Features and Eligibility
| Loan Type | SME Working Capital Loan | Business Term Loan | Overdraft |
|---|---|---|---|
| Purpose | Support daily operational cash flow | Fast access to standby cash to support daily operations | |
| Amount | Up to max. of S$300,000 | Up to max. of S$500,000 | Up to max. of S$500,000 |
| Tenor | Up to 5 years | Up to 5 years | Revolving line of credit |
| Interest rate structure | Fixed | Fixed | Fixed or Floating |
| Government-Assisted Scheme | Yes. Singapore-registered businesses with at least 30% local shareholding. | No. All Singapore-registered businesses can apply. | |
| Other eligibility factors | Group annual sales of ≤S$100m or group employment size ≤ 200 | -- | -- |
| Collateral | No physical collateral needed but guarantor(s) is required. | ||