Loans

 SME  LOANS

SME Micro Loans

  • SME Micro Loans
  • Eligibility
  • Required documents

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^

SME WORKING CAPITAL LOANS

  • SME Working Capital loans
  • ELIGIBILITY
  • Company registered and operating in Singapore
  • At least 30% local shareholding
  • Group annual sales of ≤ S$100m or group employment size ≤ 200^

SME Equipment and Factory Loans

  • SME Equipment and Factory Loans
  • Eligibility

Companies applying for equipment or factory 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^

Loan Insurance Scheme (LIS) & LIS+

  • Loan Insurance Scheme (LIS) & LIS+
  • Eligibility

The LIS helps companies secure trade finance loans from Participating Financial Institutions by insuring the institutions against insolvency risks of the company. Loans are underwritten by commercial insurers and a portion of the insurance premium is supported by the Government. The scheme also comprises the Loan Insurance Scheme Plus (LIS+) whereby the Government underwrites loans that are beyond the capacity of commercial insurers.

LISLIS+
Scope
  • Inventory / stock financing facility
  • Structured pre-delivery Working Capital
  • Factoring / bill or invoice or accounts receivable discounting with recourse
  • Banker’s Guarantee for contractual fulfilment (not available under LIS+)
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Maximum Loan QuantumNo maximum quantumS$5 million per borrower group
Premium RateTo be determined by the insurer based on the risk profile of borrower (The government provides premium support of up to 50%)1.5% p.a. (on the amount insured by the government)

SME Venture Loans

  • SME Venture Loans
  • Eligibility

Local SMEs can apply for venture loans of up to S$5,000,000 for the purpose of business expansion.

Scope
  • Working Capital
  • Asset Financing
  • Project Financing
  • Mergers & Acquisitions
Loan Quantum
  • Up to S$5,000,000
Warrants
  • Warrants will be required

Interest rates, repayment structures, collateral and warrant structures will be determined by the Participating Financial Institutions.