Who Qualifies

■ Bank business loans

• Singapore-registered business (Pte Ltd / sole prop)
• At least 2 years in operation
• Annual revenue of S$300,000 and above
• Profitable or near-profitable financials
• Director(s) with good personal credit score
• No recent CCJ or bankruptcy history

■ Some banks offer EFS loans backed by Enterprise Singapore with lower bars for newer SMEs.

■ Private Funder loans

• Singapore-registered business
• As little as 3–6 months in operation
• Proof of business income or invoices
• Director NRIC and personal guarantee
• No active bankruptcy proceedings
• Collateral may be requested for larger amounts

■ Private Funders are licensed moneylenders, regulated by MinLaw with interest capped at 4%/month. Verify any Private Funder at moneylenders.registry.sg.

For businesses (Pte Ltd / LLP)

• ACRA business profile (recently issued)
• Last 6–12 months of company bank statements
• Latest 2 years of financial statements or management accounts
• Directors' NRIC (front and back)
• Directors' latest IRAS Notice of Assessment
• GST F5 returns, if GST-registered

For individuals (personal loans)

• NRIC (front and back)
• Latest income documents — payslips or Notice of Assessment
• CPF contribution history (for salaried applicants)
• Recent bank statements (for self-employed applicants)