Government Assisted Schemes

Micro Loan Programme (MLP)

Overview
Loans of up to $100,000 for local SMEs with 10 or less employees.

Use of Funds For daily operations or for automating and upgrading factory and equipment
Maximum Loan Quantum $100,000
Interest Rate * Minimum 5.5% interest rate for loan tenure of 4 years and below
Criteria Employ 10 or less employees
Risk Sharing Govt 70% : Bank 30%

Bridging Loan Programme (BLP)

Overview
Loan of up to $5 million for local enterprises and foreign SMEs

Use of Funds Working capital including unsecured credit
Maximum Loan Quantum $2 million
Interest Rate * Minimum 5.5% interest rate for loan tenure of 2 years and below
Criteria - Has maximum $15 FAI
- Is incorporated in Singapore
- Is tax resident of Singapore
- Has at least one individual shareholder directly holding
  at least 10% of total number of issue ordinary shares
Risk Sharing Govt 50% : Bank 50%

Loan Insurance Scheme (LIS) and LIS+

Overview
Summary of LIS+ enhancement

Use of Funds Secured working capital
Maximum Loan Quantum Up to $15 million per borrower group
Eligible Companies All companies
Interest Rate and
Insurance Premium
LIS
Interest rate: Bank Prime + Bank’s Spreads
Insurance Premium: 1.5% on credit line approved
Company bourne 45% of insurance premium
Government bourne 55%

LIS+
LIS+ interest rate: Bank’s Prime + Bank’s Spreads
Insurance Premium: 1.5% on credit line approved
66.3% of insurance premium
Criteria For domestic facilities
- at least 30% of your shareholdings is local

For export-oriented facilities
- Singapore-based
- Presence of at least 3 strategic business functions in Singapore.
  Strategic business functions refer to activities such as banking &
  financial; marketing & business planning; procurement/logistics;
  training & personnel management; investment planning/coordination;
  R&D; technical support and manufacturing.

Loan Enterprise Finance Scheme (LEFS)

Overview
Loans of up to $15million for all locally owned companies

Use of Funds For automating and upgrading factory and equipment, and / or purchasing
factory andbusiness premises (only JTC Corporation or Housing &
Development Board Properties). Expanded to include financing of more
types of construction equipment and heavy vehicles
Maximum Loan Quantum $15 million
Eligible Companies All locally owned companies
Interest Rate * Minimum 5% interest rate for loan tenure of 4 years and below
* Minimum 5.5% interest rate for loan tenure of more than 4 years
Criteria You may apply for Local Enterprise Finance Scheme if your company is
locally-owned, with at least 30% local equity