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Raffles Credit Pte Ltd is a licensed moneylender (License No. 55/2021) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Licensed Money Lender Personal Loan Chinatown

Chinatown Money Lender

Chinatown is located in the Central area of Singapore. It is rich in Chinese history due to its large Chinese population.

 

Many sections within Chinatown have been declared national heritage sites. There is so much to do and see in Chinatown. You can visit the area’s temples, churches, and mosques to pray and admire the architecture.

 

Chinatown’s Street Market is an excellent place to shop till you drop. And if you want to speak your mind, Hong Ling Park is the place to be. 

 

Other attractions include galleries, museums, and heritage centers. You can also bungee jump at the G-Max Reverse Bungy if you enjoy extreme sports. And when you are done, there are many eating and drinking spots in which you can relax and unwind.

 

Because of the hustle and bustle of Chinatown, it’s a wonderful location to do business. But growing your business may require financing.

 

What is a SME Business Loan and How Does It Work?

An SME business loan is any loan that is given to a small- or medium-enterprise for business purposes. They come in many forms. You can use such loans to:

 

  1. Buy business equipment
  2. Expand the business operations
  3. Improve cash flow
  4. Provide capital for starting a business
  5. Increase your workforce
  6. Provide financial relief in times of economic distress
  7. Pay off your existing business debts

Some business loans that Chinatown moneylenders will offer will be secured while others will be unsecured business loans. It all depends on the kind of business loan product you choose and its terms and conditions.

 

Advantages of Taking SME Business Loan with a Money Lender

You can find business loans from different sources. But not every source is the right one for your needs. For that reason, you should consider taking an SME business loan with a licensed money lender. Here’s why:

 

  • Fair terms and conditions

You can access the business loan that you need even when you have been in operation for just a year. The interest rates you pay will be much lower than what you would be charged by loan sharks. 

 

  • Large loan amounts

You will be able to access large amounts of money that you would not have access to otherwise. And even when you need larger amounts beyond what is usually offered, you can get it if you offer collateral.

 

  • Credit history doesn’t matter

Moneylenders tend to look at your ability to pay in the future rather than what mistakes you have made in the past. So, you can get a business loan even if your credit history in the past has been negative.

 

How to Apply?

There are steps that you need to follow to apply for a loan. These include the following:

 

  1. You should contact the moneylender either by phone or through the online form on the website. Be sure to provide all the required details
  2. Once your SME business loan is pre-approved, you should set up an appointment and visit the lender in person. Ensure you have all your paperwork in order. These may include business contracts or invoices, tax information, details of company ownership, bank statements, and company profile information.
  3. Ask questions when your business loan terms are being explained to you. The goal is to get it customized to your needs as much as possible.
  4. Sign your loan agreement.
  5. Get your SME business loan.

 

How Our Company Can Help Them? Why Us? 

Raffles Credit is a licensed moneylender that offers unsecured business loans of up to $200,000. We can help you grow your business. You should choose us because we offer tailored business solutions that are suited to your financial needs.

 

Conclusion

Would you like to grow your business in Chinatown? Let us help you. Reach us at +6562351788.

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