Certified Cash Loan Provider In Singapore - A Better Selection

Posted by Alice T.
1
Oct 3, 2018
332 Views

Are you looking for a Singapore business loan?  If so, you are at the right place.  Small businesses form the backbone the country’s economy and it is no wonder then that more investors are putting their money in startups. Whatever the nature of your business, you have to be proactive in order to survive cutthroat competition that now characterizes every industry. 

To do this, you need a lot of money, be it for expansion, purchase of inventory, hiring skilled personnel or boosting your working capital. Cash flow problems are common for businesses in Singapore and this is one reason why most of them struggle. With a business loan, you can now overcome these challenges and compete on a level ground with other companies in your niche.

Due to the high demand for business loans, many companies are offering these financial products. Finding the best licence money lender can therefore be a daunting task and you can easily make the wrong choice. Many business owners have complained about poor quality of loan services from lenders. To avoid these pitfalls, consider the following qualities when comparing different loan providers:


Licensing and registration – The loan company you choose must be registered and regulated by the Moneylenders Registry (under the Ministry of Law). They should also be members of the Moneylender's Association of Singapore also referred to as MLAS. This guarantees you professional services.


Physical address – If you want to avoid scammers and loan sharks who have inundated the loan industry in the country, make sure you confirm the address of the loan provider. Their physical address should be clearly listed as part of their contact details.


Free consultations and quote – If a
business loan provider is charging for consultations, run and don’t look back. A good loan company will treat you professionally by offering free advice in order to motivate you to use their services.


No hidden charges – Unscrupulous moneylenders will advertise irresistible loan rates only to recover their money through hidden charges such as late payment, processing, insurance, and administrative charges among others. The best moneylender will explain every item in the loan contract in detail. There is a loan assistant to guide you through the entire document before you sign along the dotted line.

Good customer rating – When comparing different moneylenders make sure you read reviews and testimonials. A consistent high rating by clients is an indication that the loan provider is serious and genuine about the services they offer.

If you are looking for a reliable business loan company in Singapore, get in touch today. We are committed to offering the most affordable loans and excellent customer service to our clients.  

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