Get funding and use it to grow your business

We are one stop shop for SMEs. We don’t just offer business loans, we also connect you with a support network that helps you use your loan effectively.

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How it works

1

Simple

Apply online in under 15 minutes

2

Personalised

If approved, you will get a personalised quote

3

Secure

Our loans come from certified and reliable investors

4

Fast

The entire process will take less than one week

5

Support

Recieve FREE support on how to best use your loan

6

Customer first

Maximize time spent on increasing sales

Lendurance was founded on the basis that customers dont buy products, they buy solutions to their problems. We offer easy to implement solutions that go beyond just loans.

Why Lendurance?

Lenders
  • Lenders’ capital is protected. Lendurance loans are secured and insured
  • 5% – 15% fixed income investment returns on a secured asset
  • Portfolio diversification through access to an alternative asset class
  • We combine established credit appraisal with ESG* metrics to holistically assess SMEs; ESG investing will protect and enhance portfolio returns

 

*(ESG Environmental, Social and Governance)

Borrowers
  • Get the finance you need with a fairly priced loan
  • Reduce the amount of time spent searching for and accessing solutions to your problems
  • Use our application process to help clarify the risks, in your business
  • Maximize the time spent on core business activities
  • Increase sales and grow your business
Community
  • Our support ecosystem helps SMEs improve, succeed and accelerate sustainable growth in ASEAN economies; enhancing their contribution to the development and prosperity of the region
  • We are focused on value creation within ASEAN. We also want to support social progress, cultural development, stability and collaboration in the region
More about us

A simple, intuitive, and personalized experience that uses the information you provide to offer competitively priced loans AND propose relevant solutions to your problems.

Frequently asked questions (FAQs)

For help or more information, please contact us at info@lendurance.com or refer to our FAQs below.

1. What is Lendurance?

Lendurance was founded on the premise that customers don’t buy products – they buy solutions to their problems.

A major problem SMEs face is getting funding. Our platform connects SMEs who are seeking funding (loans and supply chain finance), with investors who are willing to lend money in return for investment yields – funding is the core solution and includes business loans and invoice/purchase order financing.

SMEs told us that if and when they obtain funding, they are not always able to access relevant and economical solutions to their other business problems. We use data collected during credit risk assessment, to anticipate potential problems and recommend other relevant solutions ahead of time (e.g. insurance, forex, cost reduction). This provides the convenience SMEs seek, by reducing the amount of time spent searching for and accessing various solutions, whilst enabling them to innovate, build resilience and accelerate sustainable growth.

2. Who is it for?

Our vision is to help ASEAN SMEs run better businesses. When SMEs prosper, this not only accelerates economic growth, but also social progress, job creation, cultural development, stability and collaboration in the region.

Our platform invites accredited and institutional investors to invest their money by lending directly to established ASEAN SMEs. The investors can earn attractive returns as the SMEs pay back the loans each month, whilst driving value creation within ASEAN.

3. How are you different to other lenders?

We pride ourselves in putting our customers first by trying to understand what they really value. We spoke to various SMEs in different industries in order to understand their problems. The solutions SMEs can buy from us are designed based on the feedback we received.

Our experienced leadership team has worked across geographies and industries with SMEs, investors, and regulators. We have seen what works well in SME lending and what the pitfalls are. We have put this experience into practice in order to improve investor protection in local markets.

We are neither a bank nor a social enterprise. However, we are guided by a purpose that goes beyond making profits. We think it is important to provide business solutions to address unmet and emerging problems, including social needs and gaps.

4. How can I contact you?

If you would like help or further information, we would love to speak to you. You can call us on +65 8371 6834. You can also email us on info@lendurance.com or have a look at our FAQ section as we may have an answer for your question there.

5. Is my data secure?

Lendurance works hard to protect our users from unauthorised access to or unauthorised alteration, disclosure or destruction of information we hold. All the information is encrypted using SSL and is backed up daily so that no information is lost.

6. How do you protect against financial crime?

We conduct business in such a manner as to guard against the facilitation of fraud, money laundering or terrorism financing and assist and cooperate with relevant law enforcement authorities in detecting and preventing money laundering and terrorism financing. We apply the following principles.

  • Customer due diligence – to maintain satisfactory evidence of Customer’s identity.
  • Compliance with laws and regulations – to conduct business with high ethical standards.
  • Co-operation with law enforcement agencies – to disclose suspicious transactions to the relevant authorities through a designated person.
  • Policies, procedures and training – to ensure necessary procedures for Customer identification, retention of records, reporting of suspicious transactions and training of staff are in place.

