We all know that trying to obtain finance and get a loan can be a daunting experience. A loan is not something that you can just go and buy ‘off the shelf’, it is a unique product tailored to suit individual financial circumstances.
If you have ever struggled to increase the capital for your business, you would have heard recommendation such as “enhance your cash flow, ensure your debts are in order”.
While these are sound advice, they forgot to mention an important point- most SME business proprietors are just too busy dealing with their business, to worry about other things!
Usually, applying for a business loan can be a huge challenge. With many different banks to choose from, different processes and requirements, you would have to waste a lot of precious time negotiating with bankers and preparing your documents.
As a loan is tailored to your individual circumstance, it is impossible to indicate which Lender you will receive your loan from, or at what interest rate. This will all depend upon your credit history and rating. The higher your credit rating, the lower the interest rate. At this point you may need a person who has the experience, however, will ensure that you get the best advice and the best rate available from him and that person called “loan broker”.
Whereas some lenders may refuse a loan due to bad credit, or discriminate between homeowners and tenants, usually bank loan brokers have access to lenders who will be sympathetic to your loan requirements whatever they may be, good or bad credit history, homeowner or tenant.
Whether you are looking to consolidate expensive credit or debt, raise money for a special purchase, some home improvements, new kitchen or bathroom, a new car or a dream holiday or any other reason, Singapore bank loan broker are sure that they will be able to help, They can help even if you have been turned down for a loan elsewhere.
Your financing broker struggle to get your loan application dealt with swiftly and effortlessly on your behalf to ensure the fastest payout for you, at the very best interest rate that is available.