What is Merchant Business Loan?
A strategic business funding solution that offers funds upfront to merchants that accepts card payments of NETS, credit card and/or debit card sales transactions to provide them with liquidity for their business growth or expansion plans.
Gremio Capital offers up to S$1,000,000 to local SMEs.
Merchant Business Loan (MBL) is a structured short-term loan based on weekly repayment schedule. An MBL would be right for your business if:
- Your business accepts NETS, credit and/or debit card payments such as Visa, Master and Amex
- You do not want to pay daily minimums
- Your business has a retail space (for example Restaurants, Supermarkets)
>> Key Features and Benefits
- Enjoy fast approval in 2 working days*
- Offers lump sum disbursement of funds upfront
- No collateral required
- Hassle free regular repayment schedule & amount in place
- No impact on credit standing
- Enhance cash flow management for business operations
- Be rewarded for prompt payments
Terms & conditions apply
*Upon receipt of complete documentation
>> Eligibility
- Applicable for Limited Liability Partnership or Private Limited Company
- Company must have at least 51% local shareholding and be held by Singapore Citizen or Permanent Resident
- Company must have a retail space in Singapore
- Company must obtain their NETS, credit and/or debit card payments such as Visa, Master and Amex payment terminals from any of the local banks in Singapore for at least 6 months.
- Have a registered business address incorporated in Singapore
- Business established & in operations for a minimum period of 6 months
- Principal guarantor(s) must be Singaporean or Singapore Permanent Resident, and aged 21 & above
|
|
Application Process
 |