Amit(Name changed to protect client’s privacy)

Backstory

Amit, an Indian Permanent Resident in Singapore, runs a company specializing in electrical works. The business initially operated as a subcontractor, undertaking electrical road works and HDB electrical upgrading projects for various main contractors.

Challenges

In April 2023, Amit sought to expand by securing more direct contracts from the Jurong Town Council. However, to qualify, the company needed to demonstrate sufficient financial resources. Due to existing loan obligations and prior business bank loans, most banks were either unwilling to lend or only offered minimal funding—hindering growth opportunities.

How We Helped

Over a dedicated 8-month period, we conducted a thorough analysis of Amit’s financial position and crafted tailored, long-term funding strategies. Leveraging our financial expertise and extensive banking network, we successfully secured an additional $1.4 million in funding through banks that had previously been reluctant.

• Performed an in-depth review of all existing loan commitments and cash flow.
• Identified and presented a stronger financial profile to multiple lenders.
• Crafted bespoke financing solutions aligned with the company’s expansion plans.
• Secured $1.4M in long-term funding through trusted banking partners despite earlier rejections.

Result

With the secured funding, Amit’s company successfully upgraded its BCA license from Level 1 to Level 4. This upgrade enabled the transition from subcontractor to main contractor status, allowing the company to take on larger-scale projects directly. Within a year, the business achieved rapid growth and moved from a financially strained position to a trajectory of robust and sustainable expansion.