Want to start a business but am experiencing cash flow issues? Then our start-up loan is the loan for you!
Want to start a business but am experiencing difficulties in getting your business loan approved? Then our start-up loan is the loan for you! Be it for Working Capital/ Business Expansion/ Rental Down payment, we do it all. We understand that starting and running a new business challenging and occasionally, temporary cash flow gaps may arise. That's why Friday offers working capital financing to tide your business over road bumps.
The advantage of a start-up loan allows for various uses such as:
• Procuring inventory
• Hiring new staff or covering payroll
• Facilitating refurbishments
• Meeting rental down payment requirements
• Acquiring equipment
Certainly, if you possess eligible collaterals, you may explore the option of leveraging your property through a property-backed loan, featuring an interest rate of less than 3% per annum. Alternatively, you can opt for invoice financing by selling your invoices, which also offers a lower interest rate ranging from 3-4%.
As long as you make all your payments in a timely manner, taking up a start-up loan will not impact your credit score negatively.
It is not a requirement as our risk assessment is done on a personal risk profile. However, we may ask more details about your business for further clarification.