SME Working Capital Loan

A government assisted financing scheme under the Enterprise Financing Scheme. The enhanced scheme announced in the Solidarity Budget helps eligible SMEs access financing till March 2021.

Under the new Enhanced SME Working Capital Loan, access up to $1M working capital to finance cash flow needs. Enterprise Singapore partners with participating financial institutions with up to 90% risk sharing.

Loan Amount Up to S$1,000,000 per Borrower Group*
Loan Tenor Up to 5 years
Loan Repayment Service only interest for first 12 months, thereafter principal and interest for the remaining of loan tenor
Collateral Nil


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 with effect 1 April 2020, and is available until 31 March 2021

Quick Assessment Free Consultation

Bank statements for the last 6 months
Income Tax Notices of Assessment of Directors(s) for the last 2 years
Photocopy of NRIC (front & back) of guarantor(s)


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