Eligibility for Taking up SME Working Capital LoanPosted by Oscar Rosario on December 21st, 2016 Today, a variety of financing programs are available in Singapore. However, not all businesses are eligible for the various types of financing programs. A financing program that is highly valuable to local SMEs is a working capital loan. A SME working capital loan provides an alternative financing option that allows local enterprises easy access to cash flow. Before applying for one, find out if your business is eligible for this type of SME loan. Eligibility for a working capital loan is dependent on three things:
Banks in Singapore require businesses applying for a working capital loan to be registered and operational in Singapore.
Banks in Singapore offer SME working capital loans to businesses that have at least 30% local shareholdings.
To be eligible for an SME working capital loan, the business must have a group annual sale of less than S0m. Or, the group employment size of the business must not be more than 200. Is your business eligible for a working capital loan? If yes, then get in touch with a leading Singaporean bank today to apply for your SME working capital loan. Like it? Share it!More by this author |