SME business loans are designed to help small and medium-sized enterprises, especially in the manufacturing and service sectors, to fund their business. SMEs often need funds to start or expand their business. Loans are also handy for managing day-to-day cash flow, eg. if they have difficulty obtaining timely payment from their customers or when their goods are held up by customs or delivered late by suppliers.
These are undoubtedly challenging situations when you need cash fast to sustain the business, but when you turn to banks or financial institutions for SME loans, there are a number of strict criteria that you have to fulfil in order to qualify for a loan. For instance, you need to have an existing business. Therefore, if you are thinking of getting a loan to start your dream business, your dream ends here. If you do have a business already, your company needs to be classified as a micro, small or medium SME with its respective number of employees and yearly turnover. Then, you would need to show bank statements to prove a strong operating cashflow, which assures the bank that you are capable of repayment.
Call +6011-2930 9300 for Free Consultation
WhatsApp for Private Message
As such, getting your loan approved can be difficult if you are not able to fulfil the above mentioned criteria. However, there is no need to lose hope yet. There are licensed private money lenders who can provide financial solutions. We also offer several types of loans such as personal loan, business loan, and factory loans that are just the type of loan suitable for SME business.
It is easy to apply for an SME business loan from us. The process is simple, straightforward and transparent. Only a few documents are needed, hence you don’t need to spend time sourcing for your company’s records. Therefore, approval time is faster too, you can get a quick disbursement of cash in as soon as 24 hours from approval.
We have a team of professional loan consultants to help discuss and advise you on the terms of loan repayment so that you will be clear and comfortable with the new financial relationship that we will soon have. We offer a range of flexible repayment period because we understand that sometimes, things can be tough in managing an SME business especially when finances get tight. So if you require cash urgently for your SME business needs and happen to be staying in Kuala Lumpur and Selangor, do not hesitate to contact us.