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Financing Solutions For Aspiring Business Owners

Whether you’ve been in business one week or five years, an infusion of money is always welcome. But what type of financing solution is best for your business? There are so many factors to consider – from the stage of your business to how much it’ll cost to get the money you need; just choosing a path to raise money can be overwhelming.

Here at ETHOZ, we provide a spectrum of equipment leasing and capital financing solutions, individually customised to suit our customers’ unique needs and requirements.  Our line-up of products and services are designed to help business owners improve cash flow flexibility, enhance financial budgeting and seize expansion opportunities.

 

1. Equipment Leasing

Enjoy all the profit-generating benefits and convenience of having your own equipment without the headaches of asset-ownership and depreciation.

 

2. Hire Purchase

With Hire Purchase, you can now spread out your payment over time to reduce your upfront costs while you enjoy the use and ownership of the asset.

 

3. Term Loans

ETHOZ Capital provides you an easy access to additional funds at competitive interest rates so that you can fully focus on growing your business.

  • Working Capital Loans
  • Debenture Loans
  • Shipping Loans
  • Renovation Loans
  • Property Mortgage Loans
  • IT loans (It is 0% interest here in ETHOZ).

 

4. SME Micro Loan Micro Loan Programme (MLP))

SME Micro Loan, previously known as MLP is targeted at small businesses with 10 or less employees that requires working capital to fund operations, or for automation and upgrading of factory and equipment.

 

SME Micro Loan at a Glance:
  • Maximum Loan Quantum: S$100,000
  • Interest Rate (subject to participating financial institutions’ assessments of risks involved):
    • Minimum 5.50% interest rate for loan tenure of 4 years and below.
  • Eligibility
    • Company registered and operating in Singapore
    • ≤ 10 employees or has annual sales ≤ S$1m
    • At least 30% local shareholding
    • Company’s group annual sales of ≤ S$100m or company’s group employment size ≤ 200*

 

* Annual sales turnover and employment size will be computed on a group basis.  (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down).

 

5. Local Enterprise Finance Scheme (LEFS)

LEFS is administered by SPRING Singapore is a SPRING-initiated project to assist and encourage the growth of locally-owned SMEs.

 

LEFS at a Glance:
  • Maximum Loan Quantum: S$15m
  • Interest Rate (subject to participating financial institutions’ assessments of risks involved):
    • Minimum 4.25% interest rate for loan tenure of 4 years and below
    • Minimum 4.75% interest rate for loan tenure of more than 4 years
  • Eligibility
    • Company registered and operating in Singapore
    • 30% local shareholding
    • Group annual sales ≤ S$100m or group employment size ≤ 200 workers^

 

^ Annual sales turnover and employment size will be computed on a group basis. (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down.

If you would like to find out more about how ETHOZ can assist you and your business, you can contact our friendly Relationship Managers at 6654 7799 or drop us an email at contactus@ethozgroup.com today!

 

 

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