| Business : Start-Up
Business > Micro
Loan |
|
|
Looking for financing
to start your business or accelerate its growth? Maybank
can offer you a Micro Loan in conjunction with the
Standards, Productivity and Innovation Board (SPRING Singapore).
This financing programme is designed to help very small
local enterprises gain better access to financing and its
features are as follows:
| Interest Rate: |
Fixed at 6.25% p.a. on
monthly rests for the duration of the loan |
| Tenure: |
Up to 4 years |
| Loan Limit: |
S$50,000 per company
|
If your company
meets the eligibility criteria, you can apply for a Micro
Loan to:
|
- Establish a viable
new business
- Modernise and
automate plant and machinery
- Expand existing
production capacity
- Develop new product
lines
- Renovate existing
or new business premises
- Augment working
capital needs
|
| Your
budgeting will be easy and predictable as Micro Loans
are based on a fixed interest rate, allowing you to: |
- Improve your
cashflow through working capital term loans
- Upgrade, strengthen
and expand your operations with machinery hire purchase.
|
| You
will be eligible for Micro Loan if your company is
based in Singapore with: |
- At least 30%
local equity
- Fixed assets*
(at net book value) not exceeding S$15 million
- No more than
10 employees
- No more
than 200 workers* on a group level for the service sector
To Apply
Simply complete and fax the SPRING
Application Form and Commercial
Loan Application Form to 6338 5664 and we will be in touch
with you shortly
For more information, call 1800-MAYBANK (1800-629 2265) or (65) 6533 5229 (Overseas) or make
an appointment with our
Retail Finance Executives.
*On a group basis |