Angeline Lawrence

Business Development Associate

Angeline, a graduate of Binus University in Jakarta, began her career in 2021 as an IT Consultant at PwC. She also has two years of experience in Business Development. Angeline is skilled in identifying how changes and risks affect different stakeholders and is proficient in market research. Throughout her career, she has consulted in various industries, including state-owned companies, entertainment, and mining, building a strong network. Her expertise is in conducting market research for business development and understanding transformations, localization strategies, and risk assessment when entering new markets. With her experience in analyzing stakeholder dynamics and market trends, Angeline is well-equipped to excel in her field. She is fluent in both English and Bahasa Indonesia, and she also has a basic understanding of Hokkien.

Niki Dwi Adityas

Digital Marketing Manager

Niki is a seasoned IT and Digital Marketing professional with a decade of experience in FinTech and E-commerce. His skill set includes website design, optimization, and noteworthy contributions to Loyalty Management Systems for renowned brands such as Shiseido and Gucci. Holding a Bachelor's in E-commerce from STMIK Indonesia, Niki is certified in Microsoft Database, Business Intelligence, and MVC Programming.

He is proficient in PHP, Laravel, WordPress, JavaScript, SQL, and Python, and he combines technical prowess with digital marketing expertise. Niki has successfully collaborated and worked with companies in Indonesia and Singapore, crafting high-conversion digital marketing campaigns. His unique blend of technical and marketing skills positions him as a valuable asset capable of driving success across diverse projects and industries.

Winnie Hoh

Accounts & HR Executive

Winnie's expertise lies in providing highly customized solutions tailored to the unique needs of each client. She excels in guiding SMEs and multinational companies through intricate accounting regulations, ensuring compliance and efficiency. A pivotal team member, Winnie adeptly manages clients' accounting, tax, administrative, and outsourcing needs. Her rich background as an Accounts Assistant Manager spans Malaysia and Singapore, showcasing her expertise in registering businesses, managing transactions, and navigating complex corporate landscapes.

Christy Eugenia

Social Media Manager

Graduating from the Bali Tourism Institute in Indonesia, Christy embarked on her career as a social media specialist in 2017. With over 4 years of experience in the Singapore market and 3 years in the Indonesian market, Christy possesses extensive expertise in developing effective business strategies, digital marketing strategies and managing social media campaigns across various platforms. She has also worked closely with numerous Key Opinion Leaders (KOLs) and influencers from both Indonesia and other countries. With her knowledge and skills as a business consultant, Christy can provide valuable assistance in establishing a strong digital marketing presence in new markets.

El-Given Christy

Chief Designer

El-Given Christy graduated from Maranatha Christian University Bandung and is an experienced branding consultant with over 6 years of experience in Indonesia and 2 years of experience in the Singapore market. She specializes in branding, social media design, and brand localization consultancy.

Throughout her career, El-Given has gained experience providing consultancy for various industries including jewellery retail, food and beverage, hospitality, and more. She is passionate about creating visually appealing designs that help businesses stand out in their respective markets.

Janice Koh

Loans & Partnership Manager

Janice holds a degree in Business Administration Management from PSB Academy. With her background in business administration and 11 year of experience in the financial sector, she was with AMEX before joining Bizsquare in 2021.

Janice is well-equipped to provide strategic insights and recommendations to businesses aiming to enter new markets. Her proficiency in market research, data analysis, and risk assessment ensures that clients receive thorough and reliable assessments to make informed market entry decisions.

She is in charge of business loan analysis, processing, report writing, and business partnerships with funders and our finance clients. With a total of more than 10 years of combined experience in the finance industry, she is a valuable asset to our team and successfully solved many loan-related issues for our clients.

Adela Shienny

Business Development Director

Shienny is an accomplished business development professional with a finance degree from New York University and holding a CFA level 1. She has an extensive experience in marketing and corporate finance, specializing in market research and localization strategies. She is a native Indonesian who has spent over a decade of her academic and professional life in Singapore and the United States, thus possessing a multicultural background and profound comprehension of the cultural intricacies in both Singapore and Indonesia. This unique perspective enables her to provide valuable support to her Singaporean clients in adapting and succeeding in the Indonesian markets.

