COVID-19 Business Loan Reliefs for SMEs

Validus provides working capital to fund or bolster SMEs’ responses to the pandemic. SMEs providing essential services and products can obtain funds to meet increased demand or to address cash flow challenges - all without the need to pledge collateral, and with less paperwork required.

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Financing local SMEs in these sectors:

  • Wholesale Trade
  • Healthcare, e.g. Medical Supplies
  • Logistics and Transportation
  • Food Suppliers and Distributors
  • Cleaning, Delivery services
  • Or, SMEs with Govt. Buyers
invoice-financing
Invoice Financing
Up to$500k
Easy to apply, 48-hr approval
One-time disbursement fee only
30 - 150 days' tenure
po-financing
Purchase Order Financing
Up to 60%
of PO amount
Easy to apply, 48-hr approval
One-time disbursement fee only
30 - 150 days' tenure

Financing your response to COVID-19

alternative-financing
For operational expenses and address cash flow challenges to support business
fulfil-orders
Fulfil orders and meet increased demand in production of essential goods and services
supplement-govt-relief
Supplement government relief measures with additional working capital
adapt-and-retool
For new business ideas or to adapt services or products in response to the current economic situation

Frequently Asked Questions

What is the eligibility criteria?

To qualify for a COVID SME business loan, your business must be registered on ACRA, with an operating history of at least 2 years, and a minimum annual revenue of at least SGD 500k.

How much can my business borrow?

You may borrow up to SGD 500k for a COVID SME business loan. Loan amount, interest rates and disbursement fee for any finance or loan request may vary and is subject to assessment by Validus Capital.

How do I apply? What is the process?

Simply get in touch with us to get started. The application process for a COVID SME business loan typically takes less than 15 mins. Once your application has been approved and the documents verified (typically within 48 hours), your financing request will be crowdfunded by our lenders and the funds will be disbursed to your nominated account within 24-48 hours.

What documents are required to apply?

It’s easy to get started, SMEs will simply need to send in a few documents to apply for a COVID SME business loan*

  • Bank Statements (past 6 months)
  • Financial Statement/ Management Account (past 1 year)
  • Credit Bureau Statement (past 1 month) of Personal Guarantor(s)
  • Notice of Assessment (past 1 year) of Personal Guarantor(s)

*Required application documents may vary on application based on the financing request

What is the interest rate?

It can vary from 1% – 2.50% per month, depending on the SME profile and credit analysis.

Are there any fees?

Yes, there is a one-time disbursement fee only.

How soon can I receive funds?

Typically within 48 hours of your financing request being successfully funded on our platform, and you have signed off on the required transaction documents.

Please refer to our FAQs page if you have more questions.

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