Need Your Business Loan Approved?

Obtain your Singapore Temporary Bridging Loan & get up to SGD S$1 Million! (Only till Sep 30th, 2022).

Need Your Business Loan Approved?

Obtain your Singapore Temporary Bridging Loan & get up to SGD S$1 Million! (Only till Sep 30th, 2022).

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However, We Don't Simply Serve Anyone.

Your business success is essential, but only if you are a BUSINESS OWNER who will believe in expertise and will truly entrust the professionals to bring your business to a long-term success, then you are the correct audience that we can help.

Most of the clients come to us when:

  1. Their business need more cashflow to survive but do not have a solution.
  2. The business were awarded a project, but unable to fund the project.
  3. Does not know how to obtain a business loan from the banks. (Facing rejection from banks)
  4. Worry what they do with their loan will affect their credit record and need advice from an expert.
  5. Unsure if it is worth it to obtain a bank loan for their business and wish to seek advice.
  6. Confused on their business strategy when they are fund-raising and wish to consult an expert.

Temporary Bridging Loan

This pandemic has resulted in many companies struggling to obtain cashflow and funding. Therefore, Enterprise Singapore has came out with a Temporary Bridging Loan scheme which reduces the risk of the bank and in return, the bank will charge a lower interest rate to the business owners.

With extra support from the government, the Temporary Bridging Loan can help businesses get through the downturn.

This pandemic has resulted in many companies struggling to obtain cashflow and funding. Therefore, Enterprise Singapore has came out with a Temporary Bridging Loan scheme which reduces the risk of the bank and in return, the bank will charge a lower interest rate to the business owners.

With extra support from the government, the Temporary Bridging Loan can help businesses get through the downturn.

The Temporarary Bridging Loan Programme (TBLP) will be extended for another six months – from April 1 to Sept 30, 2022. They were previously extended in October 2011 last year to March 31, 2022

There are 17 financial institutions (FIs) participating in this programme and the Credit criteria & interest rates are different for all banks. However, it is tough to get approval from the banks nowadays due to the market sentiments and the strict guidelines from the banks.

In Bizsquare, we provide obligation-free consultations on how you can tap on into the different types of government support to fund your firm. We have confidence to help our clients overcome all their difficulties in getting the loan approved. Most importantly, we only charge upon success which means that our interest is in line with you.

 

 

The BENEFIT

No collateral needed

Tenure up to 5 years

Loan quantum up to S$ 1 Million

Interest rate starts from 3%

Start Applying with Our Help?

We are confident to help our clients overcome all their difficulties in getting your loan approved, and we only charge upon success which means that our interest is in line with you.

The CRITERIA

  • At least 30% of shares held by Singaporeans or Permanent Residents.
  • Registered and physically present in Singapore.
  • Subject to the standard credit assessment criteria set by the banks disbursing these loans.

While no collateral is required, banks will require a 100% personal guarantee for the loan. This means that if the business fails to repay the loan, the person who guarantees the loan (usually the founder or a director of the company) is liable to pay the outstanding amount.

What Our Clients Say

Why Should We Consider Temporary Bridging Loan

The Temporary Bridging Loan Programme provides low-cost working capital loans for businesses during this Pandemic Period. While long-term profits are important to build a sustainable business, it’s short-term cash flow that will determine if a company survives.

Temporary Bridging Loan can be used for different business purposes during this period. Expenses could include paying salaries to your workers to retain and support them during this challenging period, or other short-term expenses for the company to continue operating. This includes rental, marketing costs and raw materials that are needed for your products.

One of the good things about TBL is that you can pay-off your outstanding loan anytime with no penalty. This gives business owners the flexibility to use the loan for both short-term and long-term purposes.

More About Temporary Bridging Loan

The Temporary Bridging Loan Programme allows eligible businesses to borrow up to SGD$1 million, with a repayment period of up to 5 years. Under the scheme, interest rates charged by Participating Financial Institutions (“PFIs”) are capped at a maximum interest rate of 5% per annum. Depending on your company’s credit history and financial performance, you may be able to enjoy an interest rate of as low as 3% per annum.

The TBLP is known as a government-assisted loan programme because the government will take on 70% of the risk-share on new loans. In the event of a default, the PFIs can make a claim against Enterprise Singapore for the unrecovered amount in proportion to the risk-share undertaken by the government.

For example, if a business takes a loan of SGD$500,000 and defaults on payments, the PFIs will first follow their usual commercial recovery procedure. Assuming that the PFI is only able to recover SGD$400,000 under its usual commercial recovery procedure, the PFI will then make a claim of SGD$70,000 (equivalent to 70% of SGD$100,000) from Enterprise Singapore.

Submit Your Loan Application Now!

What's Next

Step 1

Submit your Temporary Bridging Loan application above.

Step 2

We'll call you within 24 hours.


Step 3

During the call, we'll find out more about you with a free 30 mins consultation with us.

Step 4

We will analyse your business, financial situation, cash flow gap and expansion plans.

Step 5

Present to you our recommendation on what is the best solutions for your business.

Step 6

Loan approved. Get the funding you require and solve your cash flow needs.

Connect with Our Consultants

Enabling our clients’ business growth and promoting a long-term relationship with them is key. We can assist you with the necessary funding for your business needs to get through this tough time.