Overview

Temporary Bridging Loan Programme 
 

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

Note: 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.

Extension of TBLP
The TBLP will be extended for 6 months, from 1 April 2021 to 30 September 2021.

Maximum Loan Quantum
 To 31 March 2021: S$5 Million / Borrower Group1 
From 1 April 2021 to 30 September 2021: S$3 Million / Borrower Group1
Maximum Repayment Period
 5 years
Risk-Share
 To 31 March 2021: Risk share is at 90%
From 1 April 2021 to 30 September 2021: 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
 Capped at 5% p.a.

1 Borrower Group consists of the following:
a. Borrower; and
b. 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 is computed on a group basis.)

Eligibility
 
  1. Be a business entity2 that is registered and physically present in Singapore
  2. 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.
FAQ
 

Click here for frequently asked questions on TBLP.