Unsecured Term Loans

Unlock growth opportunities for your business in Singapore with unsecured business term loans. These collateral-free financing solutions provide essential funding for expansion and working capital needs, requiring minimal documentation.

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Why Us?

No Collaterals Required

Minimum Documents Required

Fast Approval

Tenor of up to 1 year

For local businesses in operation for at least 12 months

Participating Financial Institution Of

Why Term Loans?

Flexibility

can be used for a variety of purposes, including equipment purchases, expansion projects, working capital, and more.

Lower interest rates

have lower interest rates than other types of financing, making more affordable option for businesses.

Predictable

which means that businesses can anticipate monthly payments and plan finances accordingly.

Longer repayment terms

can provide longer repayment terms than other forms of financing

How does it work?

Take a look how to apply our product financing. It's so simple and easy to apply

Submit your documents and apply online

This process typically involves providing information such as the name, address, contact details, and payment terms.

Upon approval, the funds will be disbursed directly into your bank account

Once the loan is approved, we will disburse the funds into the borrower's bank account directly.

Monthly repayments will be done through GIRO

The borrower will then be responsible for making regular loan payments, typically on a monthly basis, until the loan is fully repaid. During the loan repayment period, the lender will provide loan servicing, which includes tracking loan payments, updating account information, and responding to any borrower inquiries or concerns.

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FAQs

What is the eligibility criteria for Unsecured Term Loans?

Common eligibility requirements include having a good credit score, a stable business history, a proven track record of revenue, and the ability to demonstrate the ability to repay the loan.

What are the documents required?

- Business Plan: A detailed business plan that outlines the company's goals, financial projections, and how the loan will be used.
- Financial Statements: Financial statements that provide a clear picture of the company's financial health, including income statements, balance sheets, and cash flow statements.
- Tax Returns: Business and personal tax returns for the previous year to demonstrate financial stability and the ability to repay the loan.
- Bank Statements: Bank statements that show the company's cash flow and financial stability.Legal Documents:
- Legal documents related to the business, such as business licenses, articles of incorporation, and ownership documents.
- Identification: Government-issued identification for the business owner or authorized representative, such as a driver's license or passport.

How long is the process from approval to disbursement of loan amount?

In general, The process typically takes several days to a few weeks.

What if I require more than $80k?

If you require more than $80k for an unsecured term loan, you may need to explore other financing options, such as secured loans, lines of credit, or venture debt.

How do I apply for an Unsecured Term Loan?

Applying for an unsecured term loan involves researching and comparing lenders, checking eligibility requirements, gathering required documents, filling out the application, submitting it to the lender, waiting for a decision, reviewing the loan terms, signing the loan agreement, and receiving the funds in your business account. It's important to carefully evaluate your business's financial situation and consider the potential costs and benefits of taking on debt before applying for an unsecured term loan. Additionally, maintaining good communication with the lender throughout the application and repayment process can help ensure a smooth and successful experience.

How is the loan disbursed to my business?

The disbursement process for an unsecured term loan can vary depending on the lender and the specific loan terms. In most cases, the loan is disbursed directly to the borrower's business account, either by a wire transfer or by a check that can be deposited into the account.

Resources

Press & media, financing guides and more

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Press & Media
GB Helios: Empowering SMEs with tailored and innovative financial solutions
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Smarter capital financing for a greener future with tech leasing solutions
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Shaping the future of finance: GB Helios at 10 years and beyond
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Disclaimer: The information provided on this page is for general informational purposes only and does not constitute financial, legal, or professional advice. While we make every effort to ensure the content is accurate and up to date, GB Helios accepts no responsibility for any loss or liability that may arise from reliance on this information.