Sponsor FAQs

Who can sponsor on Cycloan?
To qualify, your business must be a registered entity in its operating country, in case of a Tech company or financial institution. In case of high net wort...
Wed, 30 Dec, 2020 at 6:00 AM
How can I sponsor in Cycloan?
Account creation - To become a Sponsor, you must create an account on the Cycloan platform, the platform asks for a set of  documents that needs to be subm...
Wed, 30 Dec, 2020 at 6:04 AM
Do you need to pay any fee for registering as a Sponsor in Cycloan ?
No, there is no registration fee for sponsor
Wed, 30 Dec, 2020 at 6:07 AM
Is there any minimum amount that is to be kept in the escrow account ?
When the project is matched between a sponsor and SME by Cycloan and the system asks for confirmation from the sponsor for funding the SME, the sponsor shou...
Wed, 30 Dec, 2020 at 6:26 AM
What is the maximum amount that can be funded ?
The maximum amount that can be funded depends upon the worthiness and valuation of the projects submitted by SME and the risk assessment carried out by Cycl...
Wed, 30 Dec, 2020 at 6:44 AM
What type of projects are available in Cycloan?
Tech SME/start-up in Singapore • Govt. • Private • Others
Wed, 30 Dec, 2020 at 6:45 AM
What are the practice areas of projects that are available in Cycloan?
At present, Cycloan lists projects in these areas • Hardware • Software • Cyber Security • Network • Infrastructure
Wed, 30 Dec, 2020 at 6:46 AM
What details of tech SME’s/startups will be available for me as a sponsor on Cycloan?
Tech SME/start-up in Singapore Certificate of Incorporation Company constitution Financial statements (last 2 years or 1 year audited) Management accou...
Wed, 30 Dec, 2020 at 6:47 AM
What happens if tech SME/startup makes late repayments?
Cycloan collects penalty fees for SME’s making late repayments
Wed, 30 Dec, 2020 at 6:48 AM
What happens if tech SME/startup defaults?
The default criteria is specific to the Terms & conditions signed by the SME with Cycloan at the time of registration
Wed, 30 Dec, 2020 at 6:49 AM