The Temporary Bridging Loan Programme (TBLP) provides access to working capital for business needs.
Note: As announced at Solidarity Budget 2020, eligible enterprises may borrow up to $5 million under the TBLP, with the interest rate capped at 5% p.a., from Participating Financial Institutions (PFIs). The Government will provide 90% risk-share on these loans for new applications initiated from 8 April until 31 March 2021.
Eligible enterprises under the TBLP may also apply for a deferral of principal repayment to help them reduce their monthly cash outflow, subject to assessment by the PFIs.
Extension of TBLP
The TBLP will be extended for 6 months, from 1 April 2021 to 30 September 2021.
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MAXIMUM LOAN QUANTUM
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To 31 March 2021: S$5 Million / Borrower Group1 From 1 April 2021 to 30 September 2021: S$3 Million / Borrower Group1 |
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MAXIMUM REPAYMENT PERIOD
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5 years |
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RISK-SHARE
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To 31 March 2021: Risk share is at 90% From 1 April 2021 to 30 September 2021: Risk share is at 70%The borrower is responsible to repay 100% of the loan amount. When defaults occur, the Participating Financial Institutions (PFIs) are obligated to follow their standard commercial recovery procedure, including the realisation of security, before they can make a claim against Enterprise Singapore for the unrecovered amount in proportion to the risk-share |
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INTEREST RATE
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Capped at 5% p.a. |