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HSBC loans for SMEs under Enterprise Singapore financing schemes

Working capital is vital for SMEs, especially in times of uncertainty. We are here to help SMEs under pressure during these challenging times, to provide support with various financing measures enabling you to concentrate on the business at hand[1].

HSBC is a participating bank in the following Enterprise Singapore financing schemes[2]:

  1. Maximum loan quantum of up to SGD 300,000 under the SME Working Capital Loan scheme
  2. Temporary Bridging Loan Programme (TBLP) for providing additional cash flow support for all business sectors. Under this programme, eligible enterprises can now borrow up to SGD 3 million, with the interest rate capped at 5% p.a. from HSBC
  3. Enterprise Financing Scheme (EFS) – Trade Loan for financing up to SGD 10 million
  4. Businesses eligible under the SME Working Capital Loan and TBLP may also apply for up to 1-year deferral of principal repayment to help manage their debt

Other financial support measures for SMES

Customised Restructuring Scheme (Extended Support Scheme – Customised)

This scheme aims to facilitate restructuring of unsecured or secured credit facilities for SME clients with more than one lender, who have exhausted all efforts to work out arrangements bilaterally with their lenders and will benefit from a coordinated restructuring approach among their lenders. Interested clients would need to be recommended by one of its participating lenders to enter into the scheme.

Eligibility

  1. Sales turnover of up to SGD 100 million or

  2. Employment size of up to 200 workers

  3. Opt-in basis for borrowers with secured or unsecured credit facilities for whom the following schemes are not suitable:

    • Extended Support Scheme – Standardised

    • Credit Counselling Singapore’s scheme for Sole Proprietors and Partnerships (“SPP Scheme”)

    • Ministry of Law’s Simplified Insolvency Programme for qualified micro and small companies (“SIP”)

Find out more about HSBC Business Banking for SMEs

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