Use of Working Capital Loan
Sometimes you may need additional financial due to an unforeseen situation. It might be just a little bit short to cover the other expenses of a project. A working capital loan allows you to continue daily operation to cover ongoing operating expenses. Whether your business is trading, services or manufacturing, you need additional capital to operate until business revenue can stabilize. This is where we as licensed money lender can help.
This loan is open for businesses operating in shop lots, offices or a factory. And usually, the businesses operate for more than 1 year. Besides, this business should also be registered with SSM. In addition, the borrower must also submit 6 months’ bank statements. Last but not least, we also require IC copy of the directors of the company. If any of the above requirements are not fulfilled, the loan application will be assessed individually.