Printer-friendly versionThe Bridging Term loan is a short-term loan of up to S$2 million, to be repaid over a maximum tenure of 2 years.
The loan may be used for working capital purposes.
Overview
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Use of Funds |
Working capital including unsecured credit |
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Maximum Loan Quantum |
S$2 million |
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Eligible Companies |
All locally-owned companies and SMEs |
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Interest Rate |
* Minimum 5.5% interest rate for loan tenure of 2 |
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* Interest rate charged is subject to Participating Financial Institutions' assessments of risks involved. |
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Criteria
You may apply for a Bridging Loan if your company meets these criteria :
- Locally-owned or foreign owned SMEs #
# A foreign SME is defined as a company with less than 30% local shareholding, which also :
- Has maximum S$15m Fixed Asset Investments
- Is incorporated in Singapore ;
- Is tax resident of Singapore ; and
- Has at least one individual shareholder directly holding at least 10% of total number of issue ordinary shares.