Common Business Loans
There are many types of business loans in Singapore, but here the common options.
SME Working Capital Loan (WCL)
- Loan up to 500k
- Interest starting from 7% p.a
- Tenure usually shorter term 6-24 mths
- Eligibility: Registered in SG, at least 30% local shareholding, group revenue < $200m or < 200 employees
- Speed of approval: Fast, lighter documents, within 2-3 days
- Funded by banks / gov co-fund
Business Term Loan
- Loan can go up to 2m
- Much lower interest, depends on underwriting and security
- Tenure usually longer term 2-5 years
- Eligibility: Registered in SG, strong credit profile
- Speed of approval: Slow, more documents needed , underwriting needs time. Usually 1-3 weeks.
- Funded by banks / other financial institutions
Equipment and Machinery Loan
- Specialized fixed asset loan with lenders funding up to 90% of asset value.
- Lower interest rate 4-7% due to asset being collateral.
- Ideal for Manufacturing/FnB/ Construction
- Speed of approval: Slow, verifications on assets needed, Usually 1-3 weeks
- Funded by banks / other financial institutions
The Application Process
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Contact Us
Business Assessment
Fund Disbursement
Simply WhatsApp us at +65 8876 5466 on your funding request and we will guide you on documents needed.
Our consultants perform in-depth review of your business profile to identify suitable funding options. We do the heavy lifting for you,
We provide the top options, and you decide on the best choice. We get paid only when you get funded.
Common Questions
How fast can you get me the loans needed?
We will get you offers within 1 day of submitting the documents. Upon approval and offer acceptance, you get your funds in 1-3 days for banks, 1-2 days for others.
What are the typical eligibility criteria for a loan?
Depends on your business's credit history, annual revenue, and time in operation. Most lenders require at least 6-12 months of local registration.
What's the difference between Whitewood and others?
We get you the right funds, and we help optimize your business for success. We provide alternative business support post funding to increase your chances of growth.
What documents are required for a loan application?
Commonly required documents include ACRA business profile, latest 6 months of bank statements, director's income tax assessments, and financial statements.
Are there any hidden fees or charges I should know about?
We maintain full transparency throughout our consultancy. Standard costs by lenders may include processing fees or early redemption charges, which will be detailed in your offer letter. We only bill after you receive your funds, no upfront fees required.