If you are planning to expand the premise of your business then Commercial Loans (SMEs) can really be of use. They can help you with the everyday working of your organisation. UOB SME Loan is good for a long time investment. If you are planning to buy some machineries for your company the United Overseas bank Commercial Loans can be of great help. No matter what you needs are for your business, United Overseas Bank ensures that they take care of it.
UOB Bank is a prestigious bank that offers great innovative financial solutions to its customers. Choosing a commercial loan product offered by them can definitely prove to be extremely useful.
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Working Capital Financing is a great opportunity for investing. It helps you to manage your cash flow when you are in need of credit. With the overdraft facility offered by United Overseas Bank, you can avail more funds when you are in need. Thus, you can enjoy complete freedom to act on the needs and opportunities. Another advantage of the Working Capital Financing is that there are no extra charges associated with it. All you have to do is pay the interest on the money that are using. If you have a business in today’s world then this a must have for you. The financial requirements will fluctuate but this loan will always help you out.
The Trade Finance and Services offer comprehensive financial solutions to the companies that are engaged in domestic and international trade transactions. The Trade Finance solutions that are offered by United Oversea Bank are Documentary Collections, Letters of Credit, Banker’s Guarantees, Open Account Transactions and Standby Letters of Credit. On any underlying trade transaction, working capital financing can be availed. The bank will also take care of the risks that the exporters have to undertake.
An immense amount of liquidity and flexibility can be enjoyed with the import services offered by United Overseas Bank. These services are as follows.
The export services offer great liquidity and flexibility to the business. The services are as follows.
The Banker’s guarantees and Standby Letters of Credit are issued by United Overseas Bank.
Whether you’re planning to purchase a new business property or refinance your present premises of business, United Overseas bank is always there to help. The quantum of the finance is high and the rates of interest are attractive too. The repayment period is long enough, so you can make the payments without taking any pressure. The finance can be enjoyed for different business premises. These include shop units, office units, warehouses and factories. You may choose to combine this with overdraft facility for availing maximum flexibility.
The HP (Hire Purchase) facility can be availed by you to finance the purchase of vehicles. You will make the payments directly to the vendor as this particular arrangement of finance is strictly for the purchase of the commercial vehicles. The legal ownership will be taken by the bank, making you the hirer. After you complete making all the payments and clear all debts, the ownership of the vehicles will be transferred to you. The repayment mode is pretty flexible and the rates of interest are also attractive. Not only can you purchase your commercial vehicles at ease, but also you can manage the cash flow properly.
You can go ahead and make use of the Hire Purchase (HP) facility for buying machinery and equipment. With UOB Machinery & Equipment Financing your payments for the equipment and machine will be made directly to the vendor. Thus, the bank will have the ownership of all the machines that you buy for your business. You will become a hirer in this case. After you make all the payments for the loan and clear the debt, you will get the ownership of the machines and equipment
You can submit your application for hire purchase through Government Assistance Schemes.
In most cases, UOB Commercial Banking Loans are offered to businesses registered in Singapore.