What is a business loan?
A business loan is a type of loan exclusively offered to entrepreneurs who want to start up their own business. Business loans are also offered to already existing businesses when they are in need of a little financial assistance. Our business loan packages are also available to companies and businesses interested in expanding, and here at SU Credit Pte Ltd, we can offer you and your business a business loan package with payment terms you are most comfortable with and most suitable to your business.
Last wasn’t the best year for your business? There’s no need to worry, don’t let it go just yet, we also offer business loans to businesses needing to pay off debts and obligations incurred in the past year. You could use this loan for repairs, maintenance, and additional funding for other operation expenses.
SU Credit Pte Ltd offers business financing
Here at SU Credit Pte Ltd, we foster the spirit of entrepreneurship. And because we know just how difficult it can be to generate adequate funding in order to set up a new business, we offer business financing to starting companies – which you could either completely as start-up capital or partially as working capital.
Are there any requirements for business loans?
In order to get approved for a business loan, the credit company has to make sure that there is a legitimate business about to be put up, or that the business actually exists. In compliance with this, business owners are usually required to submit financial records of their businesses; a business plan is also required from starting entrepreneurs. The required documents are then set for evaluation and deliberation.
And once the business has been appraised, the credit company will offer you a business loan based on their appraisal.
Here at SU Credit Pte Ltd, we offer business loan packages most suitable to your business with affordable interest rates depending on the amount of money borrowed, and payment terms applicable to your business credit ability, so you won’t have to worry about not being able to pay the loan off in the future. Get in touch with us today to learn more about business loans, our adept and accommodating loan officers would be glad to help you out.