Temporary Bridging Loan Programme for SMEs | OCBC Business Banking SG

TEMPORARY BRIDGING LOAN

Bridging your cash flow gaps to ride the recovery wave

Temporary Bridging Loan Programme
Why you will love this

Low interest rates

Flexible repayment period of up to 5 years

Borrow up to $1,000,000, till 30 September 2022

Who can apply

At least 30% of shares held by Singaporeans or PRs

Registered and physically present in Singapore for at least 6 months

Extended till September 2022. Elevate your business with the Temporary Bridging Loan and bounce back stronger.

Benefits
Apply online with Singpass

Easy application with Singpass

Apply for your loan entirely online with minimal documents required.

Apply for your loan entirely online with minimal documents required.

Instant approval status on your OCBC Temporary Bridging Loan application

Instant approval status*

No more waiting, be automatically notified of your approval status.

No more waiting, be automatically notified of your approval status.

Exclusive online interest rates

Exclusive online rates

Enjoy low interest rates when you apply online.

Enjoy low interest rates when you apply online.

Online Exclusive Promotion

Enjoy 50% off your facility fee when you apply online

  1. Complete your Temporary Bridging Loan application online by 31 August 2022.
  2. Enjoy 50% discount on your facility fee (up to $500)^.


By submitting an application during this period, you agree with the ^terms and conditions of the promotion.

Why get a business loan?
Testimonials

“The processing and the disbursement was way faster than expected.“

– Shipping company

“Fast response. I received a call and an SMS from OCBC to inform me when the loan would be processed.“

– Building and construction company

Before you apply

Eligibility requirements

Location of business incorporation and registration

Be a business entity that is registered and physically present in Singapore.

Business ownership

At least 30% business equity must be held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership.


Terms and conditions

Terms and conditions apply. OCBC bank requires guarantor(s) to support the loan.

*Instant in-principle loan approval status is only applicable for Singapore incorporated companies and will be subject to formal approval checks by OCBC Bank.


Ready to apply?

Get your Temporary Bridging Loan today with us

FAQS
Common questions
What is the objective of the Temporary Bridging Loan Programme?

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 70% risk share by the Government.

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$1 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$1 million, with interest rate capped at 5.5% per annum.

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