Jason(Name changed to protect client’s privacy)
Founder & Owner, Shopee-Based E-Commerce Business • Business Loan + Personal Loan
Backstory
Jason runs an e-commerce business primarily selling electrical accessories like extension cords through Shopee and physical retail outlets. His operations were stable, with a consistent client base and recurring orders. One long-time client placed a bulk order worth S$60,000, which Jason fulfilled — but the client vanished without payment. The loss sent his business into a financial spiral, leaving a sizable deficit and mounting stress.
Challenges
Desperate to stay afloat, Jason sought financing. However, his business no longer qualified for traditional bank loans. He turned to a loan agent who submitted applications everywhere, but the results were disappointing — offers came from crowdfunding platforms with high fees, short repayment periods, and exorbitant interest rates. He eventually secured S$400,000 but had just 6 months to repay. The interest burden was crushing; he could only afford to service the interest with no hope of clearing the principal.
How We Helped
That's when Jason came to us. After a full assessment, we discovered issues with his CBS (Credit Bureau Singapore) report and how his business accounts were being operated. We helped him:
- Repaired his CBS report and rebuilt his creditworthiness.
- Rectified structural flaws in business cash flow management.
- Reinstated facilities previously revoked.
- Optimized cost structures in operations.
- Secured new loans and rebuilt his financial foundation.
Result
Between July and November, we worked closely with Jason to rebuild his financial profile from the ground up. By December, he had successfully secured a S$400,000 business term loan, while his personal credit facilities were expanded from S$200,000 to S$1.2 million. On top of that, several additional trade facilities and credit lines were approved, bringing his total financing to S$1.7 million. What started as a rescue effort turned into a full turnaround — Jason’s business didn’t just recover; it emerged stronger, more efficient, and financially stable.
