What are the documents required to qualify for a loan?

What are the documents required to qualify for a loan?

For unsecured Business Loans, the following documents are required at a minimum:

  1. Certified true copy of the latest ACRA Bizfile Business Profile Report
  2. Certified true copy of the Limited Liability Partnership Agreement/Memorandum & Articles of Association (M&A)
  3. Proof of Identity of Directors/Partners/Managing Partner
  4. Proof of residential address of all the authorized Directors/Partners/Managing Partner in the Resolution
  5. Proof of local trading address, dated within the last six months
  6. A corporate bank account with a local bank or Foreign Qualifying Full Bank in Singapore with at least 6 months of bank statements
  7. Latest Financial Statement (Preferably 2 years of audited statements)
  8. Proof of identity of personal guarantors (if different from directors/partners of the company)
  9. Proof of residential address of the personal guarantors (if different from directors/partners of the company)
  10. Notice of Assessment and Credit Bureau Singapore report of the personal guarantors
  11. Certified true copy of the Limited Liability Partnership Agreement/Memorandum & Articles of Association (M&A) of the corporate guarantor (if applicable)
  12. Certified true copy of the latest ACRA Bizfile Business Profile Report of the corporate guarantor (if applicable)
  13. Latest financial statement of the corporate guarantor (if applicable). 2 years of audited statements is preferred.
  14. Proof of identity of Directors/Partners/Managing Partners of the corporate guarantor (if applicable)

For invoice financing, in addition to the documents indicated above, the following additional document is required at a minimum:

  1. Tax invoices to be financed

The minimum level of documents indicated above notwithstanding, MoolahSense may request for additional documents to be submitted as part of our due diligence process before you may qualify for a loan.