There is no fixed minimum number of years a company must have been incorporated. What matters is operating history you can evidence — generally at least six months of active business revenue showing in the company’s bank statements. Incorporation date is not the test. Money actually moving through the account is.
Why six months of revenue, not two years of existence
A lender is trying to answer one question: can this business service the facility? A company incorporated three years ago with no trading history answers that no better than one incorporated last year. Six months of revenue in the bank gives an assessor something real to read — volume, consistency, how the account is conducted, whether receipts match what the business says it does.
What “active revenue” means
- Receipts from genuine trading, visible in the company’s own bank statements
- Not director injections, not inter-company transfers, not one-off lump sums
- Consistent enough to read as an operating pattern rather than a single event
The other requirements still apply
Being past six months does not by itself make a case. You also need a Singapore-based business carrying out legitimate commercial activity, at least 30% local shareholding with a local shareholder or director able to act as Personal Guarantor, and generally the guarantor’s latest two years of personal Notice of Assessment. Full list: SME loan requirements in Singapore.
If you are under six months
Being told “not yet” is more useful than being walked into a rejection that then sits on your record. If the business is close, the practical move is to get the documentation in order, keep the account conduct clean and come back when there is enough history to assess. We will tell you plainly which of those you are.
These are typical requirements, not a guarantee
Every case is assessed on the company’s financial position, revenue, existing liabilities, credit profile, ownership structure and the requirements of the relevant lender. Meeting the minimums is a starting point, not an approval.
Talk to us about your case
Every business is different, and the only honest way to answer “can we get this funded” is to look at your numbers. Send us your company name, roughly how much you need and what it is for, and we will tell you whether there is a case worth building. Speak to us, or read how it works.
Cornerstone Capital Services Pte. Ltd. (UEN 202622107K) is a business financing consultancy and is not a bank or a licensed moneylender. Loan approval, final quantum, tenure and interest rates are determined solely by the participating financial institutions and are subject to their credit assessment. Scheme figures shown are published by Enterprise Singapore and may change.
