Access Financing

• Financing support to alleviate cashflow needs of enterprises affected by the COVID-19 outbreak.

• 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.

• SMEs will receive greater financing support to bridge their working capital gaps.

• Maximum loan quantum will be raised from SS$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.

• 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

• Increased support for the LIS insurance premium from 50% to 80%.
• Valid from 1 April 2020 to 31 March 2021.

• 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.