Business Financing
Micro Loan
Government assisted unsecured loan to aid young SMEs with working capital financing, with loan amount up to S$100,000.00
Eligibility
Companies applying for the SME Micro Loans should meet the following criteria:
- ☛ Company registered and operating in Singapore
- ☛ At least 30% local shareholding
- ☛ Annual sales ≤ S$1m or ≤ 10 employees
- ☛ Group annual sales of ≤ S$100m or group employment size ≤ 200^
Working Capital Loan
Government assisted unsecured loan to aid young SMEs with working capital financing, with loan amount up to S$300,000.00
Eligibility
Companies applying for the SME Micro Loans should meet the following criteria:
- ☛ Company registered and operating in Singapore
- ☛ At least 30% local shareholding
- ☛ Group annual sales of ≤ S$100m or group employment size ≤ 200^
Secured Term Loans
Loans obtained through Financial Institutions (FIs), with loan amount tagged to pledged collateral
Unsecured Term Loans
Loans obtained through Financial Institutions (FIs), with loan amount based on FI’s discretion
Eligibility
- ☛ Minimum 6 Months in Operation
- ☛ Company registered and operating in Singapore
- ☛ At least 30% local shareholding
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Invoice Financing
A form of financing that allows companies to sell their accounts receivable to improve their working capital. It provides the business with immediate funds that can be used to pay for company expenses.
Eligibility
- ☛ Aging Report
- ☛ Company registered and operating in Singapore
- ☛ At least 30% local shareholding
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Factoring
The business sells its receivables in the form of invoice to the factor. An advance of 70-85% of the purchase price of the receivable amount. The factor collects the full amount from the customer in due course and pays the balance amount due to the business after deduction of commission and other charges.
Eligibility
- ☛ Aging Report
- ☛ Company registered and operating in Singapore
- ☛ At least 30% local shareholding
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Overdraft Facilities
An unsecured or secured revolving credit line, on standby, for working capital usage. There is no monthly fixed repayment and Interest is charged on the amount utilized.
Eligibility
- ☛ Healthy Financial and Bank Statements
- ☛ Company registered and operating in Singapore for at least 6 months
- ☛ At least 30% local shareholding
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- +65 6511 2955