SME Working Capital Loan

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Government Aided Financing Scheme For SMEs

The SME Working Capital Loan (WCL) is a government assisted financing loan under the Enterprise Financing Scheme (EFS-WCL). The WCL is meant to help SMEs finance operational cashflow needs.

SMEs can access up to $500K from October 2022 to March 2024. Enterprise Singapore partners with participating financial institutions with between 50%-70% risk sharing.

There are 19 financial institutions participating in this scheme. Credit criteria & interest rate vary across the banks. We can provide you with a direct comparison on all banks' SME Working Capital Loan rates and eligibility terms.

Secure the funding you require under the SME Working Capital Loan to expand and scale your business.

Get a free loan assessment & compare all banks financing options now, fast and hassle free.

SME Working Capital Loan Features

Up to $500K financing

Access up to $500K from October 2022 to March 2024.

Up to 5 years repayment

Maximum repayment period 5 years. No early redemption penalty.

Government risk sharing

50% government risk sharing. 70% risk sharing for young companies.

SME Financing Institutions


These are some of the participating financial institutions in the Enterprise Singapore SME Working Capital Loan.


SME Working Capital Loan Interest Rate

The interest rate for the SME Working Capital Loan differs from the various participating banks and financial institutions and is dependent on their risk assessment.

Eligible companies can enquire with the participating financials institutions on their SME Working Capital Loan interest rates.

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SME Working Capital Loan Eligibility

  • Local business registered and operating physically in Singapore

  • Minimum 30% ultimate ownership shareholdings held by Singaporeans or Singapore PR(s)

  • Group annual sales of ≤ S$100m or group employment size ≤ 200

  • Government risk sharing 50% to 70% with participating financial institutions. Borrowers are still liable for 100% of loan outstanding in event of default. Banks will proceed first with their standard commercial recovery process.

How We Can Help

Faster Turnaround Time

Help your company secure financing fast! Reduce processing time by 3-5 working days.

Higher Approval Rate

Improve your approval chances. We are very familiar with the business loan criteria of most banks with a solid track record of > 80% approval rate.

Hassle Free Approach

Leave the application process to our SME loan specialists while you focus your resources on your core business.

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 & 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)

Linkflow Capital is a member of



The maximum financing loan quantum under the SME Working Capital Loan is up to S$300K per borrower. For the period 1 October 2022 to 31 March 2024, maximum amount will be enhanced to S$500K. Following the Budget 2023 announcement, the SME Working Capital Loan enhancement of $500K maximum quantum will be extended till 31 March 2024

Interest rate is determined by the respective participating financial institutions in the SME Working Capital Loan scheme. It could range between 7.5% to 8.5% p.a. effective rate, dependent on their risk and credit assessment.

Business must be registered and operating in Singapore with at least 30% local shareholdings. Group annual revenue not more than $100 million or group employment size of not more than 200 employees.

The maximum repayment tenure is up to 5 years. Most participating financial institutions offer no early repayment penalty for early redemption of loan. This is subject to respective financial institutions terms and conditions.

Yes, SMEs can apply for the SME Working Capital Loan with any of the various participating financing institutions concurrently.

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About Linkflow Capital

Linkflow Capital Pte Ltd is a Singapore consultancy firm that assists SMEs to secure business loans from banks and financial institutions. We specialize in SME finance and through our expertise and 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 20 banks and financial institutions offering SME loans in Singapore, with relationships cultivated over the years.