Enterprise Financing Scheme – SME Working Capital Loan (WCL)

Overview

Use of Funds	Finance operational cashflow needs.
Maximum Loan Quantum	WCL - $300,000
	(enhanced)WCL – S$1mil / borrower Group (ends on 31 March 2021)
Repayment Period	Max 5 years
Interest Rate	Minimum 3.75%p.a. effective (flat 2.0%p.a.)
Criteria	• All registered Singapore companies. • Overall loan exposure limit of S$50 million per borrower group across all areas. • At least 30% shareholding held by Singaporean/PR.

Enterprise Financing Scheme – Temporary Bridging Loan Programme (TBLP)

Overview

As announced at Supplementary Budget 2020, eligible enterprises may borrow up to $5 million under the TBLP, with the interest rate capped at 5% p.a., from Participating Financial Institutions (PFIs). The Government will provide 80% risk-share on these loans.

Use of Funds	The Temporary Bridging Loan Programme (TBLP) provides access to working capital for business needs.
Maximum Loan Quantum	S$5mil / borrower Group (ends on 31 March 2021)
Repayment Period	Max 5 years
Interest Rate	3%-5%p.a. effective
Criteria	• All registered Singapore companies. • Overall loan exposure limit of S$50 million per borrower group across all areas. • At least 30% shareholding held by Singaporean/PR.