Singapore · Business-loan map · 2026

Business loan comparison Singapore

The full SG business-loan picture — bank, fintech, government-assisted (EFS), trade finance and invoice financing. Match the loan shape to the funding purpose before comparing rates.

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In one paragraph

"Business loan" is a category, not a product. SG SMEs that lead with "what's the cheapest business loan?" usually end up with the wrong product. The right question is: what cash flow am I funding — recurring receivables (invoice financing), a one-off project (term loan), equipment (equipment finance) or seasonal liquidity (overdraft)? Each has a different cheapest answer. Match shape first; price-shop within the right shape second.

Match the shape to the purpose

Recurring receivables → Invoice financing

Borrow against unpaid invoices on demand. Scales with revenue, no real-asset collateral. Compared on this site at /invoice-financing-singapore/.

One-off project or working-capital lump → Bank or fintech term loan

Lump-sum loan repaid over 6–60 months. Banks cheapest if you qualify (typically SGD 2m+ revenue, 2+ years trading). Fintech (Funding Societies, Validus, Aspire, Bizcap) onboards in 3–10 working days for SMEs the banks decline.

Equipment, vehicles, machinery → Equipment finance / hire-purchase

Asset-backed funding where the equipment is the collateral. Usually cheaper than an unsecured term loan because the lender holds the asset. Hong Leong Finance, Goldbell Financial Services and major banks all offer this in SG.

Seasonal or irregular liquidity → Bank overdraft

Revolving facility where you pay interest only on what you draw. Cheapest revolving structure, but typically only available to established SMEs with a banking relationship.

Cross-border trade → Trade finance / supply-chain finance

Letters of credit, document collection, supply-chain finance and trade loans for SMEs importing or exporting. UOB, OCBC, DBS, HSBC and Standard Chartered all run dedicated SME trade-finance desks; fintech alternatives include Velotrade, Incomlend and Stenn.

Risk-shared with the government → Enterprise Singapore EFS

EFS schemes share default risk between Enterprise Singapore and the participating bank / financial institution. Applied for through participating banks — not Enterprise Singapore directly. Worth checking eligibility before locking in purely commercial funding.

Where to compare each

  • · Invoice financing: here at invoicefinancing.sg. 18 providers covered.
  • · Business term loans + wider SG lender map: sister site businessloans.sg .
  • · Trade finance and supply-chain finance: covered as adjacent products in both invoice-finance provider profiles on this site and on the bank SME pages directly.
  • · Enterprise Singapore EFS schemes: apply through any participating bank — the EFS rates are bank-administered, not standalone products.

Across all of these: independent comparison sites give you the lay of the land; the actual decision happens between you and the lender once your specifics are on the table.

Common SG business-loan questions

What's the cheapest business loan in Singapore?

Bank SME term loans (DBS, OCBC, UOB, RHB) blended with Enterprise Singapore's EFS risk-sharing scheme typically deliver the lowest headline rate. Fintech business loans are faster but typically 2–5 percentage points more expensive. Pricing is set per applicant — there is no universal 'cheapest'.

What types of business loans are available in Singapore?

Bank SME term loans, fintech business loans, government-assisted SME loans under Enterprise Singapore's Enterprise Financing Scheme (EFS), trade-finance lines, commercial-property loans, equipment finance and invoice financing. Each fits a different funding shape — match the product to the purpose first, price-shop second.

Where can I compare SG business loans?

For business term loans and broader business-loan options, our sister site businessloans.sg covers the SG lender landscape. For invoice financing specifically, this site (invoicefinancing.sg) compares 18 SG providers and routes you to up to three matched providers via a six-question shortlist form.

Need invoice financing specifically?

Six questions. We forward your enquiry to up to three SG invoice-finance providers that fit your industry, revenue band and funding amount.

Get a shortlist

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