Mobile Drawer
  • Social Media Icon
  • Social Media Icon
  • Social Media Icon

SME Working Capital Loan

To help local enterprises access unsecured working capital financing in a period of slow economic growth, the SME Working Capital Loan was launched on 1 June 2016 and will be available till 31 May 2019.

The SME Working Capital Loan at a Glance

Local SMEs can apply for loans of up to S$300,000 under this scheme.

  • Working Capital (e.g. daily operations)
Loan Quantum
  • Up to S$300,000
Repayment Period
  • Up to 5 years
Interest Rate
  • Subject to Participating Financial Institutions’ assessments of risks involved

To help SMEs access working capital loans, SPRING shares the risk of loan defaults with Participating Financial Institutions (PFIs) in the event of company insolvency.


The SME Working Capital Loan will be made available to companies that meet the following criteria:

  • Company registered and operating in Singapore
  • At least 30% local shareholding
  • 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 Working Capital 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
Standard Chartered Bank 1800 743 3000
The Bank of East Asia Ltd 6602 7848 / 6602 7849
The Hongkong and Shanghai Banking Corporation Ltd 1800 216 9008 / 6216 9008
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