In the recent article in the Business Times, entrepreneurs in South-east Asia where governments have fallen short in supporting companies hit by COVID-19 seek speedier and more direct loans with borrowers looking for speedier access to cash. Businesses in Singapore are fortunate to have support from the government, banks and finance companies to help ease the financial strain. Temporary Bridging Loan Programme One of the most viable government-backed business financing options to lower short-term repayment obligations is the Temporary Bridging Loan Programme (TBLP) announced at Solidarity Budget 2020. This programme offers all Singapore-registered companies that are at least 30% owned by Singaporeans / Permanent Residents, an unsecured business loan of up to: $5 million from 8 April 2020 to 31 March 2021 $3 million from 1 April 2021 to 30 September 2021 Here’s an overview of the TBLP: Period 8 April 2020 to 31 March 2021 1 April 2021 to
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