Frequently Asked Questions
We’ve got answers to some of your burning questions on our business financing solutions.
Quik
What is Quik?
Quik is a fast and flexible small business loan offered by Poss Capital. Fill up your application and submit it online in less than 10 minutes.
Why is Poss Capital lending my business money?
We understand that small and medium-sized enterprises face major challenges with limited access to finance. Poss attempts to bridge the financing gap for businesses that do not have access or lack sufficient funding by providing them an alternative source of capital, leveraging on the use of technology to provide a seamless and user-friendly experience so that business owners can focus on how to effectively grow their business without any worries.
Do I qualify for Quik?
You’ll need to be a Limited Liability Partnership or Exempt Private Company limited by shares incorporated in Singapore. In addition, you’ll need at least 6 months of transaction history in an operating business bank account.
Are there any restrictions?
Unfortunately, we are unable to lend to Sole-Proprietorship and Partnership at the moment.
Do I require any collateral?
No collaterals will be required but we will request for key stakeholders within the business to provide personal guarantees for the loan.
How are decisions on Quik made?
Your business loan application will be reviewed through a data-driven yet flexible approach by understanding various information across your business, focusing on the creditworthiness, ability to repay and your current business needs.
How Quik? And what happens after?
Upon successful submission of your loan application, we will revert back to you on the results within 48 hours. You will receive an email and/or loan agreement requesting for digital signature(s), outlining the offer, including but not limited to approved loan quantum, pricing, tenure, due dates and monthly repayments.
How will I receive my funds?
We will disburse the funds into your main operating account within 24 hours of the completion of the loan agreement.
How can I repay my loan?
There are no hidden fees and no prepayment penalties. Use what you need and pay for just that. Be in control with your funds and indicate to us your preferred channel for monthly repayments.
Opens: 9am - 6pm
Monday to Friday
Contact: +65 8060 7100
Email: contact@poss.sg
12 Kallang Ave #01-56
Singapore 339511
Opens: 9am - 6pm | Monday to Friday
Contact: +65 8060 7100
Email: contact@poss.sg
Quik
What is Quik?
Quik is a fast and flexible small business loan offered by Poss Capital. Fill up your application and submit it online in less than 10 minutes.
Why is Poss Capital lending my business money?
We understand that small and medium-sized enterprises face major challenges with limited access to finance. Poss attempts to bridge the financing gap for businesses that do not have access or lack sufficient funding by providing them an alternative source of capital, leveraging on the use of technology to provide a seamless and user-friendly experience so that business owners can focus on how to effectively grow their business without any worries.
Do I qualify for Quik?
You’ll need to be a Limited Liability Partnership or Exempt Private Company limited by shares incorporated in Singapore. In addition, you’ll need at least 6 months of transaction history in an operating business bank account.
Are there any restrictions?
Unfortunately, we are unable to lend to Sole-Proprietorship and Partnership at the moment.
Do I require any collateral?
No collaterals will be required but we will request for key stakeholders within the business to provide personal guarantees for the loan.
How are decisions on Quik made?
Your business loan application will be reviewed through a data-driven yet flexible approach by understanding various information across your business, focusing on the creditworthiness, ability to repay and your current business needs.
How Quik? And what happens after?
Upon successful submission of your loan application, we will revert back to you on the results within 48 hours. You will receive an email and/or loan agreement requesting for digital signature(s), outlining the offer, including but not limited to approved loan quantum, pricing, tenure, due dates and monthly repayments.
How will I receive my funds?
We will disburse the funds into your main operating account within 24 hours of the completion of the loan agreement.
How can I repay my loan?
There are no hidden fees and no prepayment penalties. Use what you need and pay for just that. Be in control with your funds and indicate to us your preferred channel for monthly repayments.
