:confused:
I have approached so many Banks for loan but was rejected again and again.
I have even put in my factory unit which is fully paid for as a colleteral to obtain a loan, but yet was rejected, WHY!!
The banks claim they are not comfortable with my annual income declaration.
But my factory unit is valued at at least S$300,000.and have 46years more left.and is fully paid off by cash.I only need a loan of S$100,000.why worried about my income, when i have paid off property to pledge! I only need cash flow to continue to run my business.
And Singapore Banks have been losing mllions and billions of dollars to big organizations & etc.. why they can't just help small business people like us with 100% colleteral.Finally,anybody can help me beside the banks??