As a member of the Stellar Women community with international property experience, Shienny has an extensive network in Singapore and Indonesia. Her connections span diverse industries like media, event organizers, food and beverage, investors, and entrepreneurs, making her an excellent business connector.

Additionally, her fluency in English, Chinese, and Bahasa Indonesia gives her a unique advantage in bridging the language gap for international companies, facilitating effective communication between foreign businesses and their Indonesian counterparts.

Jamie Tan

General Manager & Creative Director

Jamie is a creative growth achiever with over 16 years of experience in business management, branding, marketing, and design. Jamie is the Lead Consultant leading the business marketing team as the Creative Director and General Manager of Bizsquare.

As the executive management, she has vast experience in developing and implementing constructive business and marketing strategies for clients across all channels and works closely with the finance department on business budgeting and forecasting.

Jamie has helped many firms in market entry feasibility studies, business matching, consultancy, strategic branding and marketing consultancy, and many more. She is the brain behind the success of many big brands and companies, such as Uncle Ringo, Renee's, Chopstix, and Rice, and many more brands.

She used to be a co-founder and creative director, running her own children's fashion brand for 8 years prior to joining Bizsquare. We believe her all-rounded capabilities will help Bizsquare and our clients strive for better success.

Melvin Ho

Founder & CEO

Melvin Ho, a Practising Management Consultant (PMC), is the CEO of Bizsquare, specializing in Cash Flow Structuring and Business Brand Strategy for SMEs. He holds an MBA from Arcadia University, USA and a Bachelor of Commerce from Murdoch University, Australia.

Melvin founded Bizsquare in 2013 to address the underserved demand for SMEs financial management advice. Over the years, Melvin has provided management consultation to MNCs and government-related bodies. He has since then expanded his services to include branding and marketing, accounting, and business strategy development, offering comprehensive solutions for SMEs. Melvin has built a robust network of business owners across the globe, particularly in Singapore, Indonesia, and Malaysia.

With over 14 years of experience, Melvin's expertise, excellent business acumen and recognition in the industry has driven Bizsquare's customer success in building strong networks internationally. Many Singapore businesses have benefitted from his network. He has a strong team in Indonesia which has helped many Singapore businesses establish networks and partnerships there.

Alongside him is a team of experts dedicated to their respective areas of expertise, providing a comprehensive one-stop solution to clients worldwide.

Biz Content

SME Loan Singapore 2023 – Guidance and Overview


SME Loan Singapore

SME Loan Singapore 2023 – Guidance and Overview

What is the best way to obtain an SME loan if you own a business that needs funding to expand?

Many Singapore banks offer this financing, but they might be confusing at first. In this article, we will discuss everything you need to know about SME loan Singapore so that you can make an informed decision about your application process.

What Does An SME Loan Singapore Mean?

Small and medium-sized businesses (SMEs) play a significant role in Singapore’s economic system and specifically, SMEs are organizations with less than 499 employees. Over 90% of Singapore’s GDP comes from SMEs with a total employee of 2 million people, making them became the foundation of Singapore’s economy.

These Enterprises Require Cash to Develop and Flourish

These businesses need financing to grow, expand or just even stay afloat in today’s competitive business environment. This is where small business loans come in handy for SME owners who may want to purchase new equipments or hire more staff members but do not have enough money on hand for such investments at any given time.

Types of SME Loans

Business Term Loan

The most common type of business loan offers fixed monthly payments and a set interest rate over an agreed-upon term (length). The interest paid on this type of loan will usually be based on your business’ credit score as well as other factors such as your operating history.

Invoice Financing (Invoice Factoring, Invoice Discounting)

This type of financing allows you to receive cash upfront in exchange for your outstanding invoices—meaning you no longer have to wait 30 or more days after the sale occurs before receiving payment on the invoice itself! You’ll still need a certain amount ($50K+) in outstanding invoices though so make sure yours meet this requirement before applying for this kind of financing option.

(Note: while there are some similarities between invoice discounting/factoring companies, one thing sets them apart from each other; discounting companies give clients access to their funds immediately, whereas factoring companies wait until they’ve collected all their client’s outstanding invoices before paying out any funds.)

