Bizcap has raised its Singapore SME lending limit to S$1 million, one year after the alternative lender entered the market.
The move comes amid growing demand from small and medium-sized businesses seeking faster and more flexible funding options outside the traditional banking sector, according to Bizcap’s Singapore leadership team.
Since entering Singapore in early 2025, the lender says it has facilitated more than S$40 million in funding for local SMEs and built a network of more than 300 broker and referral partners.
Over the same period, the company has expanded its local workforce from one employee to seven and introduced four new products to the market, including a line of credit offering and a caveat loan product.
Joseph Lim, Bizcap’s Managing Partner for Asia, said the increase in lending capacity reflects the company’s confidence in the Singapore market and the evolving funding needs of local businesses.
“When we launched, we had a vision to become Singapore’s most open-minded lender and I truly believe we’ve brought that vision to life over the past year,”
Lim said.
“More SMEs and brokers are looking for funding partners that can move quickly and provide solutions tailored to their business needs. Increasing our lending limit to S$1 million allows us to support larger funding requirements while maintaining the speed and responsiveness we are known for.”
Alternative lenders gain traction as SMEs seek fast, flexible funding
The non-bank lender positions itself as an alternative to traditional financial institutions, offering approvals in principle within three hours.
It says this turnaround time has helped drive adoption among businesses looking for quick access to working capital.
Bizcap’s Chief Credit Officer for APAC, Tony Truong, said the higher lending threshold would enable the company to support SMEs looking to expand operations, improve liquidity and manage ongoing market uncertainty.
“At Bizcap, we are focused on making funding more accessible to Singapore SMEs by providing fast and flexible finance solutions that support real business outcomes,”
Truong said.
“By lifting our lending limit to S$1 million, we can now support larger deal sizes and help more businesses access the capital they require through flexible facility structures.”
The announcement was made during a recent partner event in Singapore attended by more than 150 business partners, where the company also unveiled its Bizcap Frequent Funders (BFF) loyalty program.
The initiative is designed to reward referral partners with tiered incentives tied to funding milestones.
Bizcap also used the event to recognise several high-performing brokers who achieved Platinum Partner status in 2025 and announced the promotion of Gareth Tan to General Manager in Singapore.
Bizcap targets S$100 million in SME lending across Singapore
Globally, Bizcap has expanded rapidly in recent years as demand for alternative finance solutions continues to grow among SMEs facing tighter lending conditions from traditional banks.
The company’s Global Co-Founder and Co-CEO, Zalman Blachman, said the Singapore operation had exceeded expectations in its first year.
“To see the Singapore business grow from a standing start to such a strong position in just one year is a testament to the team on the ground and the demand for a more flexible approach to lending,”
Blachman said.
Looking ahead, Bizcap Singapore is targeting more than S$100 million in funding facilitated over the next 12 months as it continues to scale its presence in the local market.
Brokers can become a Bizcap partner online, while businesses can apply for loans through the company’s website.
