The Trade Loan covers enterprises’ domestic and overseas transactions. It also compliments the current Loan Insurance Scheme (LIS) through the Government insuring loans which are beyond the capacity of current LIS insurers, thereby enhancing enterprises’ access to larger quantum of financing.
1 Young enterprise refer to firms formed within the past 5 years with at least 1 employee, and more than 50% equity owned by individuals.
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).