7. What is ESG?

Environmental, social and governance (ESG) refers to the three central factors in measuring the sustainability and ethical impact of an investment in a company or business. There is a growing body of evidence that supports these criteria helping to better determine the future financial performance of companies and also their probability of default on a loan. We use ESG metrics, amongst other data points, to assess the credit risk of a borrower.

1. Am I eligible to get a loan?

In order to qualify for a Lendurance loan, we ask that you have:

  • Registered as a corporation or limited liability partnership with ACRA Singapore
  • Operated a Singapore business bank account for the last eighteen months
  • Not been declared bankrupt (current and historical)
  • Been trading for at least two years and have accounts and tax submissions to support this
  • Evidence to demonstrate commercial invoice payment performance
  • A growing customer book of accounts receivable (including contracted revenues)

2. How much can I borrow?

We offer term loans from SGD$25,000 to SGD$1M and invoice financing loans from SGD$10,000 to SGD$1M. The exact amount you might be able to borrow depends on a number of factors that feed into our credit risk assessment. Because we use your accounts receivable as security, this must always be equal to or greater than the loan value.

3. How do I apply?

The application form takes no longer than 20 minutes to complete; all information can be uploaded within the online form.

4. How soon can I get the funds?

We will assess the online application and provide you with an in-principle decision within 48 hours. For some loans, we may choose to visit you at your premises in order to meet the management team and understand your business in more detail. Once the loan has been approved fully and the contractual documentation has been completed, it will get posted to the platform for investor funding. We aim to get posted loans funded within a week.

5. Do I need to be a company director to complete the application?

The majority of the information in a loan application can be filled in by any employee in the company, however, in order to formally submit the application a director will need to be present to verify the answers to our questions are complete and accurate.

6. How much interest will I get charged?

This will vary depending on the outputs of our credit risk assessment. Typically, it will be 1% – 3% per month.

7. What fees will I pay to Lendurance?

For business loans, we charge 5% of the total loan value for facilitating the loan and collecting repayments. We will deduct our fees from the total loan amount paid to you so you are paid the net amount. For example, if your loan is for SGD$100,000 over 2 years, our fees will be SGD$5,000 and we will pay you SGD$95,000 when the loan is approved.

For invoice financing we charge 1% of the total invoice value.

NOTE: Our fees are linked to the loan capital and not the interest you pay; this mitigates any conflicts associated with trying to sell higher interest loans.

8. Can I have more than one loan?

Yes. We will usually require 6 months of repayments from your previous loan before considering a second loan application. Additional funding requirements are treated on a case by case basis, and you will be required to fully submit a new loan application to be assessed.

1. How does the funding process work?

Once your documents have been received and reviewed, you have agreed to the loan contract and you have set up your Direct Debit, your loan request will then be listed on our platform. Registered Lendurance investors will then start offering amounts of money to fund your loan. Your loan can be funded by several investors offering smaller amounts, or by one large investor offering you the whole amount.

2. What if my loan does not get fully funded?

A loan needs to be fully funded for you to be able to receive funds; borrowers cannot receive partially funded loan requests. If a loan does not become fully funded by end of the listing period, we may re-offer your loan to investors on the platform. If the loan is then not fully funded, all funds will be released to investors and no funds will be disbursed to your business.

3. How do I receive funds?

As soon as your listing is 100% funded, we will send you a confirmation email. As long as your loan is fully funded before 12pm on any working day, we will pay the loan into your designated business bank account the same day. Funds can take up to two days to reach your account.

4. Can I cancel?

Once you have accepted your loan contract and your loan has been listed on the marketplace, you won’t be able to cancel it.

5. How do I repay my loan?

Direct debit – Giro

6. What are the repayment terms?

Term loan – capital + interest every month for duration of the loan term. Invoice Financing – capital + interest in one repayment at the end of 30, 60, 90 or 120 days tenure.
There are no penalties for early repayment of the loan.

7. What if I miss a payment?

We operate a ‘Zero Tolerance’ approach. We classify ‘Borrower in Default’ as the following:

  • Where a Borrower has either: missed a capital payment; missed an interest payment; failed to report monthly as required and fails to rectify the issue within 14 days.
  • Where we believe a business is failing and we decide there is an actual (or short-term likelihood) material breach in the loan agreement by the Borrower.

