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Government
assisied schemes - Spring Singapore
Government small business loans to assist
companies in business expand. ..
1. Micro Loan
- Maximum
$100,000 term
loan.
- Repayable at 4 years @ 2.9% flat rate per annum
2. Bridging Loan
- Maximum
$2,000,000 term
loan.
- 2.9% flat rate @ 2 years per annum
3. Business Overdraft Line
- Maximum
$200,000 Resolving Credit
Overdraft.
- Interest rate @ 10%
onward.
- Interest charged only on fund used
4. Trade Facilities ( LC/TR
+ Invoice Financing )
- Maximum $15
Million letter of credit /Trust
receipt.
- Suppliers Invoice
Financing.
- Factoring (with or without Customer's notification)
5. Refinancing of Commercial
Property
- Interest rate
between 3 to 4.5% per annum
6. Machinery / Equipment
Financing
- Up to 90% of
equipment cost through Hire Purchase
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