Do companies incoirporated out side USA qualify for loan?
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!