Frequent Ask Questions

• The SME Working Capital Loan, offered under ESG’s Enterprise Financing Scheme, provides an unsecured loan of up to SGD 500,000. The default risk share is at 50%, while younger companies (incorporated within the last 5 years) enjoy a higher risk share of 70%.

• Most Bank’s unsecured working capital loan offer financing to SMEs of up to S$500,000.

• As for non-banks, unsecured business term loans are usually capped at S$50,000 although there are outliers that can go up to S$1,000.000.

This is the aNon-bank lenders can take a much shorter time as fast as 1-2 days but typically a loan application takes at least 1-2 weeks. As for banks, these can take up to 1 month as the time for assessment is longer.

In order to be eligible for a business loan, you must be

• A Private Limited Company registered with ACRA

• One of your directors must be a Singaporean / Permanent Resident or foreigner residing in Singapore.

• Your business should also have an annual revenue of at least $100,000.

• Preferably, your business has also been in operation for at least 6 months

• Latest 6 months of Bank statements

• Company Financial Statement for the past year

• Latest Credit Bureau Singapore (CBS) Credit Report of Applicant(s)

• Peronsal NOA for the last 2 years

• ACRA record

Depending on your company’s SME profile and credit analysis, interest rate can vary from 1% to 7% per month. 

We have a flexible repayment structure. Repayment can be made in weekly, bi-weekly, and monthly instalments over 2 to 12-month terms. 

Possibly, yes. Weak bank balances or credit issues can affect approval, but they do not always mean financing is impossible. Every case is different. We look at your overall business profile, cash flow, repayment ability, and available options to assess whether there is a suitable path forward. Our role is to help you understand your options clearly and avoid unnecessary blind applications.