The Temporary Bridging Loan Programme (TBLP) was introduced in response to covid-19 outbreak. It provides access to working capital for business needs, helping enterprises manage their immediate cash flow needs while some businesses which took advantage on the low interest rates for expansion.
The Government will provide 90% risk-share on a up to $5m loan from 8 April until 31 March 2021.
 
As announced on 12 Oct 2020, TBLP will be extended from 1 Apr 2021 to 30 Sep 2021. Under this extension, the Government’s risk-share on the loan will be lowered to 70% (90% currently) with the maximum loan quantum lowered to S$3 million (S$5 million currently). This is to calibrate the support for businesses as the economy gradually recovers.
 
Find out more https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/temporary-bridging-loan-programme/overview
 
Need Quick assessment? Loan approval before 30 march? Contact us now. 83383133 or contact@frcapital.sg.
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Published On: January 11th, 2021 / Categories: Business Loans /

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