Frequently Asked Questions

If you have any further questions concerning our services, see the FAQs for answers. Do not hesitate to contact us if our FAQ does not answer your inquiry.
General Enquiries
Can I restrict the access of my application to only certain types of lenders?
How will my business information be kept safe?
I represent a family office. Can family offices join Lendingpot’s network?
I represent a foreign (not incorporated in Singapore) financial institution. Can foreign financial institutions join Lendingpot’s network?
I represent a financial institution. Can financial institutions join Lendingpot’s network?
My company is newly registered in Singapore, can I apply for a business loan?
My company is not registered in Singapore, can I still apply for a business loan?
My company is currently not profitable, can I still apply for a business loan?
If the platform is free for SMEs, what is Lendingpot’s business model?
Who are some of the partners in Lendingpot’s network of lenders?
Business Term Loan
Are there cheaper financing to an SME business term loan?
What is the maximum amount I can take from a business term loan?
What are the required documents that I need to prepare before I apply for a SME business loan?
How long does a business loan application usually take?
What are the penalties for paying my business loan earlier?
How many guarantors are needed and how do I know if they qualify?
Property-backed Loan
How do I know how much my property is valued?
Are there any additional fees I need to look out for?
What are the type of loan rates and structure available?
Why should I engage a broker for my property loan?
How long does an application typically take?
Invoice Financing
What do I need to prepare to apply for an invoice financing credit line?
How long does a process of application typically take for invoice financing?
How often can I finance my invoices?
What if my customer doesn’t make the eventual payment to settle the bill?
What is invoice financing?
What is the maximum amount of financing I can get?
What are the types of fees that are payable?
Revenue-backed Financing
What do I need to prepare for a revenue-based loan?
How long is the application process like?
How do you calculate the actual effective interest on your revenue-based loan?
What are the disadvantages to revenue based financing?
How much funding can I get?
Line of Credit
Is there a processing fee involved in taking on a line of credit?
How fast is an application for a line of credit?
How long is my credit line approved for?
What is the key difference between a line of credit and an unsecured business loan?
What is the maximum amount you can get on a line of credit?
Business Cards
How long does a credit application takes?
What are the documents that are required for a business card?
Do I need to provide guarantors for a business card?
How much credit am I able to obtain for a business card?
Start-up Loan
What is the turnaround time for a personal loan application?
For share-backed loans, will there be a margin call should there be any averse move in the market?
For share-backed loans will I be able to sell my shares held as collateral in a market move?
What if you lose your employment during the period of your personal loan?
Why is a personal loan the best option for a start-up?

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