I am in the sustainable seaweed business, I buy seaweed directly from fishermen/ coastal folks and process into bio stimulant(fertiliser ) for crops and animal feed supplement.
My business is incorporated in Singapore and have another incorporation in Indonesia.
Please advise how do we qualify for the loan.
Van Voon Lee +65 90060638
Hello, and thanks for the question!
As a foreign company, you probably couldn’t just walk into an American bank and qualify for a traditional loan. However, you may be able to identify some banks that do business in your regions as well as the United States, and they could assist you. You may want to specifically target US-based banks that have international departments doing business in Singapore or Indonesia. Which of your businesses might qualify for a loan will be determined by their respective cash flows and balance sheets.
Given the nature of your business, you may also want to look for impact investing firms or impact lenders. These types of companies focus investments in companies like yours that have a positive economic impact or promote sustainability. Depending on how much you need to borrow, you may be a perfect candidate for a microfinance program offered by some philanthropies and NGOs.
I hope this helps. Best of luck!
You must be logged in to reply to this topic.
Not signed in?
Sign in to participate on our website!
315 Madison Avenue, 24th Floor
New York, NY 10017
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.