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Entrepreneurs and SMEs in Singapore are often turned down for conventional loans from banks and large financial institutions – generally through no fault of their own. Banks have criteria and risk limits that may prevent loan acceptance. When the economy suffers a downturn or rebounds, banks and financial institutions tend to tighten the criteria for loan acceptance to exclude any requests considered “too risky.” Unfortunately, this strategy has the unintended consequence of marginalizing emerging and small company owners who have a strong chance of success.
To address this, the field of business finance provides a variety of alternative financing solutions to company owners who might otherwise be turned down by banks. However, lenders cannot constantly be on the lookout for new customers. Similarly, most entrepreneurs have no idea how to approach alternative lenders. Some company owners are unaware that business financing is an alternative to bank loans. This is where our loan brokering services come in.
So, how can you determine which lender is best for your company? And how do you find the best fit for you based on your specific business needs? You seek for it online, read some articles, and maybe talk to some other company owners, and you come to the conclusion that they all look and sound the same.
The truth is that there are many methods to save money by enlisting the help of a business loan broker to aid with your SME finance requirements and goals. If you take the time to weigh the benefits of working with a business loan broker, you will quickly realize that it is money well spent, particularly in Singapore.
We are not Financiers. We are small company entrepreneurs just like you who understand what it’s like to struggle to break even. We are aware that there are wolves in the wild that will exploit weaknesses in your company. We’re here to help you find the best financing options on the market.
Our funding advisors are experts. Our 100% law-compliant strategies are laser-targeted, experience-based and constantly up to date. We’ve got your back.
We have access to all the available options in the entire market, so you can always make an informed, smart and sound decision.
We go above and beyond to remain impartial for you, always. And we take care of everything meticulously so that you can spend your time on what you’re good at.
Onehub, an online loan brokerage platform, saves you a lot of time and energy, which is perhaps why most small company owners, particularly in Singapore, are attracted to us when beginning a business loan search.
Our goal is to offer SME with an objective, quick, and accurate means of finding the appropriate lender based on their particular requirements – while also providing financial institutions with a more cost-effective approach of acquiring new customers. We represent over 50 lenders, including banks, peer-to-peer lenders, and alternative lenders, all with one thing in common: a desire to offer the greatest loan and best-value costs. But there are many additional reasons why you should utilize Onehub.
There are many alternative lenders available these days for company financing—banks and other financial organizations are no longer your sole options. By using Onehub business loan broker, they will be able to link you to more alternatives than you would discover on your own, resulting in you receiving the funding you need in the quickest amount of time possible.
Through our unique platform, we will develop a plan for submitting your loan application to several other various lenders. This way, you may get the greatest possible rate. For SME owners, being able to compare how much your loan would cost is a huge money saving. Whether you just engage with one lender, you’ll never know if you might have received a better offer elsewhere, and if they reject you, you’ll be disappointed.
Onehub works with lenders 24 hours a day, seven days a week. As a result, our brokers have developed relationships with a large network of lenders. You can obtain the greatest deal on a small business loan for your company if your firm has the proper contacts and understands how to work with lenders.
Just because you run an SME doesn’t imply you know all there is to know about business loans in Singapore. As a result, if you are presented with any jargon financial words on your loan offer, you may not be able to completely understand everything.
What is the difference between invoice financing and invoice factoring? What is the difference between business and personal credit? It may get perplexing. In principle, business loan brokers will be able to clarify all of the complex terms and acronyms connected to your loan offer.
It’s critical to know that the lenders you’re dealing with are legitimate. Devise has evaluated our existing lender list and is constantly looking for partners that match our high criteria in order to assist our company owners.
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