SME Working Capital Loan
Free Loan Assessment in 1 minute!
- Lowest Rates
- Fast
- Hassle-Free
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 financing. 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
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.
We have been featured in
Compare All Banks SME Working Capital Loans
See All Loan Options Instantly!
SME Loan Comparison Made Easy
See all SME Working
Capital Loan Options
in 3 Steps!
Step 1
Leave your business name and email at the bottom of this page.
Step 2
Take 1 minute to fill up a questionnaire and our proprietary system will generate indicative banks and interest rates your company might be eligible for.
Step 3
See all working capital loan options available for your company instantly.
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.
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
FAQs
The maximum financing loan quantum under the SME Working Capital Loan was 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 2024 announcement, the SME Working Capital Loan maximum loan quantum will be permanently enhanced to $500K from 1 April 2024 onwards.
Interest rate is determined by the respective participating financial institutions (PFIs) in the SME Working Capital Loan scheme. It could range between 7.5% to 9% p.a. effective rate, dependent on PFIs' 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. There are no restrictions to the number of banks a SME can apply with, as long as total loan quantum is capped within $500K across all banks.
Free Loan Assessment
Enter your business name & email below to see all best SME Working Capital Loan options instantly!