Do you have a have a small or medium enterprise that you want to grow? Are you facing money crunch lately to finance your business? If yes, you can take an SME loan from a licensed money lender such as Fast Business Loan Malaysia. In addition, private moneylenders provide loans at lower rate of interest and are flexible according to the condition of your business and other sources of income.
SME business loan implies providing financial support to small and medium scale enterprises. Many times, small and medium enterprises face issues regarding Central Credit Reference Information System or CCRIS or they do not have a guarantor or collateral security for the loan. Fast Business Loan Malaysia helps SME entrepreneurs to have funds they need for their business.
Loan for SME asset acquisition
You can take the following types of loans for asset acquisition:
Term Loan
It has a specific schedule of repayment and a floating rate of interest.
Bridging facilities
This is an interim financing to let the entrepreneur fund present obligations by giving them cash for a short- term requirement that is impediment for long- term earning or financing.
Leasing
It allows a party to convey building, land or equipment to another in return for certain periodic payment for a certain time
Short- term business financing to have working capital
You can take short- term SME loans such as:
- Overdraft
- Revolving Credit
- Factoring
Trade financing
A few common facilities for trade financing include:
- Bills of Exchange
- Letter of Credit
- Trust receipts
- Bankers acceptance
- Contracts of Foreign Exchange
- Financing Export Credit
Loans for SME are a great option to fund your present and future needs, but you must take it from a trusted and licensed moneylender.
Documents Required:
- I/C (front and back)
- Form 24 , Form 44 , Form 49; OR Form SSM
- 6 month bank statement ( Company ) & (Director)
- latest electricity and water bill
Check out our Business Loan.