Overview

1. Be registered and operating in Singapore


2. Have a minimum of 30% local shareholding


3. Maximum Borrower Group¹ revenue cap of S$500 million for all enterprises


4. For “SME Fixed Assets”, the SME definition refers to Group revenue of up to S$100 million or maximum employment of 200 employees

¹ Borrower Group consists of the borrower as well as corporate shareholders that hold more than 50% of the total shareholding of the applicant company, and any subsequent corporate parents (all levels up) and subsidiaries all levels down. (Annual sales turnover and employment size are computed on a group basis).