Small and Medium Enterprises (SMEs) are the lifeblood of Singapores economy, accounting for around 99% of all businesses in Singapore and employing approximatly 70% of the total workforce.

What does the SME lending space look like?

Rapid market changes have been spurred by new technology and data, resulting in an influx of small business owners moving away from traditional bank loans to specialist providers, as their appetite for growth and expansion increases. Inflationary pressures, the macroeconomic environment and geo-political risks have all resulted in the big banks taking a more precautionary approach when assessing the applications of small business customers. Unfortunately, the businesses who fail to secure a loan are more likely to be the ones struggling with cash flow, managing expenses, finding and retaining skilled staff etc.

As a Broker and/or Accountant, it’s important to have multiple options up your sleeve to help all of your clients. Your SME clients rely on you to help them in a timely and professional manner, utilising all the tools available to you – this is where the Bizcap Team comes in, i.e., utilising cash flow finance as a bridge-financing tool, to get your clients funding when they need it most (especially when other lenders may not support them).

What sort of businesses can Bizcap help?

Business finance applications can be a very time-consuming process. We believe that small businesses should have fast access to the capital they need to grow, even if they don’t have the ‘perfect credit score’. Our systematic approach to assessing each application means we really get to understand our customers at a granular level – as a result, we assess more than just their credit and provide business loans up to $500K.

We help businesses overcome short-term hurdles and set themselves up for a successful future.

We provide finance to businesses from a range of sectors, including retail, services, transport, manufacturing, agriculture, construction, direct marketing and events, glass tinting, panel beaters/collision repairs, towing services, taxi and car hire services etc. We’ve helped small business owners from all walks of life!

When can Bizcap help clients that have been rejected by other lenders?

At Bizcap, we assess each application individually and we typically work with clients who:

  • Have credit scores of any size
  • Have been rejected by traditional lenders
  • Have not received the full funding they were after
  • Have defaults and/or judgements
  • Need of fast access to working capital

So, if you’re looking for a fast, convenient and hassle-free way to get your SME clients funded, look no further than Bizcap.

How quickly can Bizcap provide capital?

We can have funds to a client within 3 hours, enabling you to provide quick and easy solutions. If you have a client requiring urgent funding, just let your Partnerships representative know and we’ll do everything in our power to prioritise your deal – after all, we are the most open-minded lender.

What does Bizcap consider when reviewing an application?

When assessing applications, we establish the overall health of the business (from a cash flow perspective), the average end-of-day balances and the frequency/volume of monthly deposits. In addition, we’ll look at the time-in-business and any loan repayment history. Providing quick assessment of your client’s application and a conditional offer, with a breakdown of the repayments – along with the applicable factor rate – within a matter of hours.

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