Is personal guarantee from the business owner required?
At least one personal/corporate guarantee is required.
At least one of the personal guarantors must also be either a Singaporean citizen of a Singapore Permanent Resident.
Corporate Guarantors must be locally incorporated in Singapore.
What are the documents required to qualify for a loan?
For unsecured Business Loans, the following documents are required at a minimum: Certified true copy of the latest ACRA Bizfile Business Profile Report Certified true copy of the Limited Liability Partnership Agreement/Memorandum & Articles of ...
Will the Business be listed with its real identity?
Yes, prospective Issuers (SMEs) must register with the business name as recorded with ACRA. On listing, the registered business name will be used.
Can my Business issue more than one note through MoolahSense?
Yes, you may issue more than one note through MoolahSense. However, you will need to demonstrate a good track record on prompt repayments of your existing note(s) before you can apply for another listing. You will be required to submit a new request ...
What is the contractual agreement between Investors and the Business?
When an Issuer (SME) accepts an offer, a provisional contract is formed between the business and each allocated investor. Both the Issuer (SME) and Investors are bound by the terms of the contract note executed in this manner, having endorsed the ...
For tax invoices that I wish to obtain financing though MoolahSense, am I required to inform my debtor?
Typically, there is no such action required on your part. When the repayment of your note is due, you are just required to ensure that your debtor makes the payment to you so that you can transfer the monies to our account for us to facilitate the ...