Bugis Credit Pte Ltd is a licensed moneylender (License No. 25/2024) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

SME Business Loans

Build your future when you restore your past

  • Perfect for self-employed individuals
  • Flexible monthly repayment terms
  • Loan up to $200,000
business loan

Apply For a Fast Cash Loan Online Today!

Get your approval in 30 mins by applying here

How Does A Business Loan Work?

A business loan in Singapore doesn’t just mean getting yourself into deeper debt. A working capital loan or Singapore business loan is about giving you the flexibility and room to maneuver yourself during these difficult times. It is setting yourself up for bigger opportunities that come your way.

Singapore businesses just like the economy go through different phases depending on the state of the economy. It can prosper, recess, depress and recover. That’s why we are always here to help you get your business through tough times and help you carry on your business to new heights. Bugis Credit offers the most reliable Business Loan for all businesses in Singapore, we are here to help your business grow.

With the ability to help you access the working capital or funding you need, our personalized loans for SMEs will help you fill your cash flow gaps, fill up your inventory, and cover all your short term business needs while the business recovers from its financial hurdles. You may get confused since there are a lot of business loans in Singapore being offered to almost every business owner, you may be offered with temporary bridging loan, SME working capital, or Trade Financing. But how can you choose the perfect business loan for you?

Bugis Credit is here to help you pave the way to your success by offering the most reliable business loan for you, we will help you assess the needs of your business so you can get the most optimal business loan amount you can take with the lowest effective rate.  With a minimum annual revenue of SGD60,000, entrepreneurs can borrow up to $200,000 loan amount.

It is simply giving your business everything it needs.

Get Loan in 4 easy steps

call and apply online

#1. Call or Apply Online

Call us at 6345-9123 or simply apply online https://www.bugiscredit.sg/ to set an appointment at your convenience.

visit bugis credit office

#2. Visit Our Office

If you have an appointment, come into our office and we'll help you create a customized plan that fits your business's needs and repayment ability.​

finalize loan plan

#3. Finalize Loan Plan

Agree on all terms, including the payment and permitted fees on your new loan plan.

receive cash instantly

#4. Receive Cash Instantly

Once the contract is signed, you will receive your cash loan within the hour.

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business loan

Your Business or Company must be registered in Singapore


Your Business must be Operational for at least one year

foreigner cash

Your Business has a Minimum Turnover of SGD 60,000

Documents Required for Business Loan

2 person walking with formal suite
  • All directors and partners NRIC
  • Recent information report (Business Profile) from the Accounting & Corporate Regulatory
  • Recent Income tax assessment notice (both personal & from the company)
  • Recent financial statement
  • Recent invoices or business contracts
  • Recent utility bills under the company name
  • Recent 6-month bank statements
  • List of assets owned by the company, directors & partners (if any)
  • Office / shop tenancy agreement (if any)

Ready To Get Your Loan?

Request for a quotation from our friendly officers by filling out the form below

Frequently Asked Questions

Yes, you can. We welcome all business owners in Singapore who need business financing or business loans in Singapore and working cash flow to apply for their financing with us. However, we are also only able to support SME working capital businesses that meet the following criteria.  But unlike government-assisted temporary bridging loans, this isn’t an exhaustive working list so please check our eligibility section for further details.

  • Your business has been in operation for over a year in Singapore
  • Has an annual minimum turnover of SGD60,000
  • Is registered in Singapore

The things you need to consider before taking out a business loan is how much you need for your business to thrive. Businesses have different requirements, so you need to consider the factors that revolve around your business to get the perfect business loan for you. Whether you just started operating for 6 months or a year, you may need a larger amount to make your business expand.

By determining how much funding you require, it will be more realistic to get the repayment tenure easily. Also, it is ideal to know your credit score, although Bugis Credit doesn’t really focus on the credit history, it is ideal for a business owner to thrive with a good credit standing. Once you know which business loan is ideal for you then we are always ready to assist you to build the best business loan plan for you to make your business grow!

Anyone seeking out SMEs loans or business loans in Singapore with the banks would traditionally need to provide full information about their business plans, their cash flow, initial expenses, and the soonest time they can provide a return on investment for the business and the full business loan repayment to the bank plus interest. In addition, as compared to government-assisted temporary bridging loans and regular banks, these will take into account of the owner’s credit scores and histories. Business should also be operating for more than a year to apply.

In line with this the government assisted temporary bridging loan and with regular banks, the process could take several months before the loan is approved.

However, if you’re working with Bugis Credit, you wouldn’t need to wait long for your business loans to get approved. We do not take into account your credit history, merely your ability to repay the loan and loan amount. As soon as you present your business’ proof of income based on its initial performance, we’ll have your amount ready and approved within two working days. We will also discuss the repayment period, interest rate, loan amount depending on your working capital among others.

