Business Loans

Are you thinking about starting a business? Or perhaps you want to expand your existing one and elevate your profits to new heights? Our business loans at HHL Credit are here to support your dreams.

If you’re a business owner in Singapore looking to boost your cash flow, we’re here to help make it happen. Our application process is straightforward and hassle-free because we believe in making things easier for you, not harder. As such, instead of waiting weeks or even months for traditional bank loan approval, you can rely on our business loan options for fast approval. Additionally, our extensive and diverse loan services ensure that you’ll find the right option to match your needs. Whether you’re aiming to expand your business or need extra cash flow, HHL Credit has the right solution for you.

Explore our business loan options today and see how we can help your business grow and thrive. We’re here to support your journey every step of the way.

Who Can Apply for a Business Loan?

Established Businesses
Any business that has been operational for a certain period, typically at least six months, can apply for a business loan. Whether you’re a small business or a larger enterprise, if you have a steady revenue stream, you’re eligible to apply.

Startups
New businesses looking to secure initial funding for operations, product development, or market entry can apply for a business loan.

Entrepreneurs
Got a clear vision and strategy for your business? We can provide the necessary funding to help you get started.

Businesses in Need of Expansion
If your business is ready to grow but lacks the necessary funds, you can apply for a business loan. Our loans can help you expand your operations, hire more staff, purchase new equipment, or enter new markets.

Businesses Seeking Financial Flexibility
For businesses that need quick access to funds for various purposes, including managing cash flow, dealing with unexpected expenses, or capitalising on new opportunities, a business loan offers the financial flexibility you require.

Why Get a Business Loan?

Short-term Capital Injection

Hiring and Expansion

Financial Flexibility

Launching New Products

Businesses often face unexpected expenses or opportunities that require immediate funding. A business loan provides the short-term capital injection needed to manage cash flow or top up existing bank financing, ensuring your operations continue smoothly.With a business loan, you can hire more employees, purchase essential equipment, and fulfil large orders without straining your existing resources.Business loans offer the flexibility to access funds quickly, whether for emergencies or planned investments, allowing you to respond to market changes and opportunities effectively.Introducing new products or services requires substantial investment. A business loan gives you the extra firepower needed to research, develop, and launch new offerings, helping you stay competitive and meet customer demands.

Short-term Capital Injection

Businesses often face unexpected expenses or opportunities that require immediate funding. A business loan provides the short-term capital injection needed to manage cash flow or top up existing bank financing, ensuring your operations continue smoothly.

Hiring and Expansion

With a business loan, you can hire more employees, purchase essential equipment, and fulfil large orders without straining your existing resources.

Financial Flexibility

Business loans offer the flexibility to access funds quickly, whether for emergencies or planned investments, allowing you to respond to market changes and opportunities effectively.

Launching New Products

Introducing new products or services requires substantial investment. A business loan gives you the extra firepower needed to research, develop, and launch new offerings, helping you stay competitive and meet customer demands.

Get a Business Loan in 4 Easy Steps

#1. Call or Apply Online
#2. Visit Our Office
#3. Finalise Loan Plan
#4. Receive Cash Instantly
Start by contacting us at +65 6732 1998 or conveniently apply online to schedule an appointment at your preferred time.
Come into our office at your scheduled appointment time. Our team will work with you to create a customised loan plan that meets your business’s specific needs and repayment capabilities.
Review and agree on the loan terms, including the repayment schedule and any applicable fees, to finalise your new loan plan.
Once the contract is signed, you’ll receive your cash loan within the hour, providing you with the immediate funds needed to support your business.
#1. Call or Apply Online
Start by contacting us at +65 6732 1998 or conveniently apply online to schedule an appointment at your preferred time.
#2. Visit Our Office
Come into our office at your scheduled appointment time. Our team will work with you to create a customised loan plan that meets your business’s specific needs and repayment capabilities.
#3. Finalise Loan Plan
Review and agree on the loan terms, including the repayment schedule and any applicable fees, to finalise your new loan plan.
#4. Receive Cash Instantly
Once the contract is signed, you’ll receive your cash loan within the hour, providing you with the immediate funds needed to support your business.

Why Get a Business Loan from HHL Credit

Speedy Call Backs

Attractive Interest Rates and Fees

Transparent Terms

Flexible Repayment Plans

We understand that time is crucial for your business. That’s why we ensure speedy call backs once your application is received, so you can get the financial support you need without delay.Our business loans come with highly competitive interest rates and fees, making it easier for you to manage repayments and reduce financial stress.We believe in full transparency. All loan terms are clearly explained, with no hidden fees or unexpected charges, so you can make informed decisions.Our flexible repayment plans are designed to suit your business’s cash flow and financial situation, giving you the flexibility to repay your loan comfortably.

Speedy Call Backs

We understand that time is crucial for your business. That’s why we ensure speedy call backs once your application is received, so you can get the financial support you need without delay.

Attractive Interest Rates and Fees

Our business loans come with highly competitive interest rates and fees, making it easier for you to manage repayments and reduce financial stress.

Transparent Terms

We believe in full transparency. All loan terms are clearly explained, with no hidden fees or unexpected charges, so you can make informed decisions.

Flexible Repayment Plans

Our flexible repayment plans are designed to suit your business’s cash flow and financial situation, giving you the flexibility to repay your loan comfortably.

Features of Loan

Borrow Loan Amounts up to :                 Up to $100,000 for Business Loans
*(Subjected to Loan limits set out in the Moneylender’s Act depending on each borrower’s situation)

Minimum Annual Percentage Rate :       24% per annum (2% per month)
Maximum Annual Percentage Rate :      Up to 47% per annum on reducing interest rate (3.92% per month)
Minimum Period for Repayment :           From 1 months (31 Days Onward)
Maximum Period for Repayment :          Up to 12 months
No guarantor required
No collateral needed

Calculate Your (ESTIMATED) Loan Rate

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Calculator Disclaimer

The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.

Documents to Prepare

Borrowers that are able to meet this requirement are eligible to take out a loan from us:

  • Bank statements of your business within the last 6 months
  • A tenancy contract for your existing business site
  • NRIC/ID/Passport of your company’s owners or directors
  • Most recent ACRA printout
  • Local incorporated corporation/firm
  • Latest 3 to 6 months:
  • 1) Corporate Bank Account Statements
  • 2) Balance Sheet
  • 3) P & L Statement
  • Title deeds / Proof of assets (Secure Loan)
  • Company seal/stamp

    *We reserve the right to ask for further documentation as and when needed on a case-by-case basis

​Our loan tenure ranges from a minimum of 1 month (31 days onward) to a maximum of 12 months. The Annual Percentage Rate (APR) for our Business Loan varies from a minimum of 24% to a maximum of 47% per annum, for a tenure of one year.

FAQs about Business Loans

What should I consider when taking a business loan?

When taking a business loan, consider your business’s financial health, the loan amount needed, repayment terms, interest rates, and the purpose of the loan. HHL Credit offers flexible repayment plans and attractive interest rates to suit your specific business needs.

What are the advantages of taking a business loan?

Taking a business loan can provide the capital needed for expansion, hiring more employees, purchasing inventory, and launching new products or services.

Will my lack of credit history be an issue?

A lack of credit history is not a barrier to obtaining a business loan with HHL Credit. We assess each application individually, considering various factors beyond just credit history.

Who can apply for a business loan with HHL Credit?

Any business owner in Singapore can apply for a business loan with HHL Credit. Whether you are a start-up, an SME, or a growing enterprise, our business loans are designed to provide the necessary financial support to help your business succeed.