Leon Foo, Founder of Papa Palheta and Chye Seng Huat Hardware, took up the UOB Business Loan to help fund his expansion plans.
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UOB BizMoney loan provides funding with up to 4 years loan repayment for your business needs.
There is no requirement to pledge any property or deposit as collaterals to apply for this loan. Personal guarantee(s) may be required.
Apply for your UOB business loan with minimal documents required and get a response in 24 hours^
When it comes to expansion, funding is of vital importance. But some SMEs may view taking up loans as being in debt instead of a growth opportunity, while others may still be in search for answers to the question of what and how do you expand with the funds obtained.
In this video, Leon Foo, owner of Papa Palheta and Chye Seng Huat Hardware, shares his thoughts on growing his coffee business, the importance of diversification to stay relevant and taking up the UOB Business Loan to fund his expansion plans.
Please enter the loan information to continue.
There would be an estimate repayment of
4,553(Effective Interest Rate of x.xx%)To assist you in your planning, we are pleased to provide you with a loan repayment schedule for your working capital needs. For more details, visit any of our UOB branches or request a callback from us.
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Apply for a UOB Business Loan and get a response in 24 hours^ |
Get in touch with us by filling up the Call Back form. We will contact you within 24 hours
Complete the loan application form and submit the documents required
Application has been approved. You proceed to sign the loan agreement and funds will be disbursed subsequently
| Interest rate | Facility rate | Annual fee |
|---|---|---|
| 10.88% p.a.+ | 2% of the approved loan quantum | S$500 per year |
+Interest Rate Per Annum is 2.88% ("Margin") over the Bank's Business Board Rate prevailing from time to time. The Bank's Business Board Rate is currently 8% per annum.
Terms and conditions of governing BizMoney apply.
^For enquiries that reach UOB within the Stipulated Timing, we will contact you by the next Business Day with an indicative loan amount that you may apply for. “Business Day” is defined as Mondays to Fridays (Singapore date and time, and excluding Singapore public holidays). “Stipulated Timing” is defined as 8am to 8pm from Mondays to Saturdays (Singapore date and time, and excluding Singapore public holidays). For enquiries that reach UOB at times other than the Stipulated Timing, we will contact you within two Business Days after UOB receives your enquiries, with an indicative loan amount that you may apply for. Full product terms and conditions apply. The quote of the indicative loan amount is based on the information provided by the customer and does not constitute an offer, an invitation to offer, a solicitation or recommendation to enter into or conclude any transaction, and the quote of the indicative loan amount is not a contractual agreement by UOB to provide the UOB business loan or any other products/ services to the customer. Accordingly, the actual approval of the UOB business loan application is subject to the submission of the required full and complete documentation as UOB may so require at its discretion and UOB’s credit assessment. UOB has the absolute right and discretion to decide, for whatever reason and without prior notice and without being liable to any person, whether to approve the customer’s application for the UOB business loan and whether (i) to grant (or not to grant) the customer the amount of the UOB business loan requested for in the customer’s application form; or (ii) to grant the customer a lower amount from the amount of the indicative loan amount quoted or from the amount of the UOB business loan requested for in the customer’s application form. Visit uob.com.sg/businessloan for more information.
