/long term, whichever is the best option for you.
We have been offering business loans in Singapore for many years and we know most SMEs do not make the grade for traditional bank loans. Our main objective is to help them survive the tough economic environment regardless of the banks’ viewpoint. We have streamlined and simplified our loan process and businesses are always guaranteed of funding as long as they have the few required documents with them. No matter the situation, we want the best for our clients.
Rather than going through the long application process for banks which might not even be fruitful at the end, contact us and we are always here to help. To qualify for our business loan in Singapore, simply complete the simple online application and email/fax the following details to us:
Upon verification, your business loan request will be accepted and we will contact you immediately so as to not delay the processing to you. We target to serve you at the quickest time possible.
If you are hesitant about taking a loan in Singapore or unsure if business loans are necessary, let us evaluate for you. Our assessment is based on our years of experience and feedback from the SMEs that we have helped.
If your venture is doing well, you may opt to expand by branching out or by opening new outlets. It could be new outlets at different locations or a bigger store to reach a wider audience or to gain larger market share. Unless you have been saving money for this very purpose, you should consider taking a business loan. Expanding your business in Singapore is great but it should not disrupt your company’s finances too much. With a business loan, the funds can help you purchase or rent a commercial space, employ new employees, or buy new stock. Business loans will allow you to secure more funds, meaning that your expansion plans will not meddle with the existing branch’s operations or profits.
One of the common reasons companies in Singapore fail is because they neglected marketing. They focused more on other aspects and did not deem marketing as a priority. However, one must understand that marketing is more than just doing sales.
In today’s world, especially in tech-savvy Singapore, marketing is actually one of the most important cores in the company, touching on a business’s direction, branding, product and business strategies. Sometimes, a good marketing campaign will require a huge budget. From researching to planning to executing, it is not wise to cut down too much on marketing costs which will affect the business in the long run. Therefore, consider applying for a Singapore business loan to help you boost your marketing strategies. With a good source of funding, you will have the resources to generate a strong marketing campaign that can help you achieve excellent results which will subsequently translate into larger profits.
For any business wishing to keep up with competition in Singapore, there is a need to have the necessary equipment and be up-to-date with the current technology. It is important not to fall behind your competitors and have enough resources for your research and logistics. A small business loan can help you purchase the latest equipment and thus improve your product and service executions.
In order to make the most out of your Singapore business loan, it is essential to carefully evaluate your past, present and future state. As a matter of fact, this will give you an opportunity to find out exactly how much you require to expand your venture. Remember not to borrow in excess as this will present you an extra repayment burden, which is completely pointless.
While there are many Singapore business loan providers, our loan products stand out. We truly care for our clients and only want the best for them. The following are some good reasons why you should choose us to get your business loan in Singapore:
Easy Application And Processing
After you have provided all the required details, our team will contact you and schedule a meeting to complete the application process. Once you have checked through and signed the loan agreement, the funds will be reimbursed to you on the spot. It’s that simple!
Flexible Loan Products
We understand every business is unique. Our team will discuss the options available so as to offer a personalized Singapore business loan which suits your needs.
Flexible Payment Schedule
We have designed our loan products in a way that makes it easier for businesses to pay back. Our Singapore business loan interest rates are way lower compared to the ones offered by typical lending institutions, with reasonable repayment schedules.
No long waiting hours or processing time for business loans. We understand the importance of time and that good opportunities don’t come by often. We offer fast disbursement services as long as you have met our few simple criteria and we would never want to keep you waiting.
Excellent Customer Service
Our knowledgeable and friendly team is always ready to respond to any issues concerning the loan application process or terms of agreement.
Banks Say No, We Say Yes!
Many banks in Singapore may be hesitant just to even have a sit down with you. Do not worry. At MPM Capital, we recognize the bittersweet journey of Singaporean entrepreneurs and that is why we are always ready to support their businesses with alternative financing.
Simply contact us for business loans and we will be glad to schedule an appointment where we can talk about your needs and your possibility of getting a loan.
