SME FAQs
To qualify, your business must be a registered entity in its operating country, with an operating history of at least 2 years. In case of Singapore the enti...
Wed, 30 Dec, 2020 at 6:54 AM
Get verified – To become a borrower, you must be verified, therefore, the platform asks for a set of documents that needs to be submitted and verified Lo...
Wed, 30 Dec, 2020 at 6:55 AM
Cycloan has no restrictions on the number of projects and funds per project for both SMEs and sponsors. Quality and creditworthiness of the project/SME play...
Wed, 30 Dec, 2020 at 6:57 AM
Tech SME/start-up in Singapore Certificate of incorporation Company Constitution Financial statements (last 2 years or 1 year audited) Management acco...
Wed, 30 Dec, 2020 at 6:58 AM
Commission for Cycloan in any transaction depends upon the project value of SME and the risk assessment of the project conducted by Cycloan
Wed, 30 Dec, 2020 at 6:59 AM
Typically within 48 hours of our team getting all required documents and information
Wed, 30 Dec, 2020 at 7:00 AM
Typically within 48 hours of our team getting all required documents and information, and ascertaining that the funding application meets the credit risk cr...
Wed, 30 Dec, 2020 at 7:01 AM
The repayment process will be dependent on the project value, project duration, and the contract signed between sponsor and SME
Wed, 30 Dec, 2020 at 7:01 AM
The default criteria is decided based on the agreement signed by the SME and Cycloan during the SME approval and it is specific to the SME
Wed, 30 Dec, 2020 at 7:02 AM
Projects that are evaluated as good and credible by Cycloan system, but has not gained enough tractions from the sponsors will be funded by Cycloan technolo...
Wed, 30 Dec, 2020 at 7:03 AM