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.
As published on: The Business Times