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Get Download The Spring Singapore Bridging Loan Application Form
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How to fill out the Download The SPRING Singapore Bridging Loan Application Form online
Filling out the Download The SPRING Singapore Bridging Loan Application Form online is straightforward, but requires careful attention to detail. This guide will provide clear instructions to help you complete each section of the form efficiently.
Follow the steps to successfully complete your application online.
- Click the ‘Get Form’ button to access the application form and open it in your preferred editor.
- Begin with Part 1, which involves entering your company data. Provide the registered name of your company as per ACRA, correspondence address, and the details of your contact person including email, phone, and fax numbers.
- Fill in the ACRA Reference No./UEN, date of registration, business activity, and number of staff. All fields must be completed to advance.
- For shareholding details, list the names of shareholders, their nationality, and share percentages. Ensure that the total percentage equals 100%. Include separate sheets if necessary.
- Consolidate past performance data in the designated section by providing information on sales, net profit before tax, and fixed asset investments for recent fiscal years.
- In Part 2, specify the loan facilities you're applying for, indicating the amount of financing required and any concurrent loan applications that are pending.
- Complete Part 3 by making the necessary declarations regarding your company's status, loan exposure, and purpose of the loan. Ensure that all required boxes are checked.
- If applying for overseas operations in Part 4, describe the strategic functions conducted in Singapore as they relate to your international business.
- Before submitting, use Part 5 to check that all necessary supporting documents, such as financial statements and ACRA searches, are attached.
- Finally, you may save your changes, download the completed form, print it if necessary, or share it with your financial institution for submission.
Start filling out your document online today to take the first step towards securing your bridging loan.
Capitalised Interest vs Simultaneous Repayment Bridging Loan With this, repayments will only commence after you sell your old home. As such, you don't need to pay for two loans at the same time. On the contrary, Simultaneous Repayment bridging loan works the other way around.
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