Maximum Loan Quantum
Up to S$500,000 per borrower, subject to borrower group and overall exposure limits.
Enterprise Financing Scheme
SME Working Capital Loan
The Enterprise Financing Scheme - SME Working Capital Loan helps Singapore SMEs access financing for operational cashflow needs, including day-to-day business expenses and short-term working capital requirements.
Operational cashflow
Working capital for Singapore SMEs
SME Working Capital Loan facilities support businesses that need additional cashflow for operating needs. Approval remains subject to each participating financial institution's credit assessment, company profile, and repayment ability.
Scheme details
Key Loan Details
Maximum Repayment Period
Up to 5 years, depending on the participating financial institution's assessment.
Interest Rates
Common market pricing may range between 7% to 10% flat per annum, depending on the bank and company profile. Final pricing is subject to the financial institution's assessment.
| Item | EnterpriseSG scheme guidance |
|---|---|
| Risk-share | EnterpriseSG risk-share is 50%; young enterprises may receive 70%. |
| Borrower responsibility | The borrower remains responsible to repay 100% of the loan amount. |
| Interest rate | Subject to participating financial institutions' assessment of risks involved. |
Use of funds
What the loan can be used for
The loan can be used to cover various operating expenses and working capital needs.
Inventory and stock
Support purchases of goods, materials, and stock needed for operations or sales cycles.
Wages and rent
Help manage payroll, rental commitments, and other recurring business overheads.
Eligibility
Who may qualify
- Business entity registered and operating in Singapore.
- ACRA-registered sole proprietorships, partnerships, LLPs, and companies may be eligible.
- At least 30% local equity held directly or indirectly by Singaporeans and/or Singapore PRs.
- Group annual sales turnover not exceeding S$500 million.
- For SME Working Capital, SME means group revenue up to S$100 million or up to 200 employees.
Ready to assess your options?
Speak with MortgageLogic Advisory
We can help review your business profile, cashflow needs, loan amount, and likely documents before approaching suitable participating financial institutions.
Contact usNo-obligation assessment
Documents Required
Please prepare the following documents so we can evaluate your eligibility.
- Latest 6 months' corporate bank statements
- Latest 2 years' financial statements or management accounts
- Latest ACRA business profile
- Copy of NRIC for directors and guarantors
- Latest 2 years' Notice of Assessment (NOA) for directors and guarantors
- Existing facility letters or repayment schedules, if any
