Temporary Bridging Loan Eligibility:
The TBLP started in March 2020 and is extended till 30 September 2021
Government risk sharing: Borrowers are still liable for 100% of loan outstanding in event of default. Banks will proceed with their standard commercial recovery process before claiming against Enterprise Singapore for any unrecovered amount proportionate to risk share.
Local business entity registered and physically present in Singapore
Minimum 30% shareholdings held directly/indirectly by Singaporean(s) or PR
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