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Temporary Bridging Loan

Collateral-free funding of up to S$5,000,000

Temporary Bridging Loan

Collateral-free funding of up to S$5,000,000

At a Glance
New relief assistance for businesses impacted by the COVID-19 outbreak. You will be able to access working capital to bridge short-term cashflow gaps in your daily operations.

Best rates

High loan amount of up to S$5,000,000 with competitive rates

time

Flexible repayment period

Stretch your repayment period of up to 5 years

Features
Loan amount Up to S$5,000,000 per Borrower Group*
Loan tenor Up to 5 years
Loan Repayment Service only interest for first 12 months, thereafter principal and interest for the remaning of loan tenor
Collateral Nil


*Borrower Group consists of the borrower as well as corporate shareholders that hold more than 50% of the total shareholding of the applicant company, and any subsequent corporate parents (all levels up) and subsidiaries (all levels down).

Eligibility
  • Your business must be registered and operating in Singapore with at least 30% local shareholdings (Singaporeans or Permanent Residents)
  • Eligible companies may borrow up to $5 million under Temporary Bridging Loan w.e.f 1 April 2020, and is available until 31 March 2021