Return to site

How an Authorised Money Lender Helped Me Get a Business Loan

· Finance

After working as a business consultant for a local Singapore makeup brand for years, I decided to quit my job and started my own business. Since I am knowledgeable about the consumer behaviour of the people of Singapore, I used this advantage to become a distributor of cosmetics. I also made some connections during the time I worked as a business consultant so I thought it won’t be hard to find suppliers and clients.

Trusted Money Lender in Singapore

Now the only problem was that I don’t know where to get enough funds to start my business. Fortunately, I discovered a money lender in Singapore. We can get a business loan from them even if I am a foreigner. I was kind of hesitant to take a loan from them at first because I am not sure if their service is reliable. I’m afraid that I might experience more financial problems if I am not careful. But as I researched further about them, I found out that their services are licensed under the Registry of Moneylenders in Singapore. Also, when I asked my girlfriend about this money lender, she told me that she had taken a personal loan before. She said that their services are great because it doesn’t take long to process her request.

Since I received positive feedback from a trusted source, and I discovered that they have a good background, I decided to take a business loan from them.

Applying for a Business Loan

I wasn’t sure how I was going to take a business loan when I got there. Good thing, their staff is very friendly and accommodating. I was immediately assisted and they helped choose an appropriate business loan.

I thought it was going to be complicated and it will take a long time before the business loan that I requested will be processed. I was surprised that it didn’t. After filling up the forms that were given to me, the staff that assisted me filled me up with all the details that I have to know in just a few minutes. She asked me to wait for a while because she will need some time to process the loan. I thought I should get a cup of coffee first and come back, but she told me it wouldn’t be long. In just an hour, she called me again and gave me a detailed breakdown of my loan. Everything was explained to me, and after confirming, she asked me to sign the approval and agreement the next time I come back with the required documents.

Flexible Payments

What I also liked about the one this licensed money lender is that they allow a flexible repayment scheme. This was very convenient to me whenever I fell short of funds every month. They allowed me to adjust and extend my payment terms so that I could easily pay for my loan without incurring penalties.

If ever I need to get a loan again, I will definitely take one again from Power Credit Enterprise. They are truly a trusted money lender in Singapore that provides quality services to their clients. So, if you are looking for an authorised money lender, consider choosing them now!