SME Working Capital Loan Scheme


With the launch of the new SME Working Capital Loan Scheme by the Singapore Government, specifically SPRING, many SMEs are heaving a sigh of relief. For many of this cash-strapped SMEs, this scheme might just lift the financial burdens they are facing. Partnering with up to 12 Financial Institutions in Singapore, SPRING will be covering 50% of the loan default risk, allowing many SMEs to get a bigger quantum for business loans than what they previously qualified for.

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