Resource Page For SMEs and Startups in Singapore

A one-stop guide for SMEs, business owners and entrepreneurs – from working capital loans, start up business loans to financial payment solutions. Here are the best insights on alternative loans.

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Three in 5 SMEs face difficulties securing loans from traditional lenders.

Financing can be a major challenge for small and medium-sized enterprises and startups. Due to strict benchmarks set by banks in Singapore, these companies may not be able to get the financing that they need. Typically facing much higher barriers when it comes to borrowing from conventional banks, these businesses have to turn to alternative sources of financing.

Common Financial Challenges SMEs Face

Why is it so hard to acquire a business loan? Here are the top reasons why business loan applications fail to get approved by banks in Singapore.


  • Limited or inconsistent cash flow
  • Insufficient capital
  • Unexpected expenses
  • Too much debt
  • Lack of essential reporting and account balancing
  • Poor payroll compliance
  • Delayed payment of bills

Struggling to find business financing options?

Here’s a curated list of alternative financing solutions easily accessible to SMEs offered by Funding Societies.

Micro LoansTerm LoansElevate Credit Line
Accounts Payable FinancingAccounts Receivable Financing

Also check out ValueChampion's review of Funding Societies, a platform for small and medium-sized enterprises (SMEs) to find loans to grow their businesses.

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Funding Societies Lending Platform - Review for SME Borrowers

Read our review of Funding Societies Lending platform to see if it fits your SME's business needs.

See Study
SME-LOANS

An Entrepreneur's Guide to Business Loans and Why You Need One

Your Small Business Financing Guide

Here we compare the best SME, working capital and startup business loans available in Singapore in our guides and articles. These include options from both banks and loan companies to help accommodate your business needs.

Guides

Frequently Asked Questions

Want to learn more about SME business loans? Here are some answers to commonly asked questions.

Funding Societies provides Micro Loans starting from S$3,000 and topping out at S$100,000. Micro Loans have a fast approval process and are easily accessible. Learn more about Micro Loans here.

Funding Societies issues two types of term loan financing between S$100,000 and S$2 million – Express Business Term Loan (BTL) and Business Term Loan. These typically have a slightly longer approval process compared to Micro Loans. Learn more about Term loans here.

Accounts Payable (AP) Financing is a cash advance that your company can receive on your purchases. With AP Financing, Funding Societies will pay the supplier on behalf of you. Learn more here.

Accounts Receivable (AR) Financing is a broad concept of financing arrangement where it allows companies to finance their early payment on their sales invoices or sales purchases, for goods delivered and/or services completed. Learn more here.

You can apply via Funding Societies or through a bank. This guide offers a look at the application process and what you need to prepare.
A credit line lets you borrow in increments, repay it, and borrow again as long as the line is open. Unlike with a conventional loan, which is repaid in fixed instalments, debtors on a credit line have to pay interest on borrowed balance when the line is open for borrowing.
Interest and amounts receivable under a business loan are subject to income tax, and they are taxable on accrual rather than based on receipt. The tax rate for receivable interest and amounts under a loan is the same as the corporate tax rate, which currently stands at 17%.
Yes, you can. However, we advise caution against having too many at once.

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