Working Capital Loan

This loan is normally for the working capital purpose for business expansion, for a project cost as a working capital for an existing project, or as a working capital to buy inventories.

sme loan singapore

How to Choose the Right SME Loan?

When choosing a loan, you can apply for loans that match your business needs. For instance, if you need to buy new equipments or expand your operations, then choose a loan that allows you to do so.

However, if it is just one-off expenses like paying off debts or repairing your vehicle, then there are other options available such as applying for a business term loan for immediate cashflow needs.

Also when choosing an SME loan, such as for working capital purposes; make sure that the interest rate on the loan does not exceed what is your business profit margin and will not burden your company financially in any way. For example, if your margin is 20% if the loan is 8%, it is still reasonable to take the loan and get a lesser margin of 12%, than not to do the project without any funding.

What Are the Charges/Fees Involved in an SME Loan?

If you have a good credit score and a regular cash flow from your business, then it’s possible to get an SME loan at a higher approval rate. Nowadays, most Singapore banks charge interest rates of between 8%p.a. and 11%p.a. You should also keep in mind that the processing fee is usually 1-2% of the total borrowed amount. It’s important to note that there are other charges involved with taking out an SME loan:

  • Early Repayment Charges: If you want to pay off your loan early, it can cost you as much as 2% of the outstanding amount. For example, if your outstanding balance was $10,000 and you repay it after one year rather than 5 years (as originally agreed), then this would equate to $200 in fees for closing out your contract early.
  • Default Charges: If you miss any payments on your contract or fail to make reasonable arrangements for repayment after being given reasonable notice by the lender/bank/credit provider/agency etc., this may result in default charges being levied against you by the said entity which could potentially lead towards repossession of assets including residential property if necessary, so always remember this when signing up terms.

How Much Can I Borrow?

The amount you can borrow will depend on the following factors:

  • Your business’s cash flow
  • Your business’s financials
  • Your business’s credit rating
  • Your director’s personal credit rating
  • Director’s income

sme loan singapore

What Will the Bank Take into Consideration?

  • Credit Score. A business credit score is an assessment of your company’s ability to repay a loan. The higher the credit score, the more likely you are to get approved for a loan. In general, banks and other lending institutions look for businesses with at least a B rating and above.
  • Collateral. Most banks will only offer you funding if they can secure it in case you default on your debt payments. For example, if your business has equipment or property that could be repossessed in the event of financial hardship, then this can be used as collateral during the application process (and again when taking out additional loans). This would also include assets such as inventory or accounts receivable—anything that can help secure the repayment of their investment if needed should an emergency arise later down the road.

How Do I Apply for an SME Loan?

To apply for an SME loan Singapore, you simply need to:

  • Get a copy of the loan application form from your bank.
  • Fill in the application form and submit it to the bank.
  • Wait for your application to be reviewed by the bank. If they approve your loan, they will contact you directly with more information about how to proceed with making payments on that loan and any other information that they consider relevant to your business needs.

Applying is easy, however, getting it approved is not. Do you know that if you get rejected, you will need to wait for 6 months to 12 months before you can re-apply again?

So if you wouldn’t wish to take the risk, you may consult with Bizsquare Management Consultant Pte Ltd for help and we’ll be happy to assist you.


Applying is easy, however, getting it approved is not. Do you know that if you get rejected, you will need to wait for 6 months to 12 months before you can re-apply again?

So if you wouldn’t wish to take the risk, you may consult with Bizsquare Management Consultant Pte Ltd for help and we’ll be happy to assist you.

Director of Bizsquare is registered Practising Management Consultant under Enterprise Singapore.

Bizsquare is a one-stop business consultancy firm providing Loan Consultancy Services, Accounting and Corporate Secretarial Services, Branding and Marketing Consultancy, Strategy Management and Start-up Mentorship.

Consult Bizsquare,business property sme working capital loan, mortgage broker, invoice financing

Bizsquare is a one-stop business consultancy firm providing Loan Consultancy Services, Accounting and Corporate Secretarial Services, Branding and Marketing Consultancy, Strategy Management and Start-up Mentorship.