We encourage both responsible borrowing and responsible lending and would not want to put you in a position where you were overextended and could not make your loan payments without straining. Our simple requirements are as follows:
If you meet this criteria, simply get in touch with us and we will be happy to speak to you about the money you need.
Our SME business loans can be used for the following reasons among others:
1. Expanding Business Location
If you have outgrown the location you are currently operating from and need to find a bigger space, speak to us about taking out a loan to help with the costs that accompany that move. A bigger space can be in the form of finding an additional location or it could mean moving your premises altogether. In Singapore, you will need to consider the high upfront costs and also the change in overhead costs at the bigger facility. Remember that expanding your business location may help you reach a wider target audience or provide better services and increase your profits.
2. Equipment Purchase
If you need additional equipment to help you improve service delivery such as IT equipment, machinery and the like, you may need a loan to finance that. It is important to ensure that you get the equipment that you need, not just equipment that would be nice to have.
3. Purchase Inventory
In Singapore, most businesses find inventory purchases to be among their biggest expenses. Every small and medium sized business needs to ensure that they keep up with customer demands by ensuring that inventory is replenished in a timely fashion. To be successful, you will need top quality options in plenty. When you need to purchase inventory in large amounts (be it for expansion or to enjoy the benefits of economies of scale), we can offer you the cash to do so.
4. Take Advantage Of A Great Opportunity
Sometimes an opportunity presents itself and it may be too good to ignore. Whatever the opportunity may be, you will need to weigh its potential versus the potential of debt. Look at the return on investment by comparing the loan cost to the revenue you can generate from the deal. If the opportunity outweighs the debt, then you should definitely take out a loan to ensure that you take advantage of the opportunity.
When starting your business in the first year, chances are that you need to be carrying out a variety of roles to keep the company spending to the minimum. However, as the business continues to grow, you need to start finding other people to help you. It may be time to hire a bookkeeper, marketer, fundraiser and customer support. At this period, you may need to take out a SME business loan to hire specific talents to help increase your revenue. The rule of thumb is that if hiring this talent will increase how much you are making, then taking out a loan for recruitment purposes may pay off.
Of course, you can always speak to us if what you need the money for differs from the above. We are flexible and are always ready to hear from you and walk you through the loan process.
SME business loans are offered by more than twenty financial institutions and banks in Singapore. Rather than just impulsively jumping onto the institute that provides the lowest interest rates, you should look at the various offerings and settle on the best.
Carrying out a comparison of the terms of every financial institution that offers businesses loans in Singapore can be time consuming and frustrating. That is why we offer you a solution that allows you to quickly and easily assess SME loans in one minute!
By using our free loan assessment tool online, you are able to compare the various business loans that your business is able to qualify for. This will help you save time and it will make sure that you get the very best business loan offers that you are eligible for.
If you feel that your business growth is hampered by lack of capital, you can secure the future of your business by accessing the funds that you need to grow and expand the business. Feel free to try our business loan assessment tool now to immediately see the most suitable SME business loans in Singapore available to you.
Have you decided? Click here to apply for your desired business loan through our online form now, and we will get back to you within 2 hours time.
1. Credit Criteria
Some institutions are a lot stricter than others. The traditional banks in Singapore for example, have stringent guidelines that makes it very difficult for an SME to get funding without first meeting all their requirements. Other funding institutions like MPM Capital have easier credit criteria, meaning that chances of getting funding are higher.
Also, financial institutions in Singapore will definitely look at your credit score. Credit scores measures how likely you are to repay your debt and is affected by your previous or current debts and loans. If you have a poor credit score or poor repayment records, it is unlikely that banks will want to provide a loan or to even have a meeting with you. Here at MPM Capital, we are more than willing to have a chat with you, listen to your views and ideas and construct the best business loan plan just for you.
2. Interest Rates
Interest rates tend to be different in the various institutions in Singapore. This is important because it lets you know how much you will be paying above and beyond the principle amount. Find out what percentage the institutions in Singapore are charging and also look to see whether the interest rate is fixed or flexible.
