The Temporary Bridging Loan Programme (TBLP) provides access to working capital for business needs.
As announced at Solidarity 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 90% risk-share on these loans for new applications initiated from 8 April until 31 March 2021.
Eligible enterprises under the TBLP may also apply for a deferral of principal repayment to help them reduce their monthly cash outflow, subject to assessment by the PFIs.
The TBLP started in March 2020, and is available until 31 March 2021. Interested enterprises can apply directly to the PFIs.
Click here for frequently asked questions on TBLP.