Finding the right lenders for small business loans in Singapore can be challenging, especially with so many banks, financial institutions, and licensed moneylenders offering similar products.
At ROSHI, we simplify this process by curating a trusted list of lenders who cater specifically to SMEs and microbusinesses. Our platform filters lenders based on your business profile, industry, and loan requirements—eliminating guesswork and helping you secure funding faster. Whether you're a startup or a growing company, our lender-matching system ensures you’re paired with institutions that truly understand SME needs.
We help you explore and apply for the best small business loans by comparing multiple lenders in one place. Our comparison engine considers factors like interest rates, repayment flexibility, processing speed, and eligibility criteria.
Rather than applying blindly, you gain access to personalized loan recommendations based on your business goals and financials. ROSHI empowers business owners to make informed borrowing decisions with full transparency, so you can focus on growing your enterprise—not chasing paperwork.
ROSHI supports the backbone of the economy—Singapore’s SMEs—by offering a smarter way to secure SME loans Singapore businesses need.
From working capital loans to equipment financing and invoice factoring, our tools and specialists are designed to help local entrepreneurs find practical financing solutions. We assist in navigating government-backed loans, private funding, and hybrid packages that suit your stage of growth. With insights tailored to Singapore’s regulatory and business landscape, you’ll get guidance that’s both strategic and localized.
When your business needs urgent cash flow, time is of the essence. That’s why we specialize in connecting SMEs with quick small business loans that offer same-day or next-day approval
Licensed moneylenders have more flexible income requirements and may offer personal loans of up to 6 times your monthly salary. So, with an annual income of $30,000, you could potentially qualify for a loan of up to $15,000 from a licensed moneylender. However, the exact loan amount also depends on other factors like your total debt servicing ratio, credit score, employment length, and existing debt obligations.
Lender | Annual Interest Rate | Processing Fee | Annual Fee | Monthly Repayment |
---|---|---|---|---|
Anext | 7% | 1% or S$200 whichever is higher | $0 | $2,970.18 |
DBS | 6% | 1% | no | $2,899.92 |
Maybank | 7% | 1-2% | $2,970.18 | |
OCBC | 7.5 % | 1-2% | no | $3,005.69 |
Orix | 8.5 % | 1-2% | no | $3,077.48 |
Ethoz | 9 % | 1.25% | One time off $1,500 Commitement Fee | $3,113.75 |
Funding Societies | 9.6 % | 7% | $3,157.61 | |
SCB | 10.88 % | 1-3% | $288 | $3,252.39 |
* Rates Updated 14 Jul 2025 - Loan Amount Example S$150,000 In 5 Years
Small business loans in Singapore are purpose-built financing options designed to support Small and Medium Enterprises (SMEs) across various industries. These loans serve a wide range of business needs, from daily operations and payroll to inventory purchases and business expansion. Whether you’re running a tech startup, a retail outlet, or an F&B business, business financing can provide the cash injection needed to stay agile and competitive.
Lenders typically assess the company’s financial track record, monthly revenue, and business duration to determine loan eligibility and terms. Loan amounts can range from a few thousand dollars to hundreds of thousands, with repayment periods typically between 6 months to 5 years. Interest rates vary based on the type of lender—banks usually offer lower rates but stricter requirements, while licensed moneylenders offer more flexible criteria and faster processing times.
With government initiatives like the Enterprise Financing Scheme (EFS) and an increasing number of digital lenders in the market, SMEs now have greater access to tailored loan solutions. These financing options are often unsecured, meaning no collateral is needed, making them ideal for smaller businesses with limited assets.
A small business loan is more than just capital—it’s a stepping stone toward business resilience, growth, and long-term sustainability.
A small business loan is a type of financing that provides entrepreneurs and SME owners with quick access to working capital. In Singapore, these loans are commonly offered by banks, financial institutions, and licensed moneylenders, catering to both startups and established businesses.
Typically, the loan amount can range from S$5,000 to S$500,000, depending on the business’s financial health, credit history, and monthly turnover. The funds can be used for multiple purposes including equipment purchase, inventory restocking, marketing expenses, or cash flow management.
Most small business loans in Singapore are unsecured, which means no physical collateral is needed. Instead, lenders assess the borrower’s business performance and ability to repay. Repayment tenures usually range from 6 to 60 months, and interest rates may vary between 5% to 15% per annum, depending on the lender and risk profile.
Unlike personal loans, business loans may also come with structured repayment terms, early repayment options, and customized disbursement plans. Some lenders also integrate with Singpass Myinfo Business, streamlining the application process and speeding up approval.
Small business loans offer a reliable and scalable financing solution, allowing entrepreneurs to focus on growth, innovation, and long-term profitability.
A small business loan is a type of financing designed to support SMEs (Small and Medium Enterprises) with their operational or expansion needs. These loans can be offered by banks, licensed moneylenders, or government-supported institutions, with varying repayment terms and interest rates.
Eligibility typically depends on factors such as business registration in Singapore, a minimum operational period (e.g., 6 to 12 months), steady revenue, and a clean credit history. Some lenders may also require the business owner to be a Singaporean or PR.
Loan amounts vary depending on the lender, but SMEs in Singapore can generally borrow between S$5,000 to S$500,000, depending on their financial profile, creditworthiness, and loan purpose.
You usually need to submit the following:
– ACRA business profile
– NRIC of directors/shareholders
– Recent bank statements (usually past 6 months)
– Financial reports (Profit & Loss, Balance Sheet)
– Business tax returns
Approval timelines vary. Some licensed moneylenders or alternative lenders may approve loans within 24–48 hours, while traditional banks may take up to 1–2 weeks due to more comprehensive evaluations.
Yes, under the Enterprise Financing Scheme (EFS), eligible SMEs can access working capital loans with government risk-sharing support. These are offered through participating financial institutions.
Lenders evaluate your business’s financial health through documentation like bank statements, profit and loss reports, and cash flow statements. Keeping these records up to date boosts credibility and speeds up loan approval.
Whether it’s your personal credit score or your business credit profile, a healthy score increases your chances of securing loans with favourable terms. Aim for consistency in repayments and avoid high credit utilisation.
Clearly define how you plan to use the loan — whether it’s for inventory expansion, staffing, or equipment upgrades. This not only helps you borrow responsibly but also reassures lenders of your intent.
Explore options from banks, licensed moneylenders, and alternative financiers. Different providers offer varied interest rates, tenures, and processing fees, so use a business loan comparison platform to find the most suitable deal.
Provide accurate business information and full disclosure of outstanding debts or obligations. Transparency builds trust and helps avoid processing delays or rejections.
Understand key terms like interest rates, early repayment penalties, disbursement method, and late payment fees. Always read the fine print to ensure alignment with your cash flow and repayment capability.
Mastering your loan moves starts with understanding the real cost of borrowing. We believe in empowering you with the right knowledge to make smart financial choices, not quick fixes that lead to debt traps. Our commitment is helping you borrow wisely and stay in control of your money.
Read Our Borrowing Guide.Don't be a fool! #roshi #singapore #lending #borrowing
Trust the original! #roshi #singapore #lending #borrowing
.Don't be a fool! #roshi #singapore #lending #borrowing
Trust the original! #roshi #singapore #lending #borrowing
.Don't be a fool! #roshi #singapore #lending #borrowing
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