September 25, 2022

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Learn About Corporate Tax Loans Before Applying For One

Learn About Corporate Tax Loans Before Applying For One

Not all entrepreneurs have enough funds to expand or venture out to a bigger challenge. It will come to a point where small and medium-sized enterprises (SMEs) will be needing extra funds. One sure way to get enough money to reach another milestone in your business is through a corporate tax loan. But before getting one, it is important that you know a little bit more about it and the process involved.

Introduction to Corporate Tax Loans

Corporate tax loans are short-term loans specifically for SMEs. This loan will help businesses have access to the immediate cash that they need. When applying for a corporate tax loan, you will have extra funds for whatever plans you have for your business. The DBS Corporate Tax Loan offers as much as 100% of your profit tax and is payable based on the business’ tax demand.

Applying For A Corporate Tax Loan

Applying for a Corporate Tax Loan is not that complicated. If you choose to apply with DBS, all you need is to get in touch with the Business Care department. You can also visit DBS SME Banking Centers to learn more about what they can offer your business.

corporate tax loan

Why Choose DBS Corporate Tax Loans?

DBS Corporate Tax Loans is specifically designed for SMEs. This will help businesses have access to extra funds to keep up with their cash flow while meeting their needs. Here are the reasons why businesses choose DBS Corporate Tax Loan.

  • DBS Corporate Tax Loan is more convenient than others because once you are approved, you can pay directly to the Hong Kong Inland Revenue Department, which will take care of your payables on your behalf.
  • NO Collateral is Required. Another reason to choose DBS Corporate Tax Loan is that it does not require a loan collateral. This means that your assets and resources will be protected once you take out a loan.
  • Flexible Payment. Also, you can pay however you want with DBS Corporate Tax Loan. The provider will let you choose a repayment schedule that is most applicable to your plans.

Borrowing money for your business is something that you will have to face sooner or later. There are plenty of loan providers out there, but you have to make sure that you pick one that offers the best plan for you. If you have transactions in Hong Kong or China, then the DBS Corporate Tax Loan is the most appropriate for you.