Temporary Bridging Loans in Singapore are offered by licensed banks and lenders in partnership with Enterprise Singapore. The key goal of the Temporary Bridging Loans Programme is to enable Singapore-based businesses to acquire working capital loans and corporate funding so that they can achieve their business goals.
Temporary Bridging Loans in Singapore has been extended for 6 months, upto March 2022.
The maximum loan amount is capped at SGD 3 million per borrower. The maximum repayment period is 5 years, and lesser loan periods are negotiable. The maximum interest rate is 5% per annum. The risk share that the Singapore Government offers through Enterprise Singapore is 70%.
If you are looking out for a Temporary Bridging Loan in Singapore, then you can contact Finnacle and get your loan application processed in just 8 working days!
The financing specialists at Finnacle can find you a business loan in quick time, with full documentation guidance and at a dependable success rate.
Finnnacle's Loan Approval Success Rate
1. We know the lenders and eligiblity criteria
Capital financing can be a tricky affair. Finding the right lender and loan product can be as confusing as the documentation requirements and eligibility criteria for business loans. We will help you navigate the process seamlessly.
2. We have direct contact with the lenders
Our financing experts has extensive experience in working directly with all the leading lenders in Singapore such as Standard Chartered, Bank of China, DBS, Maybank, UOB, BEA, OCBC, CIMB, Citibank, RHB, ORIX, HONG LEONG Finance and SINGAPURA Finance.
3. We know the numbers as well as the paperwork
Navigating the sea of paperwork requirements such as bank statements, financials, identification documents etc. is one thing. Finding the right lender and loan product with the friendliest interest rate is all together another thing. We can find you the right business loan at a rate as low as 3%.