SME FAQs

Who can borrow in Cycloan?
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
How can I borrow in Cycloan?
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
Minimum, Maximum funds and the number of projects that can be borrowed or funded ?
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
List of documents required to become a borrower on Cycloan?
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
How much is the commission for Cycloan in a transaction?
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
What is the time for KYC verification?
Typically within 48 hours of our team getting all required documents and information
Wed, 30 Dec, 2020 at 7:00 AM
What is the time taken for project verification?
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
What is the repayment process?
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
What is the procedure for default?
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
Under what circumstances will my project be funded by cycloan tech fund
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