SME Working Capital Loan in Singapore

Affordable rates and flexible terms
Fast Approval
No registration,
early repayment or hidden fees

Government Aided Financing Scheme For SMEs

The SME Working Capital Loan is a government assisted financing loan under the Enterprise Financing Scheme (EFS-WCL). The enhanced scheme in the Solidarity Budget 2020 helps SMEs access financing till March 2021.

Under the new Enhanced SME Working Capital Loan, access up to $1 million to finance cash flow needs. Enterprise Singapore partners with participating financial institutions with up to 90% risk sharing.

There are 18 financial institutions participating in this scheme. Credit criteria & interest rate vary across the banks. We can provide you with a direct comparison on all banks SME Working Capital Loan rates and eligibility terms.

Secure the funding you require under the SME Working Capital Loan to expand and scale your business.

Get a free loan assessment & compare all banks financing options now, fast and hassle free.


For four decades, Goldbell has shown our determination to provide the best industrial vehicle solution to our clients and have become the market leader in industrial vehicles in Singapore. Once an SME ourselves, we understand the challenges that our local SMEs face in the business landscape.

Goldbell Financial Services offers a range of working capital loans in Singapore. Designed to assist our clients in generating additional liquidity to ease your cash flow, you can now focus on your business growth.

Our working capital loans include factoring, term loans and purchase order financing. Our experienced Relationship Managers are in the best position to advise and customise a business financing solution that meets your business requirements. Enquire with us today!


Once an SME ourselves, we understand the constraints of small businesses having cash flow issues. Having to pay for endless operational costs like salaries and maintenance, while coping with late payments from customers, is not an easy task. At times, these late payments can be delayed up to 90 days. With tight cash flow, businesses struggle to make ends meet rather than focusing on growing their business.

With Goldbell Financial Services’ factoring solutions, you can turn your account receivables into cash, generating additional liquidity for your company. By trading in outstanding invoices or receivables, companies can receive up to 90% of the invoice amount within a day. Save the hassle while we help you to collect payments from your debtors and even protect you from buyers’ default.

With steady cash flow, you can now focus on growing your business while we take care of the rest.


To boost the growth of your business and generate more revenue, the company has to invest in certain avenues from time to time. Whether it’s an equipment upgrade, a new location, an order of inventory, or even marketing campaigns, it requires a large sum of cash.

A term loan is a lump sum of capital that you pay back in instalments at a fixed interest rate. As the name suggests, the repayment period will be for a fixed term, usually one to five years long. This business term loan can help finance something that helps create more profits for your business.


As a startup or a small business, it’s sometimes challenging to keep up with the volume of orders from your customers. Lacking the capital to purchase raw materials or access inventory to fulfil the orders will result in turning customers away, which will decrease your profits.

Purchase order financing provides working capital to growing businesses to pay suppliers for verified purchase orders. With this additional financing, businesses no longer have to decline new orders due to limited cash reserves or cash flow challenges.

Steps (Process Flow)


Loan tenure up to 10 years

Extensive experience in the automotive value chain

Receive up to 90% cash in advance

SME Working Capital Loan Features

Up to $1M financing

Raised from $300K to $1M till 31 March 2021

Up to 5 years repayment

Option to defer principal up to 1 year subject to assessment

Government risk sharing 90%

Raised from 50% risk sharing with banks

Enhanced SME Working Capital Loan Eligibility:

  • Minimum 30% ultimate ownership shareholdings held by Singaporeans or Singapore PR(s)

  • Government risk-sharing 90% with participating financial institutions. SME borrowers are still liable for 100% of  loan outstanding in event of default. Banks will proceed first with their standard commercial recovery process.

  • Local business registered and operating physically in Singapore

  • Group annual sales of ≤ S$100m or group employment size ≤ 200

SME Loan Comparison Made Easy

Sell all SME Working Capital Loan Options in 3 Steps

Get All Loan Options

Enhanced SME Working Capital Loan Interest Rate

The interest rate for the SME Working Capital Loan differs from the various participating banks and financial institutions and is dependent on their risk assessment.

Eligible companies can enquire with the various participating financials institutions on their respective SME Working Capital Loan interest rates.

Participating Financial Institutions

These are some of the participating financial institutions in the Enterprise Singapore SME Working Capital Loan.

How We Can help

SME Financing Institutions

For potential partners or source of funds, we welcome collaborations to bring more funding products to our platform. Kindly contact

Join hundreds of SMEs just like yours who entrusted us to help grow their business




Free Loan Assessment

Enter your business name & email below to see all your best SME business loan options instantly!

    Contact Us

    Thank you for your message. It has been sent.
    There was an error trying to send your message. Please try again later.

    Or Call Us: +65 987654321

    Check out our Help section

    About iBusiness

    iBusiness is a Singapore consultancy firm that assists SMEs to secure business loans from banks and financial institutions. We specialize in SME finance and through our expertise and network, we help clients secure funding with low interest rates efficiently and hassle free.

    FAQs on iBusiness Loans

    A successful entrepreneur understands the need to focus on the big picture to drive business growth. They have good acumen, insights and funding. 

    Lending Bee offers you a quick business loan application here. Should all documents be gathered, your business loan will be approved within 60 minutes. 

    To be eligible for a business loan, you have to be:

    • A Private Limited Company that is registered with ACRA. 
    • Have a director that is a Singaporean / Permanent Resident, or is a foreigner residing in Singapore.
    • Business has been in operation for the past 6 months.

    Fast loan approvals within 60 minutes should all the documents be received. 

    Once your business loan has been approved, you can receive your money on the spot. 

    Here’s what we need from you: 

    • Your company’s BizFile (ACRA) 
    • Company supporting documents (please call our office at 0001-0001 for more info)

    Our business loans are disbursed via cheques.

    Your Content Goes Here
    Your Content Goes Here
    Your Content Goes Here