08 Jul 2021
Ref No: 080721 (1)
Enterprise Singapore (ESG) will extend the Temporary Bridging Loan Programme (TBLP) and the enhanced Enterprise Financing Scheme – Trade Loan (EFS-TL) for another six months from 1 October 2021 to 31 March 2022. The parameters for both schemes remain unchanged – including the government risk-share of 70% as well as the maximum loan quantum of S$3 million for TBLP and S$10 million for EFS-TL.
The extension of the two schemes will enable enterprises to access credit for cashflow and trade activities and continue to capture new growth opportunities as Singapore transits into a new normal. In partnership with ESG, the Monetary Authority of Singapore (MAS) will also extend the MAS SGD Facility accordingly, to continue to offer lower cost of funds to banks and finance companies to support their lending to local enterprises.
To read the media statement from ESG, please click here.
Our Warmest Regards,