The Micro Loan Programme (MLP) is a funding scheme spearheaded by the Singapore Government, in co-ordination with local banks aiming to support local business start-ups with funding for business operations and expansion. Loan quantum varies, which depends on the ultimate assessment by the financer but MLP typically lends up to SGD $100,000 max. This scheme will be ideal to SMEs that may be rejected by typical business term loans offered by banks. The following items will help to ensure the successful approval of your micro loan: Prepare a Strong Case The first thing you have to do is plan how you can throw the capability of your business. This will verify to the banks why you be worthy of their loan. By preparing the following items, you will have a high chance of securing a bank loan to set up your company. A business profile from Accounting and Corporate Regulatory Authority (ACRA) Your bank statement ...