Business Term Loan Singapore — Up to $20M for established SMEs.

A business term loan provides a lump sum that is repaid in fixed monthly instalments over an agreed tenure — typically 1 to 7 years. Working capital loans are usually shorter-term revolving facilities for operational cash flow. Term loans are structured for larger, specific capital needs: business expansion, acquiring a competitor, refurbishing a commercial space, or funding a major contract that requires sustained capital over months. The loan amount is fixed at drawdown; you repay principal and interest monthly from day one.

For unsecured term loans up to $5M, most banks require no collateral — just a strong business profile, clean credit history, and financial statements. For amounts above $5M, banks typically require a personal guarantee from directors and often property or asset security. EFS Fixed Assets loans use the asset itself as security. If you have property or significant business assets, pledging them as collateral can unlock better rates and higher loan amounts than an unsecured facility.

Banks require: 2 years of audited financial statements (or certified management accounts if audit is not required), 12 months of corporate bank statements, latest ACRA BizFile+ profile, director NRIC/passport, and Notice of Assessment for all directors. For amounts above $1M, most banks also want management accounts for the current year-to-date period. We help you package this correctly — a well-prepared application can cut 3–5 days from approval time.

Standard bank term loans typically take 7–14 business days from complete document submission to approval. Broker-assisted applications move faster because we pre-screen documents, correct issues before submission, and have established relationships with credit teams at major banks. Our fastest term loan placement was 5 business days for a $1.2M facility with UOB. Complex applications with property collateral or structured repayment schedules can take 3–4 weeks.

Yes — acquisition financing is a legitimate purpose for a business term loan. Banks assess the acquisition target's financial health alongside yours. You'll typically need: the acquisition agreement, the target's financial statements, a business plan showing post-acquisition cash flow, and your own financial history. Most banks want the combined entity to have EBITDA that comfortably covers repayment. We have placed acquisition financing from $500K to $8M through this route.