Alexandra is located in Bukit Merah in the south of Singapore’s Central Region. Although primarily a residential area, Alexandra is also home to industrial and automotive giants situated in Alexandra Road.

Summary of Top Legal Money Lenders of 2021

Most visit the area for its IKEA store, but residents and tourists may also flock Alexandra’s scenic parks, busy shopping centres, and exciting restaurants.

What is SME Business Loan and how it works?

If you’re a small to medium-sized (SME) business owner in Alexandra needing some boost to your company’s finances, why not take out a SME business loan?

For starters, a SME business loan is a form of external funding to finance small and medium-sized enterprises.

Like a personal loan, this type of loan consists of a fixed lump sum that must be repaid together with corresponding interest payments within a certain period.

Advantages of taking SME business loan with a moneylender

Although the traditional route would be to go to a bank, licensed moneylenders in Singapore are quickly rising as trustworthy sources for individuals and businesses alike for personal and business loans due to the following reasons:

1. Low Credit Score? No Worries!

Unlike banks, moneylenders will not be very bothered with a low credit score. Your company’s current ability to repay the loan amount matters the most.

2. Faster and Shorter Transactions

After submitting the relevant requirements, you can expect the moneylender to release your loan within hours! This feature can assist your SME to pay off a maturing debt or support a crippling cash flow.

3. Customised Loan Packages and Repayment Plans

Moneylenders personalize their loan packages and repayment plans according to your business’ specific circumstances versus a bank’s uniform requirements.

 

How to apply?

To be eligible for an SME business loan from licensed moneylenders, you must prove that your business (1) is registered in Singapore, (2) has been operational for at least one year, and (3) has a minimum turnover of $60,000 per year.

You need to prove eligibility by providing your moneylender with the following documents:

  • All directors and partners NRIC
  • Recent information report (Business Profile) from the Accounting & Corporate Regulatory Authority (ACRA)
  • Recent Income tax assessment notice (both personal & from the company)
  • Recent financial statement
  • Recent invoices or business contracts
  • Recent utility bills under the company name
  • Recent six-month bank statements
  • List of assets owned by the company, directors & partners (if any)
  • Office/shop tenancy agreement (if any)

 

How can our company help you? Why us?

We at Moneylender Review are committed to bridging the gap between moneylenders and borrowers. 

We have the most updated directory of the best licensed moneylenders in Singapore. Our loan comparison service only displays the loans that are right for your needs. Plus, you will get personalised loan quotes from multiple licensed moneylenders all at once!

We guarantee a convenient and hassle-free experience in getting you the best loan for your business through our three-step process!

  1.     Submit a loan application form.
  1.     Receive your personalised loan quotes.
  1.     Visit the Licensed Moneylender office to sign the papers and secure your loan!

 

Moneylender Review has the best algorithm that gives you the three best quotes (free of charge) from best licensed moneylender. Fill out this online form to get your recommendations now!

List of Money Lenders in Alexandra

No licensed money lenders found in the area