WCL

SME Working Capital Loan

Improve your cash flow to support or
expand your business

SME Working Capital Loan

Improve your cash flow to support or
expand your business

Why SMEs choose this Loan
cash in hand

Borrow up to SGD 500,000

Fulfil your cash flow needs with this government-assisted scheme.

Loan amount is approved based on the bank's assessment.

calendar

Take up to 5 years to repay

Enjoy the flexible option of repaying over 1 to 5 years

Calculate your affordability
How it works
1
Submit your application online

Check if you need to gather these documents for your application.

2
Inform guarantors about your application

We’ll email your guarantors to endorse your application.

3
Track your application status

Upon submission, you can track your application status on DBS IDEAL online business banking platform.

4
Review the offer

Once approved, we’ll give you an offer. You can accept the offer on DBS IDEAL online business banking platform. 

5
Look out for our notification

We’ll notify you when we disburse the funds into your DBS business account.

Documents to prepare

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 SGD 50,000
  • Latest 3 months bank statements
    Not required if DBS is your main operating bank
Frequently asked questions
Is my business eligible for this loan

To get this loan, 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 level down)
What's the process of accepting the offer digitally on DBS IDEAL?

While we're processing your application, you can track your application status on DBS IDEAL online business banking platform. Once approved, we'll give you an offer. In cases where an offer cannot be accepted digitally, a relationship manager will assist with the acceptance.
Are there any fees for repaying my loan earlier?

Currently, there is no pre-payment fees for SME Working Capital Loan. However, the bank would need your redemption notice at least 1 month in advance. For more information, speak with your relationship manager.
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 SGD 500,000.