Notice of Assessment of Directors for the Last 2 Years
The Notice of Assessment (NOA) gives loaners an idea of the director’s income.
For example, if the amount of debt exceeds the director’s income, they would be less receptive to loans. The NOA gives loaners the impression that the directors are not capable to repay their loans.
Recent Credit Bureau Singapore Report of All Directors
The Credit Bureau Singapore (CBS) report allows potential loaners to view your company’s ability to repay loans in the past. If your company has a history of repaying loans on time, it will create an image of credibility to loaners.
Company’s Financial Statements for the Last 2 Years
This showcases your company’s profit and losses for the previous 2 years, determining whether your company is eligible for certain loans.
The most important trait that your company must possess when applying for loans is the credibility of your business, and your ability to repay these loans.
It is always important to have the right documents and the company’s credibility when looking into loans. Paul Hype Page has experience in dealing with applying for small business loans, and we can provide you assistance with your loan application.
Apply for your loan with Aspire Bank
Once you have all the documents, you may apply for your small business loan with Aspire Bank. ASPIRE provides flexible financing options for small business owners. Whether you need cash flow to start your business, or you need quick cash to obtain a new machine, rest assure Aspire can offer you the right business loans. Among the small business loans that offered by Aspire Bank are:
- Small Business Line of Credit
- Term Loans
- Small Business Administration Financing
For more information, check out https://aspirebanks.com/business/.