The Temporary Bridging Loan Programme was introduced to help the SMEs access working capital. As announced in Budget 2020, this scheme is eligible to all sectors, with 90% risk share by the Government.
TEMPORARY BRIDGING LOAN
Accelerate your business recovery with extra financing support
New times, new opportunities. Elevate your business with the Temporary Bridging Loan and bounce back stronger.
Features and benefits
No collateral required*
Funding up to $5,000,000
No early repayment fee
Before you apply
Eligibility requirements
Be a business entity that is registered and physically present in Singapore, and At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership, and
Terms and conditions
*Terms and conditions apply. OCBC bank requires guarantor(s) to support the loan.
Ready to apply?
Get your Temporary Bridging Loan today with us
or call us at 1800-BIZLOAN (1800-2495626).
FAQS
Common questions
What is the objective of the Temporary Bridging Loan Programme?
Can my business apply for the Temporary Bridging Loan multiple times with different Financial Institutions?
Yes, SMEs can approach different financial institutions to apply. However, the total aggregate amount borrowed under the scheme from different financial institutions is capped at the maximum amount of S$5 million.
What is the difference between the Temporary Bridging Loan and the Enhanced Enterprise Financing Scheme - SME Working Capital Loan?
Temporary Bridging Loan was introduced in response to the COVID-19 outbreak, to help SMEs manage their immediate cash flow needs. Eligible SMEs can borrow up to S$5 million, with interest rate capped at 5% per annum. SMEs that require help beyond the Temporary Bridging Loan can also tap on the Enhanced Working Capital Loan, which has been further enhanced to support loans of up to S$1 million.
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