How it works
Four steps, several banks, one application, and no fee until the money lands.
What actually happens to your case.
What the numbers will support, what a credit officer will flag, and whether a facility is genuinely the right move right now.
Which facilities, in what combination, and in what order. The Working Capital Loan is paired with a Business Term Loan where that unlocks more without exhausting the WCL quota.
The things that turn into rejections get addressed before submission rather than explained afterwards.
Submitted in parallel, not one at a time, so the banks are competing for the facility instead of each deciding it alone.
The fee becomes payable here and only here, on full disbursement.
until your facility is approved and the funds are fully disbursed.
- 01Nothing payable on application.
- 02Nothing payable on an approval in principle that never funds.
- 03Agreed in writing before you commit to anything.
Whether the scheme covers you.
The published criteria are straightforward. Most Singapore SMEs meet them without realising it.
An ACRA-registered business entity actively trading here.
Held directly or indirectly by Singaporeans or Singapore PRs.
Group annual sales turnover not exceeding S$500m.
Group revenue up to S$100m, or a maximum employment size of 200.
Source: Enterprise Singapore, Enterprise Financing Scheme.