Business Loan
101/2026
MinLaw licence number — check it on the registry
S$200,000
Maximum SME Facility [CONFIRM WITH CLIENT]
24 - 72 hrs
From approval to funds in your account
Rating 4.9
From 624 Google reviews — pull live from GBP
What you are applying for
An SME business loan that does not ask for your property
Prosperity rarely comes from employment alone. It comes from the business you build — and almost every business reaches a point where the idea is ready before the capital is.
That is the gap an SME business term loan closes. Food and beverage, party services, online selling, personalised products, customised goods: the fast-growing sectors in Singapore all need working capital at the moment orders arrive, not three months later.
We underwrite each application individually rather than running it through a scorecard. That is why we can look at a business a bank has already declined, and why the amount and the terms we offer are specific to your cash flow rather than a standard product.
You will not be pressured into payments within months because we understand you need to stabilise the business first. Repayment terms can be extended up to one year.
At a glance
Collateral required
none
Maximum facility
S$200,000 [CONFIRM]
Repayment frequency
Weekly, bi-weekly or monthly
Tenure
Extendable up to 12 months
Deduction method
GIRO
Early settlement penalty
none
Fee caps are set by the Moneylenders Act and apply to every licensed lender in Singapore. Anyone quoting you more is breaking the law.
Before you apply
The six documents that get an SME loan approved in one visit
01
Business registered in Singapore
The entity must be registered locally. Sole proprietorships, partnerships and private limited companies are all eligible — the structure matters less than the trading history.
02
Three months of company bank statements
These are what we actually read. They show revenue rhythm, seasonality and how much room there is for a repayment, which is the whole underwriting question.
03
Income tax notice of assessment, if any
If the business has filed, bring it. If you are newly incorporated and have not, that is not a barrier — show proof of income for the last three months instead.
04
Tenancy agreement
For the premises the business operates from. If you trade online without a commercial lease, tell us on the form and we will let you know what stands in its place.
05
Financial statement
Prepared accounts if you have them. If the business is already established, bring the income statement and balance sheet so we can evaluate properly.
06
Business profile from ACRA
A current ACRA business profile confirms the directors, shareholding and registered address. It costs a few dollars to download and saves a second appointment.
why borrowers choose us
We read your bank statements, not just your credit score
What SME owners tell us made the difference, in their words more than ours.
No waiting weeks
There is no need to wait for a bank committee. Funds can be released in as little as 24 to 72 hours after we receive your documents.
No collateral required
The loan is designed to boost your business, not to put your premises or your home at risk. Show capacity to repay and the application stands on its own.
A plan built for your business
We underwrite each application individually, which means the amount and the payment terms are the ones that fit your revenue, not a product tier.
Use the funds as you need
Equipment, research and development, staff salaries, paying suppliers — any legitimate business purpose.
Use the funds as you need
Equipment, research and development, staff salaries, paying suppliers — any legitimate business purpose.
A member of the association
OT Credit is a member of the Moneylender’s Association of Singapore and lends under Licence No. 101/2026.
Declined elsewhere?
Bad credit history does not stop us looking. Call and we will tell you honestly whether we can help.
three steps
How to apply for an SME business loan
step one
Submit the form
Tell us the business, the amount and roughly what the money is for. Five minutes, no documents needed yet.
step two
Bring the six documents
We call you back, usually the same day during opening hours, and confirm exactly which of the six apply to your business.
step three
Sign and receive funds
Once the documents check out and the contract is signed, funds are released in 24 to 72 hours.
One point worth being clear about
Singapore law requires every licensed moneylender to verify your identity face to face at their approved place of business before releasing any money. A loan approved and paid out entirely online is not permitted here. If someone offers you that, they are not licensed.
Frequently Asked Questions?
Cannot see your question? Call 6292 0119 during opening hours and ask a loan officer directly.
A business loan is financing that helps Singapore-registered businesses cover operating expenses, equipment purchases, or expansion needs, with funding typically approved within 24 to 72 hours.
OT Credit offers SME business loans, alongside other financing options like entrepreneur loans, bridging loans, and cash advance loans, depending on your business needs.
You’ll need proof your business is registered in Singapore, 3 months of company bank statements, income tax notice of assessment (if any), a tenancy agreement, a financial statement, and your business profile (ACRA).
OT Credit offers SME business loans of up to $200,000, with the exact amount and terms tailored to your business’s specific needs and repayment capacity.
An SME should consider a business loan when facing cash flow gaps, needing funds for equipment or staff salaries, or looking to expand operations without waiting on savings alone.
Fill out the online application form, then prepare your financial documents – income statements and balance sheets for existing businesses, or proof of income for the last 3 months if you’re just starting out.
Your business qualifies if it’s registered in Singapore and you can show the capacity to repay during the loan period – credit history is not a barrier to approval.
Approval and funding can take as fast as 24 hours, up to 72 hours, once all required documents are submitted.
Apply Now
Fill in the form or call 6292 0119. Free consultation, no obligation, and a straight answer either way.