Financing a business is one of the things that you should learn if you want to start your own trade. For small businesses, having ways to keep them running and provide the funds needed is not going to be easy, especially for start-ups. This is where business financing comes in. One of the most popular options is a corporate tax loan. If you want to know more about how it can benefit your business, then read on.
What is a Corporate Tax Loan
A corporate tax loan is used to provide you with more reasonable monthly payments for your business’ tax by spreading it out into what your business can afford. At DBS SME Banking, this short-term loan is tailored for SMEs. The funds you will get from this loan can help your business somehow meet your cash flow needs.
With the Corporate Tax Loan from DBS, the loan amount can be up to 100% of the business’ profit tax demands. And when it comes to its interest rates, that will obviously depend on your loan amount. You can always get in touch with DBS if you want to learn more about their Corporate Tax Loan offers.
Applying for a Corporate Tax Loan
If you choose to apply for a Corporate Tax Loan from DBS, the process is pretty straightforward. What’s great about DBS SME Banking is that they do not require any loan collateral. And the amount you can borrow may be up to 100% of the profit tax. This is payable depending on the tax demand note that you have provided during your application. The application will be assessed to find out how much you will be eligible for a loan. Generally, the loan amount is capped at HKD 4 million.
DBS Corporate Tax Loan
There are practical reasons why many companies both in Hong Kong and mainland China choose Corporate Tax Loan from DBS. It’s convenient and collateral-free, and they provide flexible payment schedules that will best fit your plans. Paying the loan is also made easy. Borrowers can pay directly to the Hong Kong Inland Revenue Department. It’s a hassle-free process that for sure you would also want to take advantage of.
So what are you waiting for? Do you need assistance with your Corporate Tax Loans? Go ahead and visit DBS SME Banking. There is no doubt that they can find a practical solution for you. Taking care of your corporate tax should not give your more trouble. Let DBS SME Banking help you.