Firms can get trade loans of up to S$10m, bridging loans of up to S$5m

Posted by Team Finaxar on Mar 26, 2020 7:29:29 PM

Singapore Budget 2020

SUPPORT will be provided so businesses will be able to continue to access credit amid the coronavirus pandemic, Deputy Prime Minister and Finance Minister Heng Swee Keat said in Parliament on Thursday.

As part of the government's Resilience Budget to deal with the Covid-19 pandemic, the Enterprise Financing Scheme (EFS) will receive a boost.

The maximum quantum for this loan will be increased to S$10 million from S$5 million. The government’s risk-share will also increase to 80 per cent, from up to 70 per cent previously.

Click on Read More to view the whole article on The Business Times.

As published on: The Business Times

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