DBS Business Capabilities Loan allows SMEs to finance their project expenses prior to grant reimbursement.
Business owners recognise the need to build new capabilities to sustain their operations in our increasingly competitive climate. Through capability grants by the Singapore Government, you can defray costs associated with skills upgrading, innovation and productivity related projects, product development, or overseas expansion.
The Business Capabilities Loan (BCL) is designed specifically for SMEs who have successfully applied for government grants to cover expenses incurred prior to grant reimbursement from the respective schemes. As the first bank to offer BCL as a bridge financing solution for capability development, you can now easily embark on such projects that will change business models, improve productivity and expand capabilities for growth.
To apply for BCL, simply indicate "BizCap" under the promo code field on our online application form.
|Loan Amount||Up to S$500,000|
|Loan Tenor||Up to 4 years|
|Interest Rate||7.75% p.a.|
|Processing Fee||S$1,000 or 1% of approved amount, whichever is higher|
Why Choose DBS Capabilities Loan?
Need help with your grant application?
To further assist you, DBS can help you with your grant application* for SPRING Singapore’s Capability Development Grant by:
|Productivity Improvements||Technology & Innovation|
Projects that improve processes, optimise resource allocation and develop employees for productivity gains
|Projects that leverage on technology to develop new products, processes or business models that improves market competitiveness for products and services|
*Approval of the Capability Development Grant will be at the sole discretion of SPRING Singapore.
Please submit your interest here.
How do I find out more?
For more information on Business Capabilities Loan, please click here to submit your interest.
SMEs who have successfully applied for a government grant can now apply for Business Capabilities Loan to finance their project expenses.
Yes, you are. The maximum loan limit for Micro Loan is S$100,000 and Business Term Loan is S$500,000.
Please refer to the list of government grants that are applicable for the Business Capabilities Loan https://www.smeportal.sg/content/smeportal/en/moneymatters/grants.html.
Yes, you can approach any of our DBS Relationship Manager to indicate your interest on Business Capabilities Loan. However, we require that you furnish a copy of the ‘letter of offer’ for the government grant to complete the application.
Yes, Business Capabilities Loan is applicable to SMEs who have successfully applied.
How do I apply?
SMEs can apply for the Business Capabilities Loan in 3 steps:
For more information, please leave us your details here so that we can assist you.
To find out more about DBS Venture Debt Financing, please follow the topic on DBS BusinessClass App.