Their simple and unassuming shopfronts rarely capture your attention but can prove to be a great source of help. Hardware / DIY stores that you see in your neighborhood are an important necessity but often overlooked. The home improvement products that they have often prove to be handy whenever you run into issues with your home.
You might currently own a hardware / DIY store and are looking to expand it. You might also be thinking of renovating your current store and giving it a fresh new coat of paint. It’s great that you are setting your sights further. However, all these require additional costs and the figures are not going to be pretty. If you require additional financial help, SBL Singapore will be more than willing to help.
Our business loans are all encompassing and can help to bring your business to greater heights. With our low interest rates and flexible loan tenures, you’ll be assured that you’re applying for one of the best business loans in the market. Having been in the business for almost a decade, we’ve helped countless businesses in Singapore financially so that they’ll be able to achieve much more.
An example of a hardware store we’ve helped is one in the North East owned by Mr Joshua Low. The store has been in operation for the past 40 years. It was originally owned by both his parents. However, citing age as an issue, they decided to pass the business down to Mr Low.
Upon taking over the business, Mr Low decided to renovate the entire shop as it looked pretty run down and shabby. He also wanted a more organized manner of arranging the household hardware available requiring more shelves and the incorporation of aisle signs. All these meant incurring extra renovation and equipment purchases costs.
This was where he sought the help of SBL Singapore to tide him through the renovation and equipment purchasing process. With out quick approval and application process, he was able to get work started on the store as soon as possible.
Three years on, Mr Low’s hardware store is still going strong. The renovation and equipment purchase has made his store to feel more welcoming. It also provided his customers with better satisfaction as the aisle signs act as a more efficient way of finding the necessary items.
With SBL Singapore’s financing, we can help you:
- Buy or lease equipment(s)
- Purchase inventory or supplies
- Rent space or remodel
- Create and execute a marketing campaign
- Hire and train staff
- Secure the licenses and other permits you may need
Launched in February 2018, SBL Singapore aims to provide financial assistance to all companies including those in the hardware / DIY industries. We also gather mentors in related fields through our Coach-and-Go programme for our clients to attain more information and knowledge on business management. Our objective is to help local Singapore brands grow and enter the overseas market.
With a Hardware / DIY Store Business Loan, you pay for an inexpensive and reasonable rate of interest on monthly repayments, ensuring that you have enough capital to remain competitive and grow your business. In addition to funding, you will also obtain the mentor-ship and operation assistance that you require.
- Max Loan Amount$1,000,000
- Min Years to Qualify0.5
- Min. Annual Turnover< $100,000