Step-by-Step guide on applying for the Micro Loan Programme.

Before you apply

1. Learn more about Micro Loan on SPRING’s website.
   
   
2. Ensure that your business qualifies for the loan.
   
   
3. Consult your banker or one of the Participating Financial Institutions. They will be able to give you professional advice and also assist your application.
   
   
4. Prepare the supporting documents if your bank requires them:
   
   
   • a copy of your business profile from the Accounting and Corporate Regulatory Authority (ACRA)
   • audited accounts or certified financial statements
   • bank statements
   • personal income tax assessment of owners and directors
   
   
5. Meet with your banker or financial institution.
   Bring the supporting documents for the meeting.

6. Obtain an Application Form from your banker or financial institution. Find out from the lender what supporting documents you need to attach.
   
   
7. Submit the Application Form with the supporting documents.
   
   
8. Wait 3 weeks for the bank or financial institution to reply. Processing of applications may be longer depending on the size of the loan and other factors.

9. Receive funds from the bank or financial institution. 
   
   
10. Keep proper records of repayments. Repayments start 1 month after disbursement of the loan.
    
    
11. Ensure you make repayments on time.

SPRING Singapore
Financing & Incentives Management Division
2 Bukit Merah Central
#16-01
Singapore 159835

Tel: (65) 6279 3100
Fax: (65) 6276 3386

Contact any of the Participating Financial Institutions