Getting a business loan in Singapore is no easy feat. There are a few requirements you have to fulfil.

Requirements For Obtaining A Business Loan For Your SME: At least six months since your business has been incorporated Proof of annual revenue Government-assisted Financing only for businesses registered and present in Singapore with 30% owned by Singaporeans/PRs Good credit score

Firstly, Providers typically require your business to be around for at least six months to qualify. If you are established, you would still need proof of your annual revenue to lend to you, making it hard for new business owners to get a business loan. Secondly, Government-assisted financing is open only to businesses registered in (and present in) Singapore, which has 30% of business equity owned by Singaporeans/PRs. If you do not have enough Singaporean/PR shareholders, you will find it harder to get a business loan....