SME Working Capital Loan

Designed to assist Singapore-based companies who needs working capital for their day to day operations without any collateral. This unsecured loan allows the SMEs to access more funds for their business.

Benefits

• Loan Quantum of up to S$300,000
• Repayment Period of up to 5 years Loan

Eligibility

1. Be a business entity that is registered and physically present in Singapore, and
2. At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership, and
3. Maximum Borrower Group revenue cap of S$500 million for all enterprises.
4. For "SME Working Capital" and "SME Fixed Assets", the SME definition refers to Group revenue of up to S$100 million or maximum employment of 200

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 EFS Application Form (PDF) and SME Banking Consent Form (PDF), and send them in with the required documents.

For more information, call our Business Banking hotline 1800-777 0022, , or request a call back with our Business Development Managers today.