Sources of Funding : ROA_TV

Micro Loan Programme

A fixed interest rate financing programme designed to help the very small local enterprises gain better access to financing


Scheme is administered by SPRING Singapore and offered through 17 participating financial institutions
Loan Facilities

Machinery Term Loan
Machinery Hire Purchase Loan
Working Capital Loan
Factoring Loans


Interest Rates

Fixed for duration of the loan and computed on monthly-rest, in-arrears basis

Eligibility Criteria

It must have at least 30% local shareholdings
It must have an employment size of not more than 10 workers
In addition, the company's group fixed assets (at net book value) must not exceed $15 million and if it is in the service industry, it's group employment size must not exceed 200 workers.

Loan Limits

Maximum of $50,000 per enterprise

Use of Micro Loans

Establish a viable business
Modernise and automate plant and equipment
Expand existing manufacturing capacity
Diversify into other product lines
Renovate existing or new business premises
Augment working capital needs like start-up costs or operational costs