Your business needs cash. The bank needs three years of audited accounts, a strong CBS file, and time it will not give you. That gap is exactly where Magnus Credit operates. We offer business loans to sole proprietors, partnerships, and Pte Ltd companies in Singapore. The assessment is built around your actual business situation. Not a credit algorithm that was designed for large corporations. Sole proprietors are assessed on personal income. Pte Ltd companies are assessed on their P&L and cash flow. Both pay the same MinLaw-regulated rates. Apply in 2 minutes via Singpass MyInfo. We call you during office hours with your eligibility. Come in the same day if you qualify and leave with funds.
Sole Proprietors and Partnerships If you run a sole proprietorship or partnership, you are the borrower. The loan is a personal loan to you as the individual business owner, used for business purposes.
If you run a sole proprietorship or partnership, you are the borrower. The loan is a personal loan to you as the individual business owner, used for business purposes.
Your borrowing limit follows MinLaw's income-based formula:
| Your Annual Income | Maximum Borrowing Limit (All LMLs Combined) |
|---|---|
| Below SGD 20,000/year | SGD 3,000 |
| SGD 20,000/year and above | Up to 6x your monthly income |
Source: Ministry of Law, Registry of Moneylenders — rom.mlaw.gov.sg
Documents required:
If your business is incorporated as a Private Limited company, the company is the borrower. The loan contract is signed under the company name.
All shareholders must be in agreement and sign as personal guarantors. This is a requirement before any loan is approved.
Your loan amount is not formula-based. It is assessed on the company's actual financial position. The stronger your P&L and cash flow, the more clearly we can assess your capacity.
Documents required:
Banks run SME loan applications through a credit scoring system built for established companies. If your business does not match that template, the system rejects it.
The three most common reasons:
Magnus Credit assesses each case on its own merits. For Pte Ltd companies, we look at P&L and cash flow — not just whether you have been operating for 3 years. For sole proprietors, we look at your personal income and repayment capacity. Your business structure does not automatically disqualify you.
No restrictions on use once the loan is disbursed. Common uses among Magnus Credit business borrowers:
Your staff cannot wait for a client who pays 60 days late. A business loan covers the payroll gap so your team gets paid on time and operations continue without disruption.
Suppliers do not always offer credit terms. If you need to buy inventory now to fulfil an upcoming order or prepare for a busy period, cash on hand is what makes the difference between capturing the revenue and missing it.
A broken machine, a failed vehicle, or a critical tool out of service means your business stops earning. Waiting weeks for a bank loan to process is not an option. Same-day funds let you fix the problem and get back to work.
Some suppliers require a deposit before they start work or release goods. Without cash ready, the job goes to a competitor. A fast business loan lets you commit to the contract and secure the revenue before the opportunity closes.
A new outlet, a refreshed shopfront, or a studio fit-out requires cash before the doors open and before revenue starts coming in. A business loan bridges the gap between signing the lease and generating your first dollar from that space.
A campaign, a trade show booth, or a product launch requires upfront spend before revenue returns. Investing in marketing at the right moment is what grows the customer base. A business loan funds the spend so you do not miss the window.
You have done the work and sent the invoice. The client has 30 or 60 days to pay. In the meantime, your own suppliers and expenses do not wait. A business loan keeps your cash flow positive while you wait for money that is already owed to you.
Sometimes the business is profitable on paper but cash is tight on the ground. Rent, utilities, staff costs, and supplier payments all fall due at the same time. A working capital loan gives you the buffer to meet every obligation on time without drawing down your personal savings.
This is the question most business borrowers do not think to ask until it matters.
Magnus Credit reports to the MLCB — the Moneylenders Credit Bureau. This is a completely separate system from the CBS (Credit Bureau Singapore) that banks, HDB, and mortgage lenders use.
Your CBS file does not record licensed moneylender loans. Taking a business loan here does not reduce your CBS score. It does not affect your mortgage eligibility. It does not appear on bank credit card or facility assessments.
For Pte Ltd directors who have personal property financing or plan to apply for a bank facility in the future, this separation matters. You are not trading your personal credit position against this loan.
