Overview

SME Working Capital
 

Finance daily operational cashflow needs.

Maximum Loan Quantum
 S$300,000 / borrower

Note: Overall loan exposure limit of S$50 million per borrower group across all areas.
Maximum Repayment Period
 5 years
Risk Share
 Enterprise Singapore will co-share up to 50% of loan default risk with the Participating Financial Institution in the event of enterprise insolvency; Risk share can be increased up to 70% for young enterprises1.
Interest Rate
 Subject to Participating Financial Institutions’ assessments of risks involved.


1 Young enterprises refer to firms formed within the past 5 years with at least 1 employee, and more than 50% equity owned by individuals.

Eligibility
 
  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 Working Capital”, 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).