Microloan Singapore is no longer available since 2019, however we still have other products that you can take a look at.



The SME Microloan is a small Business loan that is government assisted financing scheme designed to help Singapore SMEs access financing. Through the SME Microloan, companies can get access to working capital financing to support their day-to-day business operations.

Enterprise Singapore is an agency under the Ministry of Trade and Industry responsible for helping Singapore enterprises grow and building trust in Singapore products and services. Enterprise Singapore helps the Local Singapore SMEs to grow faster through financing schemes such as the Local Enterprise Financial Scheme (LEFS) which help pave the way to business success.

The LEFS Microloan Scheme is designed to help the smaller SMEs secure financing which can be used for purchasing of equipment, machinery, inventory, increase of manpower or meeting working capital requirements.

How Much Can You Borrow From The SME Microloan?

This Singapore Microloan Scheme is a low cost financing programme offered under the Local Enterprise Financial Scheme (LEFS). It is collateral free. The maximum loan exposure under this programme is S$100,000 per company.

The maximum tenure for this Microloan Scheme is four years and the effective interest rate is at 5.5%p.a.

To help SMEs access microloans, Enterprise Singapore shares the risk of loan defaults with Participating Financial Institutions in the event of company insolvency. To improve loan accessibility for young companies, Enterprise Singapore has increased the risk-share for SME Microloan to companies that are less than 3 years old.

Click HERE to submit your loan enquiry now ! 

SME Microloan Eligibility:

  • Company registered and operational in Singapore
  • Annual sales turnover  ≤ S$1m OR ≤ 10 employees
  • Minimum 30% shareholdings local or PR

Basic requirement for the Microloan 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 – 10 employees
  4. Minimum 30% shareholding by Singaporean or Singapore PR
  5. No more than 2 return cheques in 6 months

How To Apply For Microloan:

  1. Call and meet our consultants for professional advice.
  2. Bring the following supporting documents for the meeting;

Frequently Asked Questions (FAQ)

The maximum loan quantum is up to S$100,000

Interest rate is determined by the respective participating financial institutions in the SME Micro Loan program. It could range between 6.75% to 8.5% p.a. effective rate, dependent on their risk and credit assessment. 

Business registered and operating in Singapore, with at least 30% local shareholdings. Annual revenue not more than S$1 million or have up to 10 employees.

It is an unsecured working capital loan to help you manage your business’s daily operations and cash flow. This program is administered by Enterprise Singapore, a government statutory board. Application of loan is via the various participating financial institutions. 

The maximum repayment tenure for the Micro Loan is up to 4 years. Some of the participating financial institutions might allow early redemption of loan with no penalty, subject to the respective lender’s terms and conditions.