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  • Budget 2020
  • Access Financing
Budget 2020
  • Budget 2020 Overview
  • Improve Business Capabilities and Leadership
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Access Financing

Temporary Bridging Loan Programme (TBLP)
  • Financing support to alleviate cashflow needs of enterprises affected by the COVID-19 outbreak.
SUPPLEMENTARY BUDGET
  • Programme will be expanded from the tourism sector to all sectors from 1 April 2020.
  • Maximum loan quantum will be increased from S$1 million to S$5 million, with interest rate capped at 5% per annum.
  • Risk-share from Government will be increased from 80% to 90%.
  • Valid from 8 April 2020 to 31 March 2021.
  • SMEs may request for deferment of principal repayment for one year, subject to assessment by participating financial institutions.
Updated on 12 October 2020:
  • Programme will be extended by 6 months (from 1 April 2021 to 30 September 2021) with the following level of support during this period:
    • 70% risk-share from Government.
    • Maximum loan quantum of S$3 million.
Read more
Enterprise Financing Scheme – SME Working Capital Loan (EFS WCL)
  • SMEs will receive greater financing support to bridge their working capital gaps.
SUPPLEMENTARY BUDGET
  • Maximum loan quantum will be raised from S$600,000 to S$1 million.
  • Risk-share from Government will be increased to 90% from 80% (previously at 50-70%.
  • Valid from 8 April 2020 to 31 March 2021.
  • SMEs may request for deferment of principal repayment for one year, subject to assessment by participating financial institutions.
Read more
Enterprise Financing Scheme – Trade Loan (EFS TL)
SUPPLEMENTARY BUDGET
  • Maximum loan quantum will be increased from S$5 million to S$10 million.
  • Risk-share from Government will be increased to 90% from 80% (previously at 50-70%).
  • Valid from 8 April 2020 to 31 March 2021.
Updated on 12 October 2020:
  • Programme will be extended by 6 months (from 1 April 2021 to 30 September 2021) with the following level of support during this period:
    • 70% risk-share from Government.
    • Maximum loan quantum of S$10 million.
Read more
Enterprise Financing Scheme – Project Loan
SUPPLEMENTARY BUDGET
  • Scheme will be enhanced to support domestic construction projects undertaken by companies in the construction sector.
  • 50% risk-share from Government.
  • Valid from 1 January 2021 to 31 March 2022.
Read more
Loan Insurance Scheme
SUPPLEMENTARY BUDGET
  • Increased support for the LIS insurance premium from 50% to 80%.
  • Valid from 1 April 2020 to 31 March 2021.
Section 13H and the Fund Management Incentive 
  • Section 13H (S13H) and the Fund Management Incentive for S13H approved funds (FMI) aim to encourage investments into Singapore based companies and startups.
  • Both will be extended by five years to 31 December 2025.
  • New enhancements will further encourage investments into unlisted Singapore-based enterprises (including startups), by streamlining the qualifying investment criteria and expanding the scope of incentivised income streams and legal structures.

Effective from 1 April 2020. More details will be announced in March 2020.

 

Learn more about the Singapore Budget 2020.
Overcoming challenges, emerging stronger - discover government initiatives and schemes that will help transform your business.

 

Supplementary Budget 2020
Learn about the additional measures introduced to help businesses cope with immediate COVID-19 challenges, and press on with enterprise and workforce transformation for long-term growth.
Read More

 

Useful Resources
  • Budget 2020 at a Glance
    Find out how new measures will help your business and team prepare for long-term growth and emerge stronger.

  • Supplementary Budget Summary
    Find out how the enhanced measures aim to save jobs and help enterprises overcome immediate challenges.

 

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(Last updated on 22 August 2021 22:16:44)