8. What if I default?

Unlike many Lenders, we understand that sometimes businesses get into trouble through no fault of their own and, fundamentality, there is still a solid business operating. In these scenarios, we will work with the business to find a route out of the problem. After we have exhausted these options will we look to engage debt collectors, appoint Administrators and commence legal proceedings should it be necessary to protect our investors.

1. Can I become an investor?

You may register to be an investor on our platform if you are an institutional investor or an accredited investor. For the latter, you may be an individual or entity. You do not need to be a Singapore resident but we would need your documents to confirm your identity.

2. How much can I invest?

A minimum portfolio size of SGD $50,000 is required overall. A minimum investment of SGD $1,000 per facility is required. There is no maximum investment limit however we want to ensure that investors do not over-expose themselves to risk.

3. What is the minimum duration of my investment?

Each loan posted on the platform will have a specific duration. If an investors would like to fund the loan, it must be for the entire duration. Loans can vary in tenure from 3 to 36 months.

4. What currencies can I invest in?

Singapore Dollar

5. Who am I lending to?

Although we want to support all ASEAN SMEs who meet our eligibility criteria, we plan to be best in class for a select range of industry verticals. We will target SMEs in high growth, low client churn, government backed industry sectors (for example agritech, meditech, pharma and sustainable food production, transport and logistics, professional services), where loans can be secured against accounts receivable and future R&D grants.

6. What interest do I earn?

This will vary depending on various factors including market conditions, your choice of loans, total investment size and level of diversification. Indicative returns are between 8% – 12% per annum

7. How often do I receive returns?

For term loans, capital and interest will be collected from borrowers and repaid to investors monthly. For invoice financing, capital and interest will be collected from borrowers on the invoice due date

8. What fees will I pay Lendurance?

We charge 1% of the total investment you have made in for usage of the platform, and collection of monies owed. We will deduct our fees from monthly repayments (terms loans) / final repayment (invoice financing) so you are paid the net amount. For example, if your investment is for SGD$100,000 over 3 years, our fees will be SGD$1,000 and we will deduct this from the monthly repayments you receive over the 3 year period.

1. Can I become an investor?

All client money is held in segregated ESCROW account that are managed by an MAS approved third party; there is no co-mingling of client money with Lendurance’s own funds. We have put in place arrangements to ensure that the loans we facilitate would continue to be managed and administered, on an ongoing basis and in accordance with the contract terms, even if the platform ceased to carry out those functions itself. This includes a resolution manual containing information about our operations that would assist in resolving the platform in the event of its insolvency.

2. Are the loans secured?

Whilst investors’ capital is protected by the securitization of accounts receivable, first asset charge that we secure against the borrower and the credit insurance, investors capital is not guaranteed. Your capital is at risk.

3. Are the returns guaranteed?

No. Actual return may be higher or lower than envisaged

4. Do I receive interest on undeployed funds?

No. We aim for funds to be matched against loans within 48 hours. Where this might take longer, we expect the interest that accumulates on those funds to be negligible.

5. What if the borrower pays late?

We operate a ‘Zero Tolerance’ approach. We classify ‘Borrower in Default’ as the following:

  • Where a Borrower has either: missed a capital payment; missed an interest payment; failed to report monthly as required and fails to rectify the issue within 14 days.
  • Where we believe a business is failing and we decide there is an actual (or short-term likelihood) material breach in the loan agreement by the Borrower.

6. What if the borrower defaults?

Unlike many Lenders, we understand that sometimes businesses get into trouble through no fault of their own and, fundamentality, there is still a solid business operating. In these scenarios, we will work with the business to find a route out of the problem. After we have exhausted these options will we look to engage debt collectors, appoint Administrators and commence legal proceedings should it be necessary to protect our investors.

7. What are my tax implications?

Returns from lending at Lendurance are paid without any tax being deducted. we are unable to provide any further information about tax and recommend you take specialist tax advice to understand your tax implications fully.

8. Can I withdraw funds from my account?

Once you select and confirm your investment, you are committed to that / those loans. To ensure fairness to the borrowers and other Investors, you would not be able to withdraw your investment decision as any withdrawal would disrupt the funding process.

Questions?

Call us on +65 8371 6834

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British Chamber of Commerce Singapore Association of MSME Trade Coalition Singapore Fintech Association

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