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SME Micro Loan

Companies can access working capital financing to support their day-to-day business operations through SME Micro Loans under the Local Enterprise Finance Scheme (LEFS).


SME Micro Loan at a Glance

Local SMEs with 10 or less employees can apply for micro loans of up to S$100,000.

  • Daily operations
  • Automating and upgrading factory and equipment
Loan Quantum
  • Up to S$100,000
Repayment Period
  • Up to 4 years
Interest Rate
  • Subject to Participating Financial Institutions’ assessments of risks involved

To help SMEs access micro loans, SPRING shares the risk of loan defaults with Participating Financial Institutions in the event of company insolvency. To improve loan accessibility for young companies, SPRING has increased the risk-share for SME Micro Loans to companies that are less than 3 years old.



Companies applying for the SME Micro Loans should meet the following criteria:

  • Company registered and operating in Singapore
  • At least 30% local shareholding
  • Annual sales ≤ S$1m or ≤ 10 employees
  • Group annual sales of ≤ S$100m or 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)

Interested companies may approach any of the following Participating Financial Institutions to apply for SME Micro Loans*.

Participating Financial Institutions Contact
DBS Bank Ltd 1800 222 2200
Ethoz Capital Ltd 6654 7799
Hong Leong Finance Ltd 1800 3388 338
IFS Capital Ltd 6270 7711
Malayan Banking Berhad 1800 777 0022
ORIX Leasing Singapore Ltd 6339 3622
Oversea-Chinese Banking Corporation Ltd 6538 1111
RHB Bank Berhad 1800 323 0100
United Overseas Bank Ltd 1800 2266 121
*Subject to banks' credit approval


Before you apply

  1. Check that your business qualifies for the loan.
  2. Consult any of the Participating Financial Institutions for advice and assistance.
  3. Meet with the financial institution with these supporting documents:
  • Business profile from ACRA
  • Audited accounts or certified financial statements
  • Bank statements
  • Personal income tax assessment of owners and directors
  • Other documents as required by your banker or financial institution




  • Upon successful application, receive funds from the financial institution.
  • Repayments typically start 1 month after disbursement of the loan.
  • Make repayments on time.

Last Updated on : 27 Oct 2017