The Temporary Bridging Loan Programme (TBLP) provides access to working capital for business needs. As announced at Supplementary Budget 2020, eligible enterprises may borrow up to $5 million under the TBLP, with the interest rate starting from 2.5% per annum onwards, from Participating Financial Institutions (PFIs). The Government will provide 90% risk-share on these loans.
There are 16 financial institutions(FIs) participating in this programme. Credit criteria & interest rate are different for all banks.
Eligible enterprises under the TBLP may also apply for up to 1 year deferral of principal repayment to help manage their debt, subject to assessment by the PFIs.
The TBLP started in March 2020, and is available until 31 March 2021. Interested enterprises can apply through Bizsquare.
The borrower is responsible to repay 100% of the loan amount. When defaults occur, the PFIs are obligated to follow their standard commercial recovery procedure, including the realisation of security, before they can make a claim against Enterprise Singapore for the unrecovered amount in proportion to the risk-share.
1. Call and meet our consultants for professional advice.
2. Bring the following supporting documents for the meeting;