Working Capital Loan
Flexible Working Capital Loan Solutions for Your Business
- Working Capital Loan (Enterprise Singapore WCL) Up to $500,000 shared across banks.
- Bank in-house Business Term Loan (BTL) Up to $700,000 per bank.
- 1 - 5 Years Tenure
- 4.2% - 5.4% Flat Rate Interest (7.75% – 9.88% Monthly reducing interest)
- Secure a working capital loan. Access tailored financing solutions to optimise cash flow and grow your business. Contact our advisory team today!
Key Features & Capabilities
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No Collateral Required
Does not require assets as security. Only a joint and several personal guarantees from the Directors and Shareholders is required.
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No Restriction on fund usage
No restriction on specific usage. Can be used to cover day-to-day expense such as purchasing inventory, rental, salary etc.
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Get Approved in 1 – 2 days
Working Capital loan operates under program lending framework with approval as fast as 1-2 days. Disbursement is through a single tranche lump sum deposit into your business current account.
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Save More with No Early redemption Fee
Working Capital Loan under Enterprise Singapore (ESG) offer flexibility to early repay with no penalty fee. Save interest on remaining loan tenure when you repay early.
Working Capital Loan Calculator
Estimated Monthly Repayment
* Indicative assessment. Final approved quantum, interest rates, and facility terms are subject to formal bank underwriting and credit assessment.
Regulatory & Government Framework (EnterpriseSG EFS-WCL)
The Enterprise Financing Scheme – SME Working Capital Loan (EFS-WCL) is administered by Enterprise Singapore (EnterpriseSG) in partnership with Participating Financial Institutions (PFIs) such as DBS, OCBC, UOB, Standard Chartered, Maybank, and CIMB. EnterpriseSG provides a 50% to 70% risk-share to participating lenders against default, incentivizing banks to extend unsecured credit to smaller enterprises without pledging fixed physical assets.
Underwriting Mechanism ("Program Lending")
Under standard program lending, banks evaluate applications using scorecard algorithms based on:
- Past 6 months of corporate bank statements (monitoring average daily balances, bouncing cheques, and credit turnover).
- The company's latest 2 years of financial statements (assessing Debt Service Coverage Ratio: DSCR >= 1.25).
- Personal CBS credit rating of the directors/guarantors (ideally Grade AA–BB, minimum 1,850+ score).
Flat Rate vs. Effective Interest Rate (EIR)
The advertised flat rate (e.g., 4.5% p.a.) calculates interest on the initial principal across the entire tenure. Because the principal is progressively paid down every month, the actual Effective Interest Rate (EIR) is roughly 1.85x the flat rate (e.g., 4.5% flat ~ 8.35% EIR reducing).
Early Repayment Advantage
Government-assisted EFS-WCL facilities prohibit lock-in penalty fees for early redemption, allowing businesses to draw capital for short-term cyclical needs and settle early to eliminate future interest costs.
Ready to talk to us about a Working Capital Loan?
You've come to the right team — connect with our SME specialists today.
- Customized Credit Structuring: Tailored facilities matched to your cash flow.
- 20+ Institutional Partners: Banks, finance houses & non-bank lenders.
- Rapid Review: Response within 1 business day.