Business loans remain critical for SMEs to expand operations, hire staff, and manage cash flow. This article explains how to apply in Singapore in 2025.



The process begins with identifying loan type—working capital, trade financing, or equipment loans. Requirements typically include:

  • Business registration documents
  • Financial statements for the past 2 years
  • GST filings and tax records

Government-backed schemes, such as Enterprise Singapore financing programs, provide additional support. Successful applications depend on creditworthiness and clear repayment plans.

business loans Singapore, SME financing, apply for business loan

Sophia Tan

About the Author

Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source. Read more articles

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.