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SME Working Capital Loan
SMEs in Singapore can tap into the SME Working Capital Loan under Enterprise Singapore's Enterprise Financing Scheme (EFS-WCL).
The SME Working Capital Loan (WCL) is a government financing scheme for SMEs to access working capital for cash flow and expansion needs. Here are the loan details:
• Maximum loan quantum: Up to S$500,000 (across multiple banks)
• Repayment period: 5 years
• Interest rate: Subject to participating financial institutions' risk assessment
• Government risk sharing: From 50% risk share
The WCL financing scheme is offered by over 16 different banks & financial institutions. There are also other government financing schemes and loan products for SMEs.
Credit criteria and interest rate varies across all banks. It is frustrating and time consuming for you to compare every banks' SME business loans.
Now, you can compare all SME loans easily in just 1 minute! Use our free online loan assessment tool to compare all SME financing facilities.
Don’t have your applications rejected. Compare across all banks for more options & maximize approval chances.
Try out our free loan assessment tool and see all
your best SME loan options instantly!
Government Assisted
SME Loan Schemes
SME Loan Interest Rate
Every bank's unsecured SME loan interest rate is different and typically ranges between 7.5% to 9% p.a. effective rate.
Factors affecting interest rate include business's credit risk profile and age. Businesses with better credit scoring and higher age (above 5 years) will obtain lower interest rates.
Different banks' financing products bear different rates. To apply for the lowest business loan rate your business is eligible for, try out our loan comparison tool.
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SME loan requirements and criteria
SME Financing Institutions
Best SME loan in Singapore
Which is the best bank to apply for financing? Here are some popular banks' loan products:
Interest Rate | From 7.75% p.a. | 7.75% p.a. (indicative) | From 7.5% p.a. | From 8.3% p.a. |
Loan quantum | Up to S$500,000 | Up to S$500,000 | Up to S$500,000 | Up to S$500,000 |
Repayment period | Up to 5 years | Up to 5 years | Up to 5 years | Up to 5 years |
Facility fee | From 0.75% of loan amount | 1.5% of loan amount | 2% of loan amount | 2% of loan amount |
Last updated: April 2025
Aside from these banks, there are over 20+ financial institutions in Singapore that you can apply SME loans with.
Try out our free online loan assessment tool to see your best financing options instantly.
What You Get
Lower Interest Costs
We will help you compare and secure current lowest interest rates via our wide network of banks and financial institutions. Don't pay higher interest.
Higher Approval Rate
Improve your approval chances. We are familiar with the credit criteria of most banks, with solid track record of >80% approval rate for SME loan applications.
Secure Funding Faster
We help your company secure financing fast! Reduce SME loan application processing time by 3-5 working days.
Hassle Free Approach
Leave the tedious SME loan application process to our specialists while you focus resources on your core business.
Higher Finance Amount
Secure larger financing & higher loan amount. Procure up to $1M or more unsecured business loan in Singapore across multiple banks.
Risk Free Process
No upfront fees, no fees applicable if we’re not able to secure financing for your company. Performance guarantee, pay only for results!
Join hundreds of SMEs just like yours who entrusted us to help grow their business
Fast efficient response
"We are very satisfied with the service and capability of Linkflow Capital in assisting with our company’s expansion. They have provided us clear financing solutions with fast response and turnaround time.”
Mr Frankie Gwee
Tuan Yuan Pork Ribs Soup
(F&B restaurant)
Trusted advisor
"Linkflow Capital has assisted our company with trade financing, enabling a 300% revenue growth in 2 years. They are our trusted advisor and served us with efficiency and honesty over the years.”
Mr S.S. Lee
Powerzone Technologies
(Engineering and trading firm)
Sincere customer service
“Linkflow Capital has helped us identify facilities suitable for our company’s growth. The consultant is sincere, efficient and provided prompt follow up service.”
Mr Toh
WaWe Design
(Reno & ID firm)
Professional consultant
"The consultant’s service exceeded my expectations. He is professional and provided me with useful insights. I would gladly recommend Linkflow to anyone looking for a professional who knows their stuff and can deliver."
Mr Wong
Hola Pte Ltd
(Retail and e-commerce)
Flexible solutions
"Ben is a professional and exercised flexibility in our engagement. Others have approached us but we choose to stick with the consultant. He delivered beyond expectations and justified our decision."
Mr Phua
Rave International Group
(Events company)
Trustworthy and reliable
“Linkflow Capital is our long-term partner, supporting the growth of our company from the start. They are trustworthy, reliable and responsible, key qualities why they are my sole and preferred finance consultant over the years.”
Mr Kamesh
Appali Engineering Pte Ltd
(Construction company)
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About Linkflow Capital
Linkflow Capital Pte Ltd is an independent Singapore SME loan consultancy firm incorporated since 2012. We assist businesses with financing solutions, through varied platforms including banks, financial institutions and private financing. We specialize in SME finance and through our expertise and extensive network, we help clients secure funding with low interest rates efficiently and hassle free.
Expertise
We are familiar with the documentations and information banks will require as well as various banks’ business loan credit criteria.
Network
We have access to more than multiple banks and financial institutions offering SME loans in Singapore, with relationships cultivated over the years.
Linkflow Capital does not purport to represent in any manner, nor is an affiliate of any banks, financial institutions or commercial lenders. We provide independent consultancy services in SME financing and working capital management through our network of financiers and private business financing solutions.