Temporary Bridging Loan
As announced at Solidarity Budget 2020, eligible enterprises may borrow up to $5 million with the interest rate capped at 2.5% p.a., from 16 Participating Financial Institutions (PFIs). The Government will provide 90% risk-share on these loans for new applications initiated from 8 April until 31 March 2021.
|Loan Amount||Up to S$5,000,000 per Borrower Group*|
|Loan Tenor||Up to 5 years|
Service only interest for first 12 months, thereafter principal and interest for the remaining of loan tenor
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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