How it works
Four steps, several banks, one application, and no fee until the money lands.
What actually happens to your case.
What the numbers will support, what a credit officer will flag, and whether a facility is genuinely the right move right now.
The things that turn into rejections get addressed before submission rather than explained afterwards.
Which facilities, in what combination, and in what order. The Working Capital Loan is paired with a Business Term Loan where that unlocks more without exhausting the WCL quota.
Submitted in parallel, not one at a time, so the banks are competing for the facility instead of each deciding it alone.
The fee becomes payable here and only here, on full disbursement.
until your facility is approved and the funds are fully disbursed.
- 01Nothing payable on application.
- 02Strictly success-case basis.
- 03The fee is agreed in writing before you commit to anything.
Whether the scheme covers you.
These are the scheme's published criteria. Meeting them is the starting point, not an approval — every case is still subject to assessment and the lender's own criteria.
An ACRA-registered business entity actively trading here.
Held directly or indirectly by Singaporeans or Singapore PRs.
Group annual sales turnover not exceeding S$500m.
Group revenue up to S$100m, or a maximum employment size of 200.
Source: Enterprise Singapore, Enterprise Financing Scheme.