Temporary bridging Loan / SME Working Capital Loan
Temporary Bridging Loan
|
FLAT RATE |
1.30% |
|---|
The Temporary Bridging Loan Programme (TBLP) and Enterprise Financing Scheme – SME Working Capital Loan (EFS-WCL) were introduced under the Solidarity Budget 2020 in response to the COVID-19 outbreak, and are undertaken by Enterprise Singapore (ESG).
Both schemes seek to provide cash flow support for enterprises across the various sectors, with the government taking on 90 per cent risk share on loans till 31 March 2021. These schemes were implemented to help enterprises tide over tough times amidst the COVID-19 pandemic. TBLP has a maximum loan quantum of $5 million, with the interest rate at 1.3% flat rate (2.5%) per annum, and the EFS-WCL has a maximum loan quantum of $1 million.
The maximum loan tenure for both schemes is 5 years. No principal repayment is required for the first 12 months, but both principal and interest repayment are necessary for the remaining loan tenure. Enterprises in need of working capital may apply directly to the Participating Financial Institutions (PFIs) for the loan, subject to certain eligibility criteria.
A Business Term Loan is the most common type of financing that allows you to secure a loan of up to $500,000 at attractive interest rates without having to put up collateral. The maximum loan tenure is 5 years. Enterprises in need of working capital may apply for the loan. The Business Term Loan is only applicable to enterprises that have been in business for a minimum for 3 years and have an annual turnover of at least $500,000. Other eligibility criteria also apply. A facility to leverage on your commercial property, fixed deposits or private residential property as a secured collateral to get extra funds
Business Overdraft is a revolving credit line that grants you immediate access to funds at attractive interest rates. Business Overdraft may be secured or unsecured. A practical financial tool to finance capital gaps in the short-term, Business Overdraft offers low-interest rates and the flexibility in repayment. You only need to pay interest on the amount of overdraft used, and there is no fixed loan tenure. Enterprises in need of financing may apply for the overdraft, subject to certain eligibility criteria. A facility to leverage on your commercial property, fixed deposits or private residential property as a secured collateral to get extra funds
The Temporary Bridging Loan Programme (TBLP) and Enterprise Financing Scheme – SME Working Capital Loan (EFS-WCL) were introduced under the Solidarity Budget 2020 in response to the COVID-19 outbreak, and are undertaken by Enterprise Singapore (ESG).
Both schemes seek to provide cash flow support for enterprises across the various sectors, with the government taking on 90 per cent risk share on loans till 31 March 2021. These schemes were implemented to help enterprises tide over tough times amidst the COVID-19 pandemic. TBLP has a maximum loan quantum of $5 million, with the interest rate at 1.3% flat rate (2.5% EIR) per annum, and the EFS-WCL has a maximum loan quantum of $1 million.
The maximum loan tenure for both schemes is 5 years. No principal repayment is required for the first 12 months, but both principal and interest repayment are necessary for the remaining loan tenure. Enterprises in need of working capital may apply directly to the Participating Financial Institutions (PFIs) for the loan, subject to certain eligibility criteria.
A Business Term Loan is the most common type of financing that allows you to secure a loan of up to $500,000 at attractive interest rates without having to put up collateral. The maximum loan tenure is 5 years. Enterprises in need of working capital may apply for the loan. The Business Term Loan is only applicable to enterprises that have been in business for a minimum for 3 years and have an annual turnover of at least $500,000. Other eligibility criteria also apply.
Business Overdraft is a revolving credit line that grants you immediate access to funds at attractive interest rates. Business Overdraft may be secured or unsecured. A practical financial tool to finance capital gaps in the short-term, Business Overdraft offers low-interest rates and the flexibility in repayment. You only need to pay interest on the amount of overdraft used, and there is no fixed loan tenure. Enterprises in need of financing may apply for the overdraft, subject to certain eligibility criteria. A facility to leverage on your commercial property, fixed deposits or private residential property as a secured collateral to get extra funds
A Loan Broker is a financial expert who serves as a capable middleman between business owners, the bankers and potential investors. Resourceful, experienced and knowledgeable, a Loan Broker can
A Loan Broker is a financial expert who serves as a capable middleman between business owners, the bankers and potential investors. Resourceful, experienced and knowledgeable, a Loan Broker can
To maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons.
To maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons.
To maximise your financial goals, our experts will work with you to ensure that your consultation is specifically tailored to meet your needs and wants. We go to great lengths to present you with the best deals and help you to break down the various mortgage jargons.
