EnterpriseOne - Bridging Loan Programme (BLP)

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enterpriseone@spring.gov.sg

Government Assistance - LOANs

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Bridging Loan Programme (BLP)

Get loans up to S$5 million in working capital to fund your daily operations.

BLP is extended till 31 January 2011 with revised terms. Find out more about the changes.

For who?

All local businesses with 30% - 100% local shareholding.
Foreign small and medium enterprises (SMEs) with 0% - 29% local shareholding, which also:
- has S$0 - S$15 million Fixed Asset Investment (FAI)
- is incorporated in Singapore
- is tax resident of Singapore
- has at least one individual shareholder directly holding at least 10% of total number of issued ordinary shares

For what?

You can loan up to S$5 million to fund the daily operations of your business.

Types of loans

Working Capital Loan^#

^#Loan can be structured as a term loan of up to 4 years.

Interest rates and re-payment

It is a fixed interest rate financing programme.

Things to note

The BLP is valid from 1 February 2009 to 31 January 2011.

Changes from 1 February 2010 - 31 January 2011

Existing Revised

Interest rates Minimum of 5% Minimum of 5.5%

Maximum loan quantum S$5 million S$2 million

Maximum loan tenure 4 years 2 years

Risk sharing of loan default Government: 80%
PFI: 20% Government: 50%
PFI: 50%