3. Monthly Payments
If you have a fixed interest loan, then you will know exactly how much money you will be paying from month to month. This allows time for planning, which is great. If the rate is flexible, then you can expect that monthly figure to vary from month to month as the interest rate fluctuates. The business should be able to comfortably handle its monthly financial obligations and pay the loan without too much strain.
4. Loan Term
It is important to see how long it will take you to pay off the loan. Of course, it is better if the term is shorter because even though the monthly amount you pay will be higher, overall, you will pay less in interest. On the other hand, a longer term will give you respite in monthly payments, but you will pay more in interest.
5. The Total Amount
Always look at the bottom line to see how much you will owe when all is said and done. This figure usually includes the principle amount, the total you will pay in interest and the fees charged to process the loan. The loan that offers you the least amount owed is ideal provided that you can afford to make the monthly payments with ease.
6. Terms and Conditions
Be sure to read the fine print. In this section, you will be able to tell if there are any penalties for late repayments of the business loans. You will also be able to detect any hidden fees that may be covertly placed in the contract.
In Singapore, business loans are issued by several financial institutions and banks. Each offers different loan options, rates and criteria. With online resources, you can compare the interest rates and available loans for Startups, SMEs and MNCs.
An unsecured term loan is the most commonly taken capital loan. It consists of a lump principal amount sum typically ranging from $50,000 to $300,000 for each bank. This type of loan gets repaid through regular monthly installments that usually last between 3 and 5 years.
It is a financing scheme that is backed by the government. Since it got initially launched in Singapore in June 2016, it has undergone several enhancements within the 2020 Budget. SMEs in Singapore can get maximum financing of as much as $600,000.
SME Micro Loans help in funding small SMEs and startups that seek micro-financing of as much as $100,000 for companies that have less than ten employees and revenue that does not exceed $100,000.
It provides a revolving credit line that serves the purpose of financing the purchase of materials or inventory from suppliers. Overseas suppliers often issue Letters of Credit. Trust Receipts with credit terms of between 90 and 120 days can be issued.
Property financing consists of a mortgage loan that can be useful in financing the purchase of industrial or commercial properties. SMEs also have the option of pledging property to the banks to access financing facilities. It is the most affordable form of financing based on the type of security.
Equipment financing is useful in buying fixed assets like equipment and machinery. This type of loan is usually structured as leasing or hire purchase terms.
This form of financing constitutes an advance of 80% to 90% of the outstanding value of invoices. It is ideal for SMEs that deal with credible companies that have long-term credit payments.
Contrary to what some people believe, taking on a business loan is not a step in the wrong direction when financing SMEs. People often link loan facilities to financial problems and conclude that a company would only opt for a loan if its financial situation is terrible. It is a misconception as even well-established and major companies still borrow money.
Several benefits accrue from this type of debt that some business owners may disregard because they are avoiding risks or relying on misinformation. It is essential to be aware of the advantages of business loans for you to make informed decisions regarding your finances.
While it may make sense for a thriving business to have a surplus of cash available and not need any financial assistance, the reality is that having access to additional capital might not always be ideal. It is because it raises the issue of the extra cash not being channelled towards opportunities for expansion and worthwhile investments.
Businesses need to grow, and money is typically required to facilitate sufficient growth. Any extra money will probably go into growing the business and increasing its capacity. Although you can use regular cash flow to expand your business, the speed at which the process gets undertaken may not be sufficient.
Taking a business loan provides an instant way to access cash for the company and speed up the rate of expansion. It also helps to make sure that other available funds go towards operating the venture as the business continues to expand.
Several successful SMEs opt to use business loans to speed up growth and expansion rather than depending on inadequate cash flow to finance the process and take a much longer time to achieve set goals.
Small businesses are susceptible to cash flow issues. It can be hard to maintain stable cash flow when poor business decisions get made, and customers have not paid for products or stock is moving slowly. Having sufficient amounts of money is essential because you need it for regular payments like rent, utilities, and staff.
Businesses can address this challenge with a business loan that ensures running costs covered. A business needs money to flow to satisfy all relevant stakeholders. Loans generally help your business avoid the risk of being vulnerable to downturns and situations that are beyond your control.
