SME Working Capital Loan Singapore is a company business loan to cover daily operating costs in Singapore.
To support visible SMEs with cash flow concerns or who wish to continue growing their company, the Government has started a new SME Working Capital Loan scheme for up to S$1 million per SME. Under this system, To stimulate lending to be small and medium-sized enterprises, the Government will co-share 90% of its default risk with participating financial institutions. This will help small and medium-sized businesses pay lower interest rates.
The SME Working Capital Loan will be available for three (3) years, started in 2016 and was developed in 2020 to the loan to $1 million. Recently, Government has just declared to renew their Working Capital Loan scheme.
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Suitable for at least two (2) years old, enjoy cash flow certainty with a government-assisted working capital loan of up to S$1million*.