Business Loans and Credit Lines in Singapore: What You Need to Know

A detailed look at the types of business financing available in Singapore, including term loans, credit lines, and government-backed schemes.

Singapore offers a robust financing ecosystem for businesses. SMEs can access term loans, trade financing, invoice factoring, and government-backed schemes like the Enterprise Financing Scheme (EFS). Major banks offer unsecured working capital loans with fast approval timelines. For example, DBS SME Working Capital Loan offers up to SGD 300,000 with competitive rates and no collateral. Credit lines give businesses flexibility in managing short-term cash flow. It’s important to review eligibility, interest rates, and repayment terms before applying.