Plenty of healthy Singapore businesses still hit a cash wall. The orders are there and the team is there, but the working capital to fund the next stretch is tied up in payroll, stock, and slow-paying customers. An unsecured bank term loan exists to close that gap without putting your property on the line.
What an unsecured term loan is
An unsecured business loan is funding a bank extends on the strength of your business rather than against an asset. There is no property pledged. The bank looks at how your company actually trades and decides whether to lend, and how much.
For many owners this is the cleanest first option. It tends to offer longer tenure and lower cost than short-term private funding, and it keeps your property out of the conversation entirely.
What lenders actually look at
The decision turns on a handful of things, and Kenny helps you put each one in its best light:
- Time in business, usually at least two years of incorporation
- Revenue and how steady it is across the year
- The health of your bank statements month to month
- Director profile and credit standing
- A genuine, sensible use for the funds
The options Kenny reviews
There is rarely just one route. Depending on your profile, Kenny may review a bank working-capital loan, a bank in-house term loan, a digital-bank business loan for a faster application path, or a revolving line you can draw, repay, and draw again within an approved limit.
When it fits, and when it does not
This route suits incorporated SMEs with stable revenue and clean statements that need funding for payroll, inventory, expansion, or general working capital. If you need a much larger sum than your cash flow can support, a property-backed route may stretch further. If the need is genuinely urgent and a bank cannot move in time, short-term private funding may bridge the gap, at higher cost.
What speeds it up
Having six months of business bank statements, two years of personal NOA (Notice of Assessment), and your latest financial statements ready tends to make the review faster and clearer. Tell Kenny what the money is for, and he will come back with a grounded read on what your business could support.
Illustrative guidance only. Subject to eligibility, valuation, lender criteria, and approval. No guaranteed approval.