When it comes to securing business loans in Singapore, many SMEs still face slow processes, rigid requirements, and limited funding options from traditional banks. For businesses in need of speed and flexibility, Bizcap Singapore, a growing non-bank lender, offers a compelling alternative.
Launched in April 2024, Bizcap entered the Singapore market after establishing a strong presence in Australia. With over 15,000 businesses funded across Australia, Bizcap now brings its alternative lending model to help local SMEs access capital faster, without being held back by credit scores or complex paperwork.
Bizcap is a non-bank business lender that specialises in providing short-term working capital loans to small and medium-sized enterprises (SMEs). Their unique value proposition lies in offering fast business loan approvals, flexible repayment terms, and a high tolerance for businesses that may not meet traditional credit criteria.
According to Tech in Asia, Bizcap identified a significant opportunity in Singapore’s SME lending space — many businesses here still struggle to secure timely financing due to rigid requirements around credit scores, lengthy approval processes, and limited loan flexibility.
One of the most attractive aspects of Bizcap is how quickly they move. Businesses can receive an indicative offer within 24 hours of applying and, if approved, get funding within the next 24 hours. For time-sensitive needs — such as taking advantage of a bulk inventory discount or fulfilling a large purchase order — this kind of speed is game-changing.
Another standout feature is their credit approach. Bizcap does not place heavy emphasis on credit scores. This opens the door for businesses that may have a blemished credit history but strong operations or promising growth potential. Instead of a one-size-fits-all approval method, Bizcap leans into conversational underwriting — reviewing your business holistically and willing to tailor offers based on additional information.
Need an extension or a top-up loan? Bizcap is also known to offer second loans, deferrals, or restructuring if your business performance and cash flow projections support it. This flexibility in structuring repayments (which can be weekly, daily, or monthly) allows SMEs to better match outflows with revenue cycles.
Loan sizes are also generous. Businesses can access funding from S$5,000 to over S$500,000, depending on eligibility. This makes it suitable for larger operational needs such as scaling up inventory, seasonal production, or equipment upgrades — particularly where bank financing may fall short or take too long.
While the flexibility and speed are major advantages, they do come at a cost.
Bizcap structures its loans using a factor rate, typically ranging from 1.3 to 1.4. This means if you borrow S$100,000, you’ll pay back S$130,000 to S$140,000 over the course of your loan. Repayment terms usually fall within 3 to 6 months, which translates to a 30% cost of capital for half a year or roughly 60% per annum.
For businesses unfamiliar with factor-based lending, this can seem steep. However, it’s important to note that Bizcap doesn’t position itself as a replacement for long-term loans. Instead, they call themselves a “growth lender” — and for good reason.
Their loans are best suited for short-term, high-margin opportunities. For instance, if a business secures a contract with 40% profit margins that can be fulfilled in under 2 months, Bizcap’s funding gives them the ability to act fast, fulfill the deal, and still retain meaningful profits after loan repayment.
Bizcap works best for:
Bizcap is now listed on Lendingpot — a Singapore-based digital SME financing platform that helps businesses compare and apply to a wide range of lenders. Through this platform, borrowers can access Bizcap’s loans with no additional broker fee. https://bit.ly/lp-bizcap
This partnership makes it even easier for local businesses to get matched to Bizcap if they’re looking for a fast and responsive lender. Simply fill in your company’s financing needs via Lendingpot, and if you qualify for Bizcap’s product, the Lendingpot team will connect you — without charging you a cent.
Bizcap Singapore isn’t the cheapest financing solution on the market — but it was never meant to be. It’s not for every business or every scenario. However, for SMEs who value speed, flexibility, and custom solutions, especially when chasing short-term, high-yield projects, Bizcap is a powerful tool.
Its willingness to fund outside of traditional credit models, combined with its rapid turnaround and high loan limits, makes it a valuable option in a market where bank loans can take weeks — if not months.
If your business needs quick capital to act fast, deliver faster, and grow without delay — and you have the margins to make it work — Bizcap is worth considering.
Benjamin heads up Lendingpot with a background in all things SME. He was previously a commercial banker at Citi with experience in Relationship management, Credit Risk, Trade Operations and Corporate FX sales; and understands the difficulties SMEs face in this opaque world of SME financing.
