Overview

Note:

The Temporary Bridging Loan Programme (TBLP) has been further extended for 6 months, from 1 April 2022 to 30 September 2022, with the parameters listed below.

The Temporary Bridging Loan Programme (TBLP) provides access to working capital for business needs.

Maximum Loan Quantum	Up till 31 March 2022: S$3 Million / Borrower From 1 April 2022 - 30 September 2022: S$1 Million / Borrower Note: Borrowers are subject to an overall borrower group¹ limit of S$20 million for TBLP. In addition, there is an overall loan exposure limit of S$50 million per borrower group across all facilities.
Maximum Repayment Period	5 years
ESG Risk-Share	Risk share is at 70% The borrower is responsible to repay 100% of the loan amount. When defaults occur, the Participating Financial Institutions (PFIs) are obligated to follow their standard commercial recovery procedure, including the realisation of security, before they can make a claim against Enterprise Singapore for the unrecovered amount in proportion to the risk-share.
Interest Rate	Up till 31 March 2022: Capped at 5% p.a. From 1 April 2022 - 30 September 2022: Capped at 5.5% p.a.

¹ Borrower Group consists of the following:

a.	Borrower; and
b.	Corporate shareholders holding more than 50% at all levels up; and.
c.	Subsidiaries where the Applicant company holds more than 50% shareholdings and subsequent subsidiaries at all levels down
d.	Subsidiaries where the Applicant’s Ultimate Parent Company holds more than 50% shareholdings and their subsidiaries at all levels down

Be a business entity² that is registered and physically present in Singapore
At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership

² ACRA registered Sole Proprietorship, Partnership, Limited Liability Partnerships and Companies are eligible to apply for the Temporary Bridging Loan. Approval of the loan is subject to the PFI’s assessment.

Click here for frequently asked questions on TBLP.