| Covid-19 Relief Measures | Enhanced SME Trade Loan

Enhanced SME Trade Loan

Up to $10,000,000 collateral-free trade facility.

New measures help companies to deal with the cash flow crisis and set for long-term strategic growth.

At A Glance 

Loan Features


Qualifying Criteria


Submit Documents


What Need To Know.


Exclusive Period.

Loan Feature At A Glance

Finance for the trading of goods and services.

Container Ship

Trade limit - Up to $10,000,000.00

The borrowing exposure loan is capped at per company or at the group related company. 

Insurance premium - Subsidy up to 80%

The Supplementary budget in April, the insurance premium is subsidized up to 80% till 31-March-2020.

Financing value - Up to 100% purchase

Up to 100% of the aggregate amount of domestic and overseas trade-related working capital loan.

Security - No collateral is required

No collateral is needed, as the loan is on a 90:10 risk-sharing basis between government and the PFIs.

Tenure loan - Up to 120 days term 

From the import of goods until receipts of proceeds from the customers to settle the outstanding bills.



Your business must meet the pre-requisite criteria.

  • Be a business entity that is registered and physically present in Singapore.

  • At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership

  • Maximum Borrower Group revenue not exceeding S$500 million for all enterprises

  • For "SME Working Capital", the SME definition refers to Group revenue of up to S$100 million or maximum employment of 200 employees

Morning Mist over Forest

Require Documents

The interested party can submit the mentioned documents for a free credit assessment.

  • A current copy of the Company's Bizfile.

  • Recent 6 months bank statements.

  • Current 2 years of the annual financial reports.

  • Current month loan summary declaration.

  • Current month of debtors and creditors aging lists.

  • Top 5 customers and top 6 suppliers list.

  • The business owner or director's IC and 2018 & 2019 NOAs.


Frequently Asked Questions, FAQ

For further questions, please contact us:

(65) 6611 2918 (office)

(65) 97500 281 (whatsapp/ call)


When can I apply for the loan?

With immediate effect, all locally registered companies holding with at least 30% local shareholding throughout all industries are eligible to apply.


Can companies allow to apply with different banks or lenders?

Yes, the applicants are allowed to apply multiple times with different PFIs as the loan program is capped at the maximum amount of S$10 million.


Can companies apply for the new financing scheme if they have applied before or still balance loan outstanding?

Yes, all the eligible businesses are able to apply the new financing scheme. The approval is subject to assessment by the PFIs.


Can companies enjoy a lower interest rate and processing fee?

Banks have agreed to offer lower interest rates on new loan applications submitted from 1 April 2020 onwards. However, for loans disbursed before 1 April 2020 (2 March 2020 to 31 March 2020), banks may take initiative to lower the interest rate for the remaining loan tenure period.


Can companies apply for the Temporary Bridging Loan and the Enhanced SME Working Capital Loan at the same time?

Yes, this provided if the companies meet the criteria for each scheme, and as well subject to the credit assessment by the PFIs.


Can companies request for deferment of principal repayment?

Companies may request for up to a 1-year deferral of principal repayment, subject to the approval of the PFIs.


Does it mean the guarantor(s) only responsible 10% of the loan since the Government guarantees 90% of the loan?

No. The borrower is liable for 100% of the loan amount.


When a loan has defaulted the PFIs are required to follow the recovery procedure to make a claim against Enterprise Singapore in the proportion of the risk-share.


Exclusive promotion

From 31-March to 31-July-2020, you will enjoy one of the following privileges if you apply for new Business Loan:

  • 1-year loan repayment complimentary insurance cover*; or

  • Free corporate credit card*; or 

  • Up to $300.00 cash discount*.

*Eligible company will enjoy any one of the privileges, terms, and conditions applied.

*First come first served.

*Management reserved the right to change or end the offer without further notice.

Couple in a Kitchen

This exclusive promotion is applicable to the new Business Loan only.


Taking a loan to grow your business is a serious commitment to your company, key promoters, and family. But, if there is a loan repayment insurance coverage for the loan commitment, it will give with the peace of mind in the event if an accident happens to the key promoter.

Alternatively, you may also opt for other exclusive offers by taking up the corporate credit cards to enjoy up to 45 days of credit terms for making the online payment to your suppliers or vendors. You can choose to make 1 lump-sum full payment or up to 12 biweekly payments.

Last but not least, you can choose to receive a cash incentive if you apply for the Business Loan with us. This promotion is commencing from now to 31-September-2020.