As Announced at Budget 2023, the enhanced Enterprise Financial Scheme - SME Working Capital Loan has been further extended to 31 March 2024.


The SME Working Capital Loan (WCL) is a government assisted financing loan under the Enterprise Singapore Financing Scheme. SMEs can access up to $500K financing for working capital.



There are 19 financial institutions participating in this scheme. Credit criteria & interest rate vary across the banks. 



Avoid having your SME Working Capital Loan rejected. Identify potential issues that might lead to a rejection. It is too time consuming for you to search and review all banks SME financing products.



We provide you with a direct comparison on all banks' rates and eligibility terms. 



Typical minimum requirements to qualify for SME financing:

  • Minimum annual revenue at least $200K per year
  • Operational business incorporated for at least 6 months (preferably 1 year)
  • Minumum 30% shareholdings local or PR

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