Check if you need to gather documents for your application.
We’ll email your guarantors to endorse your application.
Upon submission, you can track your application status on DBS IDEAL online business banking platform.
Once approved, we’ll give you an offer. You can accept the offer on DBS IDEAL online business banking platform.
We’ll notify you when we disburse the funds into your DBS business account.
If you apply using ACRA or MyInfo Business, we can retrieve most of the required information without asking you to submit financial documents. However, some businesses may be required to provide additional information.
Additional documents required could be:
- Latest 2 years financial statements
Usually not required for loans below S$50,000
- Latest 3 months bank statements
Not required if DBS is your main operating bank
Can I apply for SME Working Capital Loan if I've applied for this with other banks?
Yes. And no matter how many loan offers you receive, the total aggregated amount borrowed across different participating financial institutes is capped at S$500,000.