InCorp Partners Loan Broker to Help Companies with Funding

3 minutes read

To help companies receive funding faster, InCorp has teamed up with an industry-leading loan broker. As subject matter experts, the brokers will offer clients strategic and tailored advice on the best loan options. Furthermore, the service is “success-based”. In other words, the brokers will only charge a fee on successful loan applications.

Besides brokering loans through traditional means (e.g., with banks), the company specializes in alternative fundraising mechanisms, which include partnering with fintech organizations and utilizing crowdfunding.

Upon reaching out to the broker, clients can expect to receive a reply in 48 hours. Additionally, the turnaround period for receiving funding will also be fast and efficient.

Here is a list of available financing options:

Business Loans

To get business loans fast, streamlined processes and sophisticated algorithms (similar to a bank’s scoring system) will be used to calculate the amount of financing a company will be eligible for.

Once the eligibility criteria are determined, the loan application will be submitted to the banks directly. Upon approval, the company will receive the funds and enjoy a competitive interest rate payable.

SME Micro Loans

The process of acquiring micro loans is largely the same (as stated above). However, as the name suggests, the loan amount (up to SGD $100,000) for this service is smaller and more ideal for smaller businesses.

Crowdfunding

Crowdfunding is the process of raising money from multiple investors. This method of fundraising is even faster and more flexible than applying for loans from traditional lenders. With the right broker, companies will gain access to a wide network of investors. This service is suitable for businesses that need short-term funding.

Property Loans

This loan service assists those who need to refinance their properties regardless of their Total Debt Servicing Ratio (TDSR). Successful applicants can expect to receive refinancing loans in four weeks.

Invoice Financing

Invoice financing is a way for businesses to borrow money against the amount due (invoices) from its customers. It is an alternative solution for businesses to improve cash flow, pay suppliers and employees, and even reinvest in operations and growth earlier (instead of waiting for their customers to pay their balances in full).

Private Financing

Essentially, private financing or bridge loans is a short-term loan that helps a person or company to “bridge the gap” and meet their current financial obligations. The loan is normally backed by some collateral (i.e., secured assets such as property or stocks) and is ideal for clients who need funds very quickly (in 24 hours).