Working Capital Loans are loans that support a business’s day-to-day functioning needs, there is no restriction on the industry your business is in. They can be used to cover rental, raw material purchases, payroll and even for business expansion. Provided through the government’s Enterprise Singapore, Working Capital Loans have across the years become one of the most popular ways of getting low interest rates and easy to return loans from the banks in Singapore through their bank loan arrangements.
Enterprise Singapore will partner with participating banks and financial institutions to offer up to 90% risk-sharing. Underwriting criteria and interest rates differ across banks and institutions.