As a business owner or operator, you need cash, period. Be it to pay suppliers, employees, or whatever, you need cash in which it needs to be put to work, fast! Here at SmartFunding, we offer transparent, cost effective, and fast loans that are specially made for you!
Choose among the two financing options below. No collateral required.
Have been operating for more than 1 year
Annual revenue of at least S$150,000
Mobile: +65 9782 7165
Choose your funding amount and the best term for you through our user-friendly online platform. The application process only takes about a few minutes to complete.
No more hidden fees and interest charges that add more burden. Receive accurate information on pricing in a timely manner.
Receive your money within two working days.
You have the option to choose your repayment period based on your capability, from 6 to 24 months.
We are a Singapore Central Bank, Monetary Authority of Singapore (MAS) licensed platform under the Singapore Securities & Futures Act. We also hold a Capital Market Services (Dealing in Securities) licence (CMS100637-1).
User-friendly SME financing platform that aims to deliver strong returns to Investors keen in SMEs and alternative funding options for SMEs in Southeast Asia.
Solid Investor protection. Your investment funds will be highly protected through our impenetrable third-party Escrow account and secured back-up providers.
Term Financing for SMEs is a financing product that requires no collateral (unsecured financing) so SMEs could scale up or improve their operations quickly.
SMEs can get financing of up to S$200,000, with an interest rate between 6.0% to 18% per month. Upon approval, we will extend a Letter of Offer setting out the terms of the loan, including the loan amount, tenure, interest rate etc. Once you have accepted the Letter of Offer, you may submit a formal loan request for community funding on our platform.
Our Investors will receive a notification of your loan request and will be able to view a loan sheet disclosing the proposed loan details and your company details. The loan request will be on our Platform for a period of 30 days or until it is 100% funded, whichever earlier (“Loan Request Period”).
At the end of the Loan Request Period, if the loan request received sufficient funding from Investors (typically 70%), then the loan request is successful. You will be required to enter into a debt instrument with the Investors and SmartFunding (where SmartFunding will be acting on behalf of Investors).
Disbursement of the crowdfunded sum (less processing fee) will be made within 2 working days from the signing of the debt instrument.
We offer a flexible repayment period between 12 to 24 months for Term Financing.
Rest assured that there won’t be any hidden fees or charges. However, the following fees and charges may apply:
1. Processing Fee: S$150
2. Platform Fee: 4% of loan amount disbursed
3. Applicable Interest: 6.0% – 15.1% per annum
4. Late Payment Interest: 0.1% per day on the outstanding principal
Late repayments will result in the following: an interest: of 0.1% per day on the outstanding principal
No, we don’t penalise borrowers for making early settlements on our platform.
At the moment, we only offer Term Financing and Buy Now, Pay Later for SMEs. If you’d like to know more about the BNPL scheme, head over to this section of FAQ.