sme-working-capital-loan

Enhanced SME Working Capital Loan

Collateral-free funding of up to S$1,000,000

Enhanced SME Working Capital Loan

Collateral-free funding of up to S$1,000,000

At a Glance
Expand your operations or fund an upcoming business with the Enhanced SME Working Capital Loan.

Best rates

High loan amount of up to S$1,000,000 with competitive rates

time

Flexible repayment period

Stretch your repayment period of up to 5 years

Convenient to apply

Save time by retrieving your details via my info anytime, anywhere

Features
Loan amount Up to S$1,000,000
Loan tenor Up to 5 years
Loan Repayment Service only interest for first 12 months, thereafter principal and interest for the remaining of loan tenor
Collateral Nil
Eligibility

Your business must:

  • be registered and operating in Singapore with at least 30% local shareholdings (Singaporeans or Permanent Residents) and
  • have an annual group sales below S$100 million or
  • have a group employment size of fewer than 200^

^ Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)

Eligible companies may borrow up to $1 million under Enhanced SME Working Capital Loan w.e.f. 1 April 2020, and is available until 31 March 2021.

FAQs
How much can I borrow?

You may borrow up to S$1,000,000 for up to 5 years.

How will I know if my application has been approved?

When you apply online, you can track the status of application in real time.