Business First Loan

The quickest and most hassle-free loan for start-ups

The quickest and most hassle-free loan for start-ups

Collateral free* loan of up to

With only
3 Steps


  • Business is registered and operating in Singapore between 6 months and 2 years
  • At least 30% owned by Singaporean or Singapore PR
  • No more than 10 employees or annual turnover not exceeding S$1 million
  • At least 1 guarantor must be Singaporean or Singapore PR, aged between 21 and 62
  • Additional eligibility criteria may apply
Apply Online Now

Why choose Business First Loan

The Business First Loan is a collateral-freeA collateral-free loan means you do not need to pledge any assets as repayment for your loan, but there must be a guarantor to support the loan in the event of non-repayment. loan offered under SPRING Singapore’s Micro Loan Programme. It is designed for new businesses to get funds in the quickest and most hassle-free way, with a flexible repayment period of up to 4 years.

Read on to find out more.


Less paperwork, Zero legwork

Less paperwork, Zero legwork

Unlike most business loans for startups, you do not need to submit business proposals nor financial statements. Our Business Development Managers will also do the legwork by meeting you at your convenience. This means that you can focus less time on paperwork and more time on your business.

Get a response to your application in 1 day

We take only 1 business day to process and respond to you on your loan eligibility once we have all the necessary documentation needed. Our Business Development Manager will assist you at every step of the process.

Get a response to your application in 1 day
Get advice whenever needed

Get advice whenever needed

Taking your first loan can be a daunting experience. Our Business Development Managers will be glad to talk to you so that you can plan ahead and make confident business decisions.

3 Step Application Process

1 Inform us of your interest

Contact us via any of the three ways:

  • Apply Online Now
  • SMS <BFL> space <COMPANY NAME> to 72008
  • Whatsapp us at 9021 8880
Our Business Development Manager will contact you to:       
  • Understand more about your business needs
  • Send you a Consent Form
2 Prepare all necessary documents and submit them to us

You will be asked to prepare and submit these documents via Fax or Email:

  • A photocopy of your NRIC/Passport
  • Latest year’s Notice of Assessment
  • Latest month’s Company bank account statement
  • Completed Consent Form
We will inform you of your loan eligibility

Our Business Development Manager will call you to inform you of the details of the loan you are eligible for. If you wish to proceed with the loan, your Business Development Manager will arrange to meet you to finalise the application.

3 Sign your loan agreement

Congratulations! Your loan has been approved.
You will receive the funds between 3 to 5 business days.

How to apply?

sms to 72008

SMS <BFL> space
<COMPANY NAME> to 72008

Call us at 1800-BIZLOAN

Whatsapp us at
9021 8880

Bank With Asia’s Best SME Bank

Your confidence is the accolade that means the most to us. And that is why we strive to make banking simple, fast and convenient. As Asia’s Best Bank For SME, we’re committed to help your business grow locally and beyond.

Find Out More

OCBC Asean SME Bank

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Equipment & Machinery Financing
equipment and machinery financing
  • Financing of up to 90% of valuation or purchase price
  • Flexible repayment period
  • For both new and used equipment

Find Out More

Important Notices

Terms and conditions apply.

*OCBC bank requires guarantor(s) to support the loan.