At Magnus Credit, we offer business loans to a wide range of enterprises in Singapore :
Sole Proprietorships
Partnerships
Private Limited Companies
Limited Liability Partnerships (LLPs)
Business registered in Singapore
Minimum 6 months of operation
Private Limited Companies
Limited Liability Partnerships (LLPs)
Applying for a business loan with Magnus Credit is straightforward :
Apply via Singpass Myinfo. Your personal details are pre-filled. No documents at this stage.
Our team reviews your application and calls you with your eligibility, the loan amount we can offer, and the full list of documents to bring for your appointment.
.301 Ubi Ave 1, #01-279. 3 minutes from Ubi MRT Exit A. For Pte Ltd loans, all shareholders attending the appointment is required before the loan can proceed.
Every term is explained before you sign. For Pte Ltd loans, each guarantor signs individually. Nothing is finalised until everyone understands and agrees to the repayment schedule.
Cash in hand the same visit. No next-day transfer. Disbursed immediately after signing.
f you do not qualify, we tell you at Step 2. No wasted trip.
Magnus Credit has been a licensed moneylender in Singapore since 2009. Our office is in the Ubi industrial corridor — home to automotive workshops, logistics operators, manufacturing businesses, and SME offices. The business owners who walk into this office are not unusual to us. Sixteen consecutive annual license renewals without revocation. That record speaks for itself in an industry where compliance is reviewed every year.
At Magnus Credit, we encourage responsible borrowing. Here are some tips to ensure you make the most of your business loan :
In the dynamic business landscape of Singapore, having the right financial partner can make all the difference. A business loan from Magnus Credit can provide the financial boost you need to take your enterprise to the next level. Our commitment to “The Smart Way to Borrow: Lending with Integrity, Borrowing with Confidence” ensures that you’ll receive not just a loan, but a supportive financial partner who understands the challenges and opportunities of running a business in Singapore.
Ready to explore your business loan options? Contact Magnus Credit today at +65 6338 9891 or visit our office to discuss how we can tailor our loan solutions to meet your specific business needs. Let us help you navigate your financial journey and fuel your business growth with confidence and ease.
Remember, at Magnus Credit, we’re not just providing loans – we’re investing in your business success, one financial solution at a time. Let’s grow together!
Yes. At Magnus Credit, a Pte Ltd company can be the named borrower on the loan contract. All shareholders are required to sign as personal guarantors before the loan is approved. The loan amount is assessed based on the company's P&L and cash flow statement, not on the income formula that applies to individual borrowers.
A personal guarantor is a shareholder who signs a legal commitment to repay the loan personally if the company defaults. For a Pte Ltd business loan at Magnus Credit, all shareholders must sign as guarantors. This means every shareholder needs to be aware of and agree to the loan before it proceeds. Bringing all shareholders to the appointment is required.
Yes, subject to assessment. Bank rejections for sole proprietors are commonly caused by the bank's inability to separate business risk from personal credit history. Magnus Credit assesses your personal income and repayment capacity directly. A bank rejection does not automatically disqualify you here.
For Pte Ltd companies, the loan amount is assessed on a case by case basis using the company's P&L and cash flow statement. There is no fixed formula. A company with strong, consistent revenue and positive cash flow demonstrates greater repayment capacity, which influences the loan amount offered.
No. Magnus Credit reports to the MLCB, which is completely separate from the CBS used by banks and HDB. Your CBS score and mortgage eligibility are not affected regardless of whether the loan is structured as a personal loan to you or a corporate loan to your company with you as guarantor.
For sole proprietors with documents ready, the full process from Singpass application to cash in hand can be completed within one business day. For Pte Ltd loans, all shareholders need to attend the appointment together. Once all guarantors are present, documents are in order, and the contract is signed, funds are disbursed the same visit.
Interest is capped at 4% per month on the reducing balance under MinLaw regulations. Reducing balance means interest is calculated only on the outstanding principal you have not yet repaid. As you make payments each month, the remaining balance decreases and so does the interest charged. You are never paying interest on money you have already returned.
For sole proprietors and partnerships, the loan is unsecured. No property or asset collateral is required. For Pte Ltd companies, personal guarantees from all shareholders serve as the security structure. No physical collateral such as property or equipment is required.
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