Can we apply for a business loan if owner is unavailable?

Q & ACategory: QuestionsCan we apply for a business loan if owner is unavailable?
Rama asked 1 year ago

Hi, is it possible to apply for a company loan without the owner’s presence? As an example, company is registered with my uncle but he is away overseas for a couple years. Are the relevant documents sufficient? Thanks!

daifeigo Staff replied 1 year ago

Dear Rama,

1. If you are applying for housing loan with your company as borrower, every directors must sign a consent for this loan. As all the director will be guarantor.

Hence, your uncle signature and IC document and presence is needed.,

If you have anymore inquiries, feel free to ask us!

Cheers

1 Answers
daifeigo Staff answered 1 year ago

Dear Rama,

1. If you are applying for housing loan with your company as borrower, every directors must sign a consent for this loan. As all the director will be guarantor.

Hence, your uncle signature and IC document and presence is needed.,

If you have anymore inquiries, feel free to ask us!

Cheers

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