How long does it take for a business loan to be approved?
Depending on the business loan application, the loan approval process can take anywhere between 2 to 10 working days.
What is the interest rate that of the business loan?
For the Microloan scheme, a borrower can expect an interest rate from 3.7% flat per annum. A borrower can pay off the business loan at any point of time, and the interest will be pro-rated.
How do borrowers know which loan they qualify for?
If the borrower is a Singapore incorporated company, they can potentially qualify for business financing, no matter how long their business has been incorporated. To know borrowers options call us immediately.
Which lenders do FR Capital work with?
FR Capital work with all local and foreign banks in Singapore, Private Financiers and other lenders.