You can take out unsecured SME business loans in Singapore. However, please note that on these types of Singapore business loans you would only be able to take out a smaller working capital amount, at a higher interest rate and shorter repayment period and terms.

It would, therefore, be better for you to take on a secured loan if you want a larger SME working capital loan amount with better interest rates and the favorable repayment period. Interest rates are being incurred to the repayment plan so it’s always the best idea to understand how much interest rate is being incurred. Analyze and compare the best interest rate fitted for you so that repayment will be easy. When in need of a capital loan for your business, consult with our loan officer to discuss the possible interest rate and loan tenure of the business loan.

Before getting a loan, it is important to consider what you are using for your SME loans, the loan amount you’re seeking, the likely interest rate that could be charged to you and if you are a new business or an established business.

You’ll need to know if you are eligible for taking on that business loan. Singapore banks and other traditional financing companies are generally more risk-averse, so getting your loan application approved could be difficult, especially during an emergency.

The requirements and eligibility depend on the type of business loans or SME loans you are getting. Please visit here to see if you are eligible to apply.

Our Business Loan Contract will have standard terms that are common to all SMEs business loan agreements. As a borrower, you would need to know what common terms would appear in the contract and any specific terms which are adapted to the requirements of the loan.

Before signing, our loan officers will go through all the loan terms and conditions of the loan contract such as loan amount, loan repayment period, loan interest rates, etc. to ensure that all the terms are clearly understood and agreed upon by both parties in order to protect your interests.

There are several advantages when taking out a business loan. However, keep in mind that the loan should only be taken out for its intended purposes only, and any deviation from its original purposes could result in your business falling into deeper debts.

  • To repay all the debts 
  • Giving your business a fighting chance
  • To expand your business
  • Extra cash flow to keep the day to day operations running smoothly

A business loan can also be a disadvantage to you if taken out without knowing the risks. Here are some things you must keep in mind before signing the loan application agreement.

  • If you have a lower credit score, you could have higher interest rates and the shorter loan repayment period
  • The loan amount you borrowed, when coupled with the interest rates, could be higher than what your business is able to take on
  • If you need a higher loan amount, that could also mean higher interest rate, and you need to find a guarantor or asset to secure the loan amount you need

Upon applying for a business loan and getting approved by Bugis Credit, the loan amount will differ depending on your business assessment, repayment capabilities and requirements. Bugis Credit offers a business loan up to $200,000. The business loan amount you can take out will depend on the credit assessment, business strength and repayment capabilities. But rest assured that our professional loan officer will help you get the optimal loan amount that you qualify for.

Business loans are typically borrowed to expand business or make the cash flow steady in every business, helping the businesses expand or carry over through difficult times. However, in each step for business growth, you need to keep in mind the interest rate and loan tenure. Typically, business loan amounts can be repaid depending on the business loan plan offered by the moneylender.

The interest rates for a business loan range from 5% to 15%. The interest rate will be calculated and presented by our loan officers to help you understand how the interest rate is being applied on your loan contract.  As a borrower, you need to make sure you understand how much interest rate will incur on your loan, our loan officer is here to help you understand the different factors that make up your loan agreement.

With so many moneylenders offering these loan services, it is always important to be cautious when looking for a loan. It is a must to check all the certificates and license information of the moneylender before taking out a loan with them. This is to avoid getting trapped by loan sharks, licensed moneylenders operate under strict compliance under the Ministry of Law.

For those who are planning to apply for loans, it is your due obligation to ensure that the moneylender you are taking out a business loan is a licensed moneylender. Licensed moneylenders are tasked to operate by following the rules mandated under the Singapore Ministry of Law.

You can verify a moneylender’s credentials by checking this list by the Ministry of Law.  Licensed moneylenders are given permission to operate under strict guidelines, so it is always the best idea to verify the credibility of the moneylender that you are sending your loan application.

The first thing to keep in mind when choosing and comparing SME loans is analyzing the loan that matches your business’s needs. If you are only in need of short-term loans or short term financing to make a one-time purchase or spending then choose a loan plan repayment terms that will not be a burden during repayment. While other businesses require large amounts of loan to expand their business, capital or purchase additional assets then you need to decide the type and amount of loan you need.

Compare the interest rates and fees of moneylenders to get the best business loan that will match your business needs. Whether you’re applying for a temporary bridging loan or trade financing, Bugis Credit will help you get the best business loan for you!

This will depend on the moneylender you are applying for. Upon assessing the needs of your business, the moneylender will also assess your requirements and ability to pay the business plan. Once you get approved then you can choose from Unsecured Business Term Loan, Temporary bridging loan, SME Micro Loan, SME Working Capital Loan, or Trade Financing. But still, these offers will depend on what the moneylender is offering. You can call us today for a consultation and our professional loan officers are always here to help you.

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