Government Assistance Schemes
Getting an SME loan can be an arduous process full of paperwork and bank appointments. Bridge For Business provides a one-stop service for your business
loan needs, taking the fuss out of SME loans, and letting you focus more on your
Give your business the financial boost it needs with our Micro Loan services.
Our Micro Loan services are supported by Spring Singapore and Enterprise
Singapore to encourage positive SME growth, allowing our team to bring these benefits to your business.
In order to apply for a Micro Loan, your business has to comply with the following criteria:
1. Registered and operating in Singapore
2. At least 30% local sharing
3. Company’s Group Annual sales of not more than S$100 million OR
company’s group employment size of not more than 200.
Our team can secure a loan amount of up to S$100,000 across multiple banks, making sure that your financial needs are met at the same time taking out the fuss in tedious banking processes, allowing you to focus more on your business.
Working Capital Loan
Make way for more business growth with our Working Capital Loan services.
Our Working Capital Loan allows your business to secure a loan amount of up to $300,000 across multiple banks, allowing you to achieve the growth that you desire, without worrying about taking the time to raise funds.
Loan Insurance Scheme (LIS)
The Loan Insurance Scheme (LIS) is a Singapore government subsidiesd loan that allows your business to secure short-term trade financing for the following:
1. Inventory/stock financing facility
2. Structured pre-delivery working capital
3. Factoring/bill or invoice or accounts receivable discounting with recourse.
In order to apply for the LIS, your business has to comply with the following criteria:
1. Registered and operating in Singapore
2. At least 30% local shareholding
3. Company’s group annual sales turnover should be up to 100m OR company’s
group employment size must not exceed 200 workers.
For more details and to see if your company qualifies for LIS, contact us here and our advisors will get in touch with you shortly.
BFB specialises in the following property loan services for personal (HDB & Private homes) as well as commercial (Commercial & Industrial) clients in Singapore.
In simple terms, refinancing your existing property loan is the process of replacing your current property loan with another one. The benefits of doing so often may result in savings of up to several thousand dollars over the years and is a common practice in Singapore's property industry. On top of that, property loan interest rates vary over time and there are no loyalty rewards for staying with the same bank.
How Can Bridge For Business Help?
While the concept of refinancing is simple, the process is not. Sometimes
refinancing may even result in your property loans becoming more expensive due to upfront administration and legal costs. On top of that, there is also the arduous process of comparing rates over multiple loan providers in Singapore. And this research process could become overly time-consuming.
Instead, why not let our team at Bridge For Business handle your property
refinancing needs? We guarantee you the best rates while ensuring a hassle free experience throughout your property refinancing process.
Trust receipts is a short term trade financing facility engaged between clients and an institution of finance. With a trust receipt, the client can leverage on the stronger financial resources of a finance institution to achieve the financial goals of their company.
For example, a company may utilise trust receipts to purchase a bulk order of goods, at this point the bank owns these goods but allows the customer to get ahold of these goods to conduct business. The goods are then repaid with interest by the customer on the maturity date, or when the goods have been sold.
Do not hesitate to get in touch with us, our financial advisors can help you in the process of obtaining a trust receipt today!
Letter of Credit
The Letter of Credit (LC) is a document that is issued by a financial institution or a similar party that ensures payment to a seller of goods or services provided certain documents have been presented to the bank. A letter of credit proves that the seller has performed the duties specified by an underlying contract and the goods or services has been supplied as agreed. In return for these documents, the beneficiary receives payment from the financial institution that issued the letter of credit.
Therefore, an LC serves as a guarantee to the seller that it will be paid regardless of whether the buyer ultimately fails to pay. With this in mind, the risk that the buyer will fail to pay is transferred from the seller to the LC’s issuer. The letter of credit can also be used to ensure that all the agreed upon standards and quality of goods are met by the supplier, if these requirements are reflected in the documents described
in the letter of credit.
Our team can advise as well as provide your business with a letter of credit that you require. Please do not hesitate to get in touch with us.
Looking to raise funds for your next venture or business expansion? Bridge For Business provides a platform to raise funds for you to achieve your business goals.
Through our crowd funding platform, we will connect you with one or more angel investors who are interested in your project.
Crowd funding at Bridge For Business works in three simple steps:
1. First, we understand your financial requirements. At this stage we also learn more about you and your business to see how we can accomodate to your financial requirements.
2. Next, we will provide your case to our list of angel investors for an
assessment and approval amount and terms.
3. Finally, we meet with you again to discuss the terms and amount that were proposed by the angel investors.
In some cases where you may not get a satisfactory funding amount from banks, crowd funding provides you with a helpful alternative source of funding that can give your business that much-needed financial boost.
Have a great idea for world-changing business or product? Our wide network of
investors is here to get you up to speed.