Micro Loans

Micro Loans are small unsecured loans between $10,000 to $150,000 to fuel your SME business. These flexible, short-term loans can be a very useful alternative to larger business loans.

Fulfilled by FS Capital Pte. Ltd.

A Micro Loan operates by providing small-scale financial assistance to businesses, typically with relatively low loan amounts. These loans are often easier to qualify for than traditional bank loans and come with simplified application and approval processes. 

Borrowers receive a specific sum, which they must repay with interest over a predetermined period, usually in regular instalments. Micro Loans are commonly used for various purposes, including covering business expenses, purchasing equipment, or addressing SMEs other financial needs to grow their business, making it a valuable resource for those who require modest amounts of funding.
 

In order to process an application quickly and efficiently, please provide the following documentation in your loan application:

- Latest 6 months business bank statement with a cutoff date being 10th of the month. For example, if an application is made on the 10th of the month onwards, you will require last month’s bank statement.
- Credit Bureau report for Guarantors (30 days validity)
- Latest 2 years Notice of Assessment for Guarantors
- An image of the front and the back of your NRIC card.
 

We do not offer personal loans currently.

Depending on your needs and the nature of your loan, you could apply for a period/tenor of up to 18 months.
 

For additional product offerings from Funding Societies, please refer to https://fundingsocieties.com/sme-loans.