The requirements for AspireFunds consist of two components:

1. The company should:

  • Be a business registered with ACRA in Singapore (PTE LTD and LLP only)
  • Have an active Corporate Bank Account
  • Have minimum operational history of 6 months and SGD 50,000 of yearly sales

2. The company director applying for the loan on behalf of the company should:

  • Be a local director (Singapore citizen or PR)
  • Hold minimum 30% shares in the company

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