
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
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+
No maximum loan quantum
LIS+
S$5 million per borrower group
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.
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