28 Jun HAVE YOU HEARD OF THE SME WORKING CAPITAL FROM SPRING SINGAPORE?
During Budget speech 2016, the Government has introduced the SME Working Capital Loan with the purpose to make the scheme accessible to viable SMEs that may have cash flow concerns or plans to expand the business.
Useful Information to know before you apply for the loan:
Company registered and operating in Singapore
- At least 30% local shareholding
- Company’s Group Annual Sales of ≤ S$100m or company’s Group employment size ≤ 200^
^Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down).
|Loan Amount||Up to $300,000|
|Loan Tenure||Up to 5 years|
|Up to 5 years||Subject to assessments of risks involved|
This scheme is available for 3 years from 2016 to 2019.
Call us now to find out more on the SME Loan Assistance!
Note: This information can also be found in Spring Singapore website.