In what ways can a newly incorporated exempt private limited co. in singapore obtain loan/overdraft?

Question

Is there any financial institution or banks in singapore that is easier to obtain such financial assistance for those newly incorporated companies? What are the matters that banks will look into during evaluation for approval of these loans/overdraft? Anyone know? please advice me... thanks...

Answer 1

You can approach any bank that is participating in the IE Singapore SME loans schemes. These are especially packaged for small & medium-sized enterprises and start-ups. Ask them about short-term loans and micro loans. However, because you are just starting up, you have no assets to pledge as collateral. so be prepared to give personal guarantees. The IE Singapore website is given below.