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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.

 

Temporary Bridging Loan Programme 
 

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
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. 

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(Last updated on 18 February 2022 16:17:03)