Business Loan

• registered and operating in Singapore
• at least 30% local shareholding
• An unsecured or secured loan to companies for working capital usage.
• No collateral for unsecured loan.
• Min 3 years (young company at least 6 months can be put up for assesment)
• Annual Sales Turnover S$300,000
• Repayment up to 48 months

Launched by SPRING SIngapore to assist SMEs easier access to small business loan.

• registered and operating in Singapore
• company has 10 or less employees OR has annual sales not exceeding S$1 million
• at least 30% local shareholding
• Loan up to $100,000
• Repayment up to 48 months
• Low annual interest rate at 3%

Launched by SPRING Singapore to help companies gain access to unsecured business loans.

• registered and operating in Singapore
• at least 30% local shareholding
• company’s Group Annual Sales of not more than S$100 million OR company’s Group Employment Size of not more than 200
• Loan up to $300,000
• Repayment up to 48 months
• Low annual interest rate at 3%

Business overdraft is a line of credit that becomes available when you make any withdrawal for an amount greater than the balance in your business debit account. It gives you the flexibility in cash flow by making withdrawals even if the account is empty. Like a credit card, whenever you make a purchase, that amount is taken from your total credit limit, and whenever you make a payment, your credit limit goes back up. Interest charged only on the overdraft based on the credit you used.