There are times when unexpected opportunities arise, such as great deals on vehicles, lower-priced retail spaces, and discounts. A business loan makes it possible for your business to maximize these opportunities on time with the prospect of generating revenue. Companies in sectors such as manufacturing that usually need to spend a lot of money on inventory, labour, and machinery before receiving income. These high costs can be covered with short-term business loans to ensure that the business has adequate cash on hand.
Taking on a loan has the potential to yield benefits for companies in the long run. That is because it develops relationships within the financial sector, which establishes the confidence of lenders when you make repayments on time. It is essential for new SMEs that usually find it hard to qualify for substantial loans when they do not have a credit history that is favourable enough to back their request for funding.
Responsible borrowing can enhance the creditworthiness and credit score of your business to boost your chances of accessing bigger loans in the future while your business continues to grow. SMEs are likely to need additional financing, and taking on this kind of debt is an excellent way to make sure that you do not miss out on getting the cash your business needs.
Equity financing is often perceived to be a better option when compared to taking a business loan. Although the risk is lower and transferred from the owner to investor, losing a component of the business is disruptive.
The owner no longer controls management decisions as investors probably want to have an input. It means that the company may have reduced debt, but the loss of independence may not be worth having more cash at your disposal.
Debt financing enables you to maintain full control along with advantages that include tax benefits as interest payments are tax-deductible. Business loans can get acquired at lower interest rates, and it is easier to plan for expenses since loan payments do not change as much the equity prices do.
There comes a time when any thriving or growing small business gets a chance to grow if it has enough capital to aid the expansion. These opportunities for growth may be as per the plans or arise suddenly. During these times, the ability to finance business expansion is crucial.
Expanding a business relates to the action or spending done to increase profitability, sales or the size of the company. Firms generally seek to expand when their systems appear to be strong enough to support the process of expansion.
When a business has mastered its trade and craft, it may feel that it is ready to service the arrival of new business opportunities. Another critical aspect of business expansion is ensuring that the customer base of the business is sufficiently solid to assist a period of high growth. That is while making sure the customer base continues to broaden during expansion to pay or offset both the long-term and upfront costs of expanding.
Since expanding a business generally requires money, there might be a need for working capital to aid the process when funds are getting channelled somewhere else. Companies choose to expand for various reasons.
These include the following:
The need for sufficient inventory is essential as a business grows. It is imperative to make sure that your product is always available in-stock.
If you have a fantastic service or product, but no one knows it exists, you cannot expect to make a lot of money. Investing in a marketing plan is crucial for growing your business.
Your liabilities may begin to exceed your income when you reinvest in more significant facilities, hiring, marketing and equipment. During these times, it can be crucial to get quality financing solutions.
The dependence on competent workers grows as a business growth along with hiring more people to help the company with marketing and production.
The need for fully functional and modern machinery or equipment increases when a business grows to keep up with more orders.
Companies can outgrow the operating facilities that they currently have.
Business owners should take a swift approach to expansion because waiting for too long can lead to missed opportunities. Failing to meet the demands for growth can have a detrimental impact on your business. The good news is that companies can access capital for expansion.
As you submit your application for a business loan, ensure that you are very clear about the amount you want to borrow as well as the purpose for the loan. The amount you are acquiring should be practical for the goal that you have given.
Financial institutions will also want to check your documents. Therefore, you should ensure that these are up-to-date. It will also be preferable for you to have audited financial statements. Most lenders will do an analysis of your gross profits as well as your bank statements.
Ensure that you have prepared all the documents required beforehand so that no records are missing when you are submitting your loan application. Missing documents is usually one of the reasons why some loan applications get declined. Generally, the files that would be necessary for most business loans in Singapore include the following.
There are some business loans in Singapore that may require you to have some collateral. Ensure that you have a proper asset that can get used as security if the lender requires it.
Ensure that your business website is updated and shows a lot of professionalism because lenders in Singapore usually do their research on potential borrowers using online platforms. Make sure that your business profile on all social media platforms is well updated and gives a very positive view.