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What are the loan schemes
available for SMEs?

As announced in the Solidarity Budget on 6 Apr 2020, the Government will enhance the TBLP further with 90% risk share. The enhancement will apply to new applications initiated from 8 April 2020 until 31 March 2021. For applications that are pending approval from PFIs, enterprises are advised to speak to their PFIs on their eligibility.


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% with the maximum loan quantum lowered to S$3 million. This is to calibrate the support for businesses as the economy gradually recovers.


As announced on 5 Jul 2021, TBLP will be further extended for 6 months, from 1 Oct 2021 to 31 Mar 2022, under the same parameters.

  1. Enhanced Working Capital Loan

    • Finance daily operating cash flow needs

    • Maximum of $300,000 per Company

    • Maximum loan repayment period of 5 years

  2. Temporary Bridging Loan​​

    • Designed to help SMEs tide through Covid19 disruptions​

    • Maximum of $3,000,000 per Company

    • Maximum loan repayment period of 5 years

    • Flexible loan repayment terms with principal sum deferment and flexible redemption terms

You can find out more about other types of loans offered under EFS scheme here.


Banks and financial institutions have different documentation requirements, interest rates, eligibility and risk assessment criteria. 


Basic Requirements
  • Singapore registered company and operating locally

  • Minimum 30% shareholding by Singaporean or Singapore PR

  • Group revenue of up to S$50 million 

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

Find out the most suitable financing scheme for you. Fill in this short application now for a non-obligatory consultation.

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Frequently Asked Questions

Q: I am a sole-proprietor, am I eligible for these loan schemes?​

A: Yes, registered sole proprietors with company bank accounts will be eligible to apply for either of the loan schemes. Other financial and credit requirements still apply.

Q: Is it easier for companies to get loans through these schemes?

A: Yes and no. While basic credit criterias still apply, lenders are more open to issuing loans to young companies and industries that were affected by the lockdown.

Q: My company has been dormant and only started operating recently, is it eligible for these loan schemes?

A: Yes, if you have recent business activities (6months) and sound financials.

Q: I have pending litigations and bad credit record. Am I eligible?

A: Unfortunately, if you have a bad credit record, you will not be eligible for the loan. As for pending litigation, it is case by case basis.

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