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SME Loan

As a FinTech startup, loans are our area of expertise. Here are all the resources you’ll need to understand SME loan, and how Aspire can work for you.
January 7, 2021
January 8, 2021
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4 mins read

All-Time Favourite Financing Options for SMEs in Singapore

On the hunt for a way to improve your cash flow? Check out the top financing methods for SMEs in Singapore.

October 12, 2020
October 14, 2020
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5 mins read

How to Get Business Loan for Startups?

Been looking to get a startup business loan? In this article, we outlined the major considerations you’ll need and the process of applying for one.

January 10, 2020
November 12, 2020
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6 mins read

Boost Your Small Business with Online Loan

When you think of online loans for businesses, you'll think of it as a quick solution to keep your business afloat. However, successful companies actually see it as an untapped potential and opportunity for them to grow and scale-up.

December 3, 2019
August 12, 2020
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6 mins read

What is Line of Credit and the Different Types for Start-Ups

Find out the advantages, disadvantages and different types of credit line for startups

November 6, 2019
September 7, 2020
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4 mins read

7 Most Common Requirements to Qualify for Small Business Loans

 In general, there is a range of documents and financial details that you will need to submit to the lender as part of the loan application. Read on to find out what are the 7 most common requirements for you to qualify for small business loans.

November 1, 2019
August 12, 2020
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4 mins read

Different Types of Business Loans for SMEs in Singapore

If you own an established business, or in the stage to develop one, you might have already calculated that your business needs more financial support

October 29, 2019
August 17, 2020
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5 mins read

Best Banks for Small Business Loans in Singapore

The loans that banks offer often have lower interest rates and some tax breaks compared to non-bank banks. However, there are conditions in which you have to meet in order to be approved for the bank loan.

October 22, 2019
August 17, 2020
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4 Easy Ways to Improve Credit Score Fast in Singapore

A credit score is a 3 digit number that determines the creditworthiness of an individual or a business. It is usually based on a credit report and the information is sourced from a credit bureau.

October 4, 2019
August 12, 2020
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6 mins read

Revolving and Non-Revolving Credit: Which One is Better?

There are 2 major types of credits that you should know: revolving and non-revolving credit. However, the question is: which one is better?

September 27, 2019
September 7, 2020
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3 mins read

5 Things That Keep You From Getting Online Loan Approval

Though applying for an online loan is much easier and quicker compared to a traditional bank loan, getting an online loan approval might be a bit tricky. We have listed 5 things that you might overlook when trying to get your online loan approval

September 6, 2019
August 12, 2020
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4 mins read

Business Line of Credit: Pay suppliers with Aspire

Are you looking for a business line of credit to finance your inventories? Or looking for funds to pay your suppliers ASAP with no fuss? We're glad you found us! Before that, allow us to briefly introduce ourselves.

August 19, 2019
August 12, 2020
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4 mins read

What is Working Capital?

Welcome to our SME guide on working capital loans— tailored for the savvy entrepreneur. If you're a small business owner, you've come to the right place! This definitive guide explains all you need to know about working capital loans, and why you need to know it.

January 10, 2030
September 7, 2020
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4 mins read

Tips for Online Loan Approval

Getting a working capital loan online? We’ll share a few tips that’ll give you a leg up in getting your application approved.

August 19, 2019
September 7, 2020
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5 mins read

4. Choosing a Working Capital Loan | SME Guides

Which working capital loan is right for your small business? Working your way through a checklist can help you better determine the best financing solution for your needs. 

August 19, 2019
September 7, 2020
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5 mins read

3. Types of Working Capital Loans | SME Guides

If you've decided it's the right time to pursue a financing solution, the logical next step is deciding which one. The good news? With the rise of alternative lenders, a wider range of working capital loans are now accessible to small business owners.

August 19, 2019
September 7, 2020
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4 mins read

2. When to Get a Working Capital Loan | SME Guides

Working capital loan is designed to fund a company’s day-to-day operational expenses, such as supplier payments. These types of loans typically carry short repayment terms, not for financing long term business needs like large scale expansion projects.

July 26, 2019
August 12, 2020
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6 mins read

What to Expect: Business Loan from Aspire

Private lending shouldn't be shady— that's why we're here to shed light. Know the fees involved in taking a business loan, what you'll need, and more.

July 22, 2019
August 12, 2020
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5 mins read

The FinTech Revolution: Filling the Small Business Loan Gap in Singapore

With the rise of every young upstart, there's an uneasy incumbent guarding the status quo. We're seeing an interesting stand-off emerge in Singapore's financial services sector: pitting the old vs. the new, the physical vs. the digital, the banks vs. alternative lenders. So... who will win?

June 21, 2019
November 12, 2020
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5 mins

When Should You Get a Business Loan?

A common misconception is that businesses should only take loans if they're in deep water. But in a previous post, we advised: Don’t borrow if you only want to stay afloat. So the question is... when should companies borrow?

April 29, 2019
September 14, 2020
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6 mins read

Starting a Business? Here are the 5 steps in Applying for SME Loans

Loans can also be in the form of unsecured loans or guarantees. But many entrepreneurs fail to get loans. So, let's go through the 5 tips for smart entrepreneurs when applying for loans.

April 10, 2019
August 12, 2020
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6 mins read

8 Mistakes To Avoid When Applying For Small Business Loan

Building a company not only requires a brilliant idea, but enough capital must also be prepared. If you think realistically, no business can be started and expanded without financial flow. Do you know that many small business owners give up on their global changing idea because of financial difficulties?

March 14, 2019
August 12, 2020
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7 mins read

Advice from a fintech startup: Don't borrow if you only want to stay afloat

“What do you intend to do with the money?”, “Are you sure that you need that much?”, “Will you be able to cover the monthly repayments comfortably?”. We do this because most of the times when people come to us for help staying afloat they don’t have a plan for how to climb back into the ring.

February 22, 2019
November 26, 2020
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7 mins read

Ecommerce Financing: Why Every Ecommerce Business Needs A Line Of Credit

A business line of credit, gives borrowers access to a predetermined sum of capital. It functions like a credit card; you can draw from the sum as and when required (as long as you don’t exceed your credit limit) and interest is charged only on the amount drawn. Once this sum is repaid, your credit limit goes back up.

February 2, 2019
August 12, 2020
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7 mins read

The SME Owner's Guide To A Business Line Of Credit

You’re an SME owner who needs fund for your business and are weighing out different external financing options. The right kind of financing needs to offer flexibility - you’re looking at an option that can fund a variety of expenses, and which you can tap into time and time again. If this checks off all the boxes on your list, a credit line may be right up your alley.

November 29, 2018
August 17, 2020
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5 mins read

Working Capital: Guide for SME Owners before Loaning

Working capital loans are mostly, to fund a company’s day-to-day operational expenses, such as inventory purchases or supplier payments. These types aren’t intended to finance long term business needs.

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Consumer advisory - Aspire FT Pte. Ltd. is currently exempted from holding a licence to provide payment services under the Payment Services Act (No. 2 of 2019). You can find the list of exempted entities here. Credit lines to businesses are issued by Aspire Financial Technologies Pte. Ltd, which is an exempted moneylender under the Moneylenders Act (Cap. 188). Visa cards are issued and powered by NIUM Pte Ltd. Consumers and cardholders are advised to read all terms and conditions which can be found here.
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