SME Working Capital Loan

  • Funding to meet your working capital needs
  • Finance up to S$300,0002,8
  • A fixed monthly repayment period of up to 5 years

SME Micro Loan

  • Funding to meet your working capital needs
  • Finance up to S$100,0001,2
  • A fixed monthly repayment period of up to 4 years

SME Equipment Loan

  • Fund the purchase of new equipment or finance existing equipment
  • Financing of up to 90% of the market valuation or purchase price of your new equipment
  • Minimum interest of 4.25% for loan tenure of 4 years and below3
  • Minimum interest of 4.75% for loan tenure of more than 4 years3
  • Tenure matching your requirements of up to 8 years

Loan Insurance Scheme (LIS)

  • Short-term trade loans with an added benefit of a reduced trade risks
  • Risk is co-shared with 75% risk borne by insurers4
  • 50% of the premium will be supported by SPRING Singapore and IE Singapore
  • Available for both domestic and overseas trade facilities
  • Choose from Inventory/Stock Financing or Bill/Invoice/Account Receivable discounting with recourse

Loan Insurance Scheme (LIS+)

  • Insurance premium of 1.5% p.a. will be charged for the amount insured by SPRING Singapore and IE Singapore

 

Eligibility

  • Registered and operating in Singapore
  • At least 30% local shareholding
  • Company's group annual sales of not more than S$100 million OR
    company's group employment size of not more than 2005
  • Registered and operating in Singapore
  • Company has 10 or less employees OR
    has annual sales not exceeding S$1,000,000
  • At least 30% local shareholding
  • Company's group annual sales of not more than S$100 million OR
    company's group employment size of not more than 2005
  • Registered and operating in Singapore
  • At least 30% local shareholding
  • Company's group annual sales of not more than S$100 million OR
    company's group employment size of not more than 2005
  • Registered and operating in Singapore
  • At least 30% local shareholding
  • Company's group annual sales of not more than S$100 million OR
    company's group employment size of not more than 2005
  • Based in Singapore with at least 3 strategic business function6
  • Turnover of applicant's company and its subsidiaries must not exceed S$300 million for Non-Trading Companies and S$500 million for Trading Companies7

Note: For companies applying both domestic and export facilities, you will have to meet both set of criteria as described above.
 


Terms and conditions for loans offered under the SME Working Capital Loan, LEFS programme, LIS and LIS+ apply.

1 Subject to company's total Micro Loan exposure of up to S$100,000 across all participating financial institutions. Businesses applying for loans under the LEFS programme are required to fulfil the criteria set out by United Overseas Bank Limited, SPRING Singapore and IE Singapore.

2 Subject to assessment.

3 Businesses applying for loans under the LEFS programme are required to fulfil the criteria set out by United Overseas Bank Limited, SPRING Singapore and IE Singapore.

4 The insurer under the LIS scheme for United Overseas Bank Limited is United Overseas Insurance Limited. Insurers for LIS+ are SPRING Singapore and IE Singapore

5 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).

6 Strategic business functions are defined as: Banking and financial; Marketing and business planning; Procurement/logistics; Training and personnel management; Investment planning/coordination; R&D; Technical support and manufacturing.

7 Your company will be considered as a "Trading Company" if more than 50% of your company's turnover comes from sale and purchase of goods.

8 Subject to company's total SME Working Capital Loan exposure of up to S$300,000 across all participating financial institutions. Businesses applying for loans under the LEFS programme are required to fulfil the criteria set out by United Overseas Bank Limited, SPRING Singapore and IE Singapore.