Business Loans
Is The Lack of Funds Hindering Your Business Operations?
If you’re in need of a business loan in Singapore to overcome the challenges of running your business, AK Credit is here to help, easily and efficiently. Take the necessary steps to propel your business forward and contact us today!
Short-Term Loans for Long-Term Benefits
Every business, regardless of its size, requires additional funds to achieve various goals. As an entrepreneur, you understand the importance of working capital and liquid funds. There may have been times when your business experienced a shortage of funds.
Don't hesitate any further!
Let finances be the least of your worries. Take action and submit an online loan application to us today to secure the business loan you need.
A personal loan can be a versatile financial tool, offering quick access to funds for a variety of needs. Here are some common reasons why a personal loan may be the right choice for you:
- Debt Consolidation: Combine multiple debts into one payment, often with a lower interest rate.
- Emergency Expenses: Cover unexpected costs like medical bills or home repairs without using high-interest credit cards.
- Home Improvements: Finance renovations or upgrades to increase your property’s value
- Education or Skills Training: Invest in courses or certifications to advance your career affordably.
- Major Purchases: Make large purchases like appliances or furniture without draining your savings.
- Special Occasions: Fund significant events like weddings or family gatherings without financial strain.
- Travel: Spread the cost of a vacation over time, making it easier to budget.
Business Loans: Is it Right for Me?
The strain on your finances has compelled you to seek external funds. Contacting your bank involves a lengthy procedure to obtain an overdraft or a short-term money loan. You must submit extensive documentation, provide collateral or security, and meet stringent criteria before your application advances to the next approval stage. This often results in a prolonged waiting period—a luxury your business cannot afford at this point. Moreover, despite having a good working relationship with your banker, there is no guarantee that you will receive the funds you require.
Short-term loans to tide you over in the long run
As a manufacturer of electronic equipment, you may have machines in your factory that require immediate repairs. Some may even need a replacement urgently to ensure timely delivery.
While you can explore Product and Innovation Claims, the procedure and processing time can be lengthy. Waiting for funds is simply not an option, especially when you have regular orders to fulfil.
Alternatively, one of your major customers may have delayed payment for an order, leaving you with fewer funds than usual and unable to pay some workers’ salaries.
You are well aware that delayed or non-payment can lead to disgruntled workers and complaints to the Ministry of Manpower, which can adversely affect the smooth operation of your business and its reputation in the market.
A short-term commercial loan from a registered moneylender like AK Credit can help your business navigate through a tight financial situation. These convenient loans are similar to those offered by traditional banks. You receive upfront cash for a short period with reasonable interest rates and repayment schedules. You can repay the principal and settle the loan once your business activities generate sufficient funds.
We’re Here to Help.
At AK Credit, we prioritize our customers’ interests in all our dealings. As a business owner, you will find a credit option among our diverse financial packages that best suits your specific needs. Our packages are flexible, and we provide competent and personalized customer service.
- Quick Approval
- Immediate Funds
- Flexible Repayment
- Minimal Paperwork
- Tailored Solutions
- Unsecured Credit
Your Loan Eligibility:
- Based in Singapore
- Private limited company
- Registered with ACRA for at least 2 years
Contact our friendly loan officers for a non-obligatory consultation or drop us a message using our online form. Alternatively, you are welcome to visit our office anytime.
If you require extra cash for your personal life, please visit our personal loan section. To estimate your loan repayment amount, check out our loan calculator.
FAQ's about Business Loans in Singapore
Yes, SMEs are a core focus of our business loan offerings. If your company meets the basic requirements such as operational history and revenue documentation, you are likely to qualify for a loan. Contact us for a tailored assessment of your eligibility.
We understand the importance of quick funding for businesses. With complete documentation, loan applications are typically processed and approved within 1 business days.
At AK Credit, we prioritize flexibility and personalized solutions. Our business loans are designed to:
- Offer fast approval times
- Require minimal documentation
- Provide competitive interest rates
- Cater to SMEs, even those with non-traditional financial histories
To process your business loan application, you’ll generally need:
- Company registration documents (e.g., ACRA business profile)
- Latest financial statements and bank statements
- Proof of business operations (e.g., invoices, contracts)
- Director’s NRIC or passport
- Proof of office or business address
The loan amount depends on factors like your business revenue, operational history, and repayment capacity. We offer flexible loan sizes to suit various business needs. Contact us for a personalized evaluation.
Yes, we assess your business’s overall financial health and repayment ability rather than relying solely on credit scores. If your company shows a capacity to manage the loan, we will work to provide suitable financing options.
Missing a payment may incur late fees or additional charges, and it could affect your credit standing with AK Credit. If you anticipate challenges in meeting repayments, please contact us early so we can explore alternative arrangements.
Yes, you can make early repayments. At AK Credit, we do not impose penalties for early settlement of your loan. Early repayments can help reduce your overall interest costs.
Our interest rates are competitive and vary based on factors like loan amount, tenure, and your business’s financial profile. Contact us to discuss your requirements, and we’ll provide a transparent rate tailored to your needs.
Once your business loan is approved, the funds will be disbursed directly to your designated business bank account. The transfer is typically completed within the same day or the next working day, ensuring you can access the funds promptly to support your business needs.