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Temporary Bridging Loan

Temporary Bridging Loan

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 with competitive rates

time

Flexible repayment period

Stretch your repayment period of up to 5 years

Features
Loan amount Up to S$3,000,000 per Borrower
Up to S$20,000,000 per Borrower Group*
Loan tenor Up to 5 years
Collateral Nil


*Borrower Group consists of the following:

  1. Borrower; and
  2. Corporate shareholders holding more than 50% at all levels up; and.
  3. Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down
  4. Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% down shareholdings and its subsidiaries at all levels
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 S$3 million per Borrower/ $20 million per Borrower Group w.e.f. 1 April 2021 and is available until 30 September 2021.