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Government Assisted Scheme

Micro Loan Programme

Loans of up to $100,000 for local SMEs with 10 or less employees.

Local Enterprise Finance Scheme

Loans of up to $15 million for all locally owned SMEs

Use of Funds

For daily operations or for automating and upgrading factory and equipment

$100,000

Minimum 5.50% interest rate for loan tenure of 4 years and below.

Use of Funds

For automating and upgrading factory and equipment, and/or purchasing factory and business premises (only JTC Corporation or Housing & Development Board properties). Expanded to include financing of more types of construction equipment and heavy vehicles.

$15 million

Minimum 4.25% interest rate for loan tenure of 4 years and below.

Minimum 4.75% interest rate for loan tenure of more than 4 years.

Criteria

You may apply for the Micro Loan Programme if your company meets the following criteria :

Registered and operating in Singapore
At least 30% local shareholding
Company's Group Annual Sales of not more than S$100 million OR company's Group Employment Size of not more than 200.

Criteria

You may apply for the Local Enterprise Finance Scheme if your company meets the following criteria :

Registered and operating in Singapore
At least 30% local shareholding
Company's Group Annual Sales of not more than S$100 million OR company's Group Employment Size of not more than 200.

Loan Insurance Scheme (LIS) and LIS+

Use of Funds

Secured working capital (e.g. against receivables)

LIS
No maximum loan quantum

LIS+
S$5 million per borrower group

LIS
To be determined by the insurer based on the risk profile of borrower (Singapore Government provides premium support of 50%).

LIS+
1.5% p.a. (on amount insured by government)

The interest rate charged throughout the tenure of loans will be either fixed or floating, depending on the option which best suits your business needs.

Domestic Trade Facilities Yes Overseas Trade Facilities Yes

Domestic Trade Facilities Yes Overseas Trade Facilities Yes

Domestic Trade Facilities Yes Overseas Trade Facilities Yes

Domestic Trade Facilities No Overseas Trade Facilities Yes

Domestic Trade Facilities Yes Overseas Trade Facilities Yes

Criteria

You may apply for the LIS Scheme if your company meets these criteria :
Facilities for Domestic trade
Registered and operating in Singapore
At least 30% local shareholding;
Company's group annual sales of not more than $100 million or company's group employment size not more than 200 workers