Personal Financing for Business Owners
BST Credit offers a business loan in Singapore for directors of ACRA-registered companies who need funds quickly. Loan terms follow the same fair, transparent rates as our personal loans, based on your personal income, so there's less paperwork than a typical bank SME loan.
Apply for a Business Loan
Loan Purposes
Whether it's bridging a cash flow gap or funding a business expense, a business loan gives you the flexibility banks and SME financing schemes often can't offer smaller business owners.
Cover day-to-day expenses, supplier payments, or payroll during a temporary dip in revenue.
Fund inventory, tools or small equipment purchases without waiting on a lengthy bank approval process.
Manage the gap between completing work and receiving payment from a client or contract.
Handle a sudden repair, renewal fee, or other unplanned business expense that can't wait.
Built around you, not your company’s financials:
Once your business meets our eligibility criteria, the loan itself works just like a standard personal loan: assessed on the applying director’s personal income, rather than requiring audited company accounts or a lengthy financial track record the way many bank SME loans do.
As a licensed moneylender, we still explain your loan contract clearly before you sign, covering the loan amount, interest rate, repayment schedule and fees, so you know exactly what you’re agreeing to.
Once you meet our business eligibility criteria, the maximum you may borrow at any time, across all licensed moneylenders in Singapore combined, is based on the applying director’s personal annual income and residency status, as shown below, not the company’s revenue.
Not sure what your monthly repayments might look like? Try our Loan Calculator to get an estimate before you apply.
| Annual Income | Singapore Citizen and Permanent Resident | Foreigners Residing in Singapore |
|---|---|---|
| Less than $10,000 | $3,000 | $500 |
| $10,000 but less than $20,000 | $3,000 | $3,000 |
| $20,000 and above | 6 times the monthly income | 6 times the monthly income |
These limits apply specifically to unsecured cash loans in Singapore. Here’s what borrowers should keep in mind:
If your business needs a larger amount of financing than a personal loan can provide, it may be worth also exploring bank SME loans or government-backed schemes such as Enterprise Singapore’s financing programmes, which assess your company directly and can offer significantly higher amounts.
As a licensed moneylender, we are bound by strict limits set by the Ministry of Law. Here is what applies to your business loan:
Before taking on a loan for your business, take a moment to consider whether the repayments fit comfortably alongside your personal income and existing commitments, since this loan is your personal responsibility to repay, separate from your business’s finances. Borrow only what you need. Our responsible borrowing checklist is a useful starting point before you apply.
Prepare Your Documents
Submit the necessary documents to verify your business and personal information, or apply with Singpass to skip manual uploads for your personal details.
Must be a Private Limited Company registered with ACRA
The applying director must be a Singapore Citizen, PR, or a foreigner residing in Singapore
The business must have been in operation for at least 6 months
21 years old or above
Your company's BizFile from ACRA
NRIC, FIN, or Passport with a valid pass
Additional supporting documents may be required, please contact our office for more information
Loan Benefits
Financing built for business owners who don't fit a bank's mould.
Assessed on your personal income and business ownership, not audited accounts or years of trading history.
Every rate and fee is disclosed upfront and capped within Ministry of Law limits, so you always know what you're agreeing to.
A practical option if your business is too new, too small, or doesn't meet a bank's SME lending criteria.
Real people and real guidance, from your first question through to your final repayment.
Loan Application Process
Apply online first, receive a verification call, visit our licensed office to review and sign the
loan contract, then receive your funds after approval.
Submit your loan application online with your basic details and preferred loan amount.
Our team will contact you to verify your details, understand your loan needs and guide you on the next step.
Visit our licensed office for in-person verification. The loan amount, repayment schedule, interest and fees will be explained before you sign.
Once your loan is approved and the contract is signed, the approved loan amount will be disbursed to you.
What Borrowers Say
See why borrowers trust BST Credit for clear loan terms, helpful service and a smooth application process.
FAQ
Answers to common questions about personal financing for business owners in Singapore.
To be eligible for a business loan, you’ll need to meet the following:
Once you meet the business eligibility criteria above, your business loan follows the same terms as a standard personal loan from a licensed moneylender. The loan amount is based on the applying director’s personal annual income and residency status, and interest is capped at 4% per month, the same limits set by the Ministry of Law that apply to all our unsecured loans.
Bank SME loans and government-backed schemes assess your company’s revenue, financial statements and trading history in detail, and typically offer significantly larger loan amounts as a result. A BST Credit business loan is assessed on the applying director’s personal income instead, which can make it a faster, more accessible option, though the loan amount available is smaller, in line with standard personal loan limits.
Licensed moneylenders in Singapore are regulated by the Ministry of Law to keep borrowing fair and transparent.
You’ll generally need your company’s ACRA business profile (BizFile), the applying director’s NRIC, FIN or passport with a valid pass, and supporting documents. Please contact our office for more information on what’s required for your specific application.
You can check the official Registry of Moneylenders maintained by the Ministry of Law. Always apply only through official websites or verified contact channels to avoid unlicensed lenders. Read our full guide on how to check if a moneylender is licensed for a step-by-step walkthrough.
The Registry of Moneylenders cannot negotiate with lenders on your behalf, as this is a matter of private contract. If you’re facing financial difficulties, you may wish to approach a social service agency for credit counselling and help negotiating a repayment plan, such as Credit Counselling Singapore (6225 5227), which handles cases that also involve bank debts.
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