Micro Loan

Looking for working capital? Maybank can offer you a Micro Loan in conjunction with SPRING Singapore. This financing programme is designed to help very small local enterprises gain better access to financing.

Benefits

  • Loan quantum of up to S$100,000 for your business needs
  • Loan may be used for a variety of activities including to
    • Establish a viable business
    • Modernise and automate plant and machinery
    • Expand existing production capacity
    • Develop new product lines
    • Renovate existing or new business premises
    • Enhance working capital
TenureUp to 4 years
Loan quantumUp to S$100,000

Who can apply

  • Companies registered and incorporated in Singapore
  • Minimum 30% local equity
  • Annual Turnover of not exceeding $1 million; OR not more than 10 employees
  • Company group annual sales of not more than S$100 million OR company’s group employment size of not more than 200*


*Annual sales turnover and employment size will be computed on a group basis.

(i.e. All levels up for corporate shareholders holding >50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)

Required documents

  • Last 2 years' audited accounts or certified financial statements (if applicable)
  • Last 6 months' bank statements
  • Copy of NRIC (front and back) of owners/directors/partners/sole proprietor/guarantor(s)
  • Latest personal Income Tax Notice of Assessment of owners/directors/partners/sole proprietor/guarantor(s)

Please refer to the Application Form for the complete list of required documents.

To apply, simply complete the Application Form (Micro Loan) (PDF) and Commercial Loan Application Form (PDF), and send them in with the required documents.

For more information, call 1800-MAYBANK (1800-629 2265) or make an appointment online with our Relationship Managers today.



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