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.
The TBLP will be extended for 6 months, from 1 April 2021 to 30 September 2021.
The Temporary Bridging Loan Programme (TBLP) provides access to working capital for business needs.
Click here for frequently asked questions on TBLP.