Working Capital Loan is a loan used by companies to cover day-to-day operational expenses.

To support viable SMEs that may have cash flow concerns or wish to continue growing their business, the Government will introduce a new SME Working Capital Loan scheme, for loans of up to $300,000 per SME. Under this scheme, the Government will co-share 50% of the default risk of these loans with participating financial institutions, to encourage lending to SMEs. This will help SME pay a lower amount of interest.

The SME Working Capital Loan will be available for three years, starting from 2016.

Suitable for companies that are at least 2 years old, enjoy cashflow certainty with a government-assisted working capital loan of up to S$300,000*.

  • Working capital of up to $300,000
  • Tenure up to 5 years
  • Interest rate from 3.5 – 4.5% per annum
  • No Collateral
  • Fast and immediate attention to your company details

Funding Support

 Scope
  • Working capital (e.g. daily operations)
 Loan Quantum
  • Up to S$300,000
 Repayment  Period
  • Up to 5 years
 Interest Rate
  • Subject to Participating Financial Institutions’ assessments of risks involved

To help SMEs access working capital loans, SPRING Singapore shares the risk of loan defaults with Participating Financial Institutions in the event of company insolvency.

Basic requirement for the working capital loan application
  1. Must be Singapore registered SME company and at least 1 years in business
  2. Annual turnover S$150K and more
  3. You have 0 – 200 employees
  4. Minimum 30% shareholding by Singaporean or Singapore PR
  5. No more than 2 return cheques in 6 months
How To Apply Working Capital Loan
  1. Call and meet our consultants for professional advice.
  2. Bring the following supporting documents for the meeting;

– Bank Statement
– Financial statements
– Personal income tax assessment of owners and directors

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