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SME Micro Loan
SME Working Capital Loan
What is a SME Working Capital Loan?

The SME Working Capital Loan is designed for Small and Medium Enterprises (SMEs) in Singapore offered by banks in conjunction with Enterprise Singapore to help finance purchasing of equipment, machinery, inventory, increase of manpower or meeting working capital requirements.

This low cost financing programme offered under the Local Enterprise Financial Scheme (LEFS) is collateral free and the loan amount can be as low as S$20,000. The maximum loan exposure under this programme is S$300,000 per company.

​To make the business loan more accessible to young companies age three years or less, Enterprise Singapore shares the risk of the business loan defaults with Participating Financial Institutions in the event of company insolvency.


This is one of the most favored form of business financing by startups and young companies due to flexibility and speed.


The maximum tenure for this Micro Loan Scheme is up to 5 years and the effective interest rate is at 5%.

Basic Requirements
  • Company registered at least a minimum of 6 months and operating in Singapore

  • Minimum 30% shareholding by Singaporean or Singapore PR

Loan Details

  • Loan Amount: Up to $300,000

  • Repayment Period: 1 – 5 years

  • Interest Rate: From 4.5% Effective Interest Rate (EIR) per annum

Our finance consultants have processed hundreds of applications for business term loans, we can help you reduce processing time, compare to get the lowest rates and maximize your financing amount. 

Would you like to get yourself assessed for eligibility?
Fill in a form and find out more about your options. 
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