Yes, you can.

Please let us know about your preferences either via email (ask@lendingpot.sg) or when we contact you after you have submitted your online application.

These lenders will not be able to access any of your contact details or documents.

We take your privacy very seriously.

Firstly, your contact details (company name, director’s name and number) will only be shared with relationship managers who are interested in financing your business loan request.

You will also be notified daily, via email, about the financial institutions that have obtained your documents and other details.

Please check out our Privacy Policy & Terms and Conditions for Platform Services for more details.

Yes, they can.

We welcome your participation as we believe that family offices are an under-tapped source of financing for SMEs.

Once you have subscribed to our network, you will be able to access business loan requests via our Business Loan Marketplace.

Please drop us an email at ask@lendingpot.sg or WhatsApp us at +65 8806 5245 for further discussions.

Yes, they can.

However, depending on your objectives, we may have different on-boarding processes.

Please contact us directly via WhatsApp at +65 8806 5245 or email us at ask@lendingpot.sg for further discussions.

Yes, they can.

Do drop us an email at ask@lendingpot.sg or WhatsApp us at +65 8806 5245.

Our team will contact you as soon as possible to discuss the synergies of collaboration.

Yes, you can.

However, it may be harder to secure your desired financing amount.

Many financial institutions in Singapore prefer to lend to companies that have been operating for at least 12 months so they may evaluate the company’s financial track records.

However, having said that, we do have a few lenders who specialize in providing small and short unsecured term loans for new companies.

Alternatively, business financing can also be easily obtained if you are able to pledge collaterals such as properties.

Unfortunately, no.

Currently, Lendingpot’s Business Loan Marketplace only operates in Singapore and we only work with financial institutions with local operations.

Most of these financial institutions are only able to support SMEs that are incorporated locally.

However, we have plans to expand into other countries in the near future.

Yes, you can.

This is because we have financial institutions in our network that look beyond the traditional credit criteria and prioritize other metrics such as cash flow or existing business contracts.

Relationship managers are also encouraged to examine your loan request and suggest/structure the best way to provide the financing you need.

Lendingpot works with over 90 relationship managers from over 45 financial institutions such as banks, non-bank financial institutions, peer-to-peer lenders, private lenders and family offices in Singapore.You may find out more here.

Yes, if you have available collaterals, you can consider taking a secured loan using publicly traded shares. You can also cash out your property with a property-backed loan which commands interest of less than 3% p.a. Alternatively, if you can also sell your invoices through invoice financing whose interest is also lower at 3-4%.

• The Temporary Bridging Loan is an ESG initiative to help small local businesses with an unsecured working capital loan of up to SGD 1 million. This was announced during the Solidarity Budget in 2020 and has been extended until 30 September 2022. Under its current iteration, the Singapore government undertakes a 70% risk share of the loan; borrowers are still responsible for repaying 100% of the loan amount.

• The SME Working Capital Loan, offered under ESG's Enterprise Financing Scheme, provides an unsecured loan of up to SGD 300,000. The default risk share is at 50%, while younger companies (incorporated within the last 5 years) enjoy a higher risk share of 70%.

• Most Bank’s unsecured working capital loan offer financing to SMEs of up to S$350,000.

• As for non-banks, unsecured business term loans are usually capped at S$200,000 although there are outliers that can go up to S$1,000.000.

Document required are quite standard across most banks and lenders. They include:

• Past 6 months bank statements

• Financial Statements for the past 2 years (Management Accounts are acceptable)

• CBS report for the guarantor(s) (At least one)

• Personal Notice of assessment for the 2 latest years for the guarantor(s) (At least one)

• Money Lender Credit Bureau Report (Optional)

Non-bank lenders can take a much shorter time as fast as 1-2 days but typically a loan application takes at least 1-2 weeks. As for banks, these can take up to 1 month as the time for assessment is longer.

Most banks have a early repayment penalty applicable of about 2-5%. Some non-bank lenders allow for an early repayment without fee and some have a minimum loan period of 6 months and is without fee after.

Typically at least one personal guarantor is required. The guarantor needs to be qualified such that they:

• Have at least an annual income of more than S$24,000

• Is a Singaporean or PR

• Has no default or bankruptcy records outstanding