Compared to Banks, Private Financing empowers you to obtain short, or long-term financing. Each private financing option individually tailored criteria to your needs so you might find it much more flexible compared to traditional bank lending. Some of the more popular short-term loans in Singapore include credit lines, invoice financing and bridging loans.

Private financing is especially valuable for small businesses and start-ups as typically it is hard for them to receive financing from banks, given they do not meet the minimum operating age requirements that most banks have for longer tenor loans. Companies can also take up private funding if they find themselves in a sudden need for money.

As private financing is of shorter tenors, they are usually less risky and thus, lenders take less time to process the loan and borrowers can obtain the needed funds more quickly. Short-term loans also generally have easier requirements compared to longer-term loans. Downsides of private funding, however, are that approved loan amounts are usually smaller, significantly higher monthly instalment and potentially higher interest rates.