Apply for Instant Business Loan for SME Singapore

We Help You Get The Best Business Loans in Singapore!

Loan Amount Up To S$550,000

The SME loan that lets you get financing as much as S$550,000 with loan repayment over up to 5 years.

How to Apply

Business Loan Enquiry

No obligation! Leave your details and we will contact you within 1 business day.

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Terms and Conditions

To preserve the confidentiality of all information you provide to us we maintain the following Privacy Principles.

By clicking "Submit" and providing your personal data, you consent to our loan providers contacting you via the telephone and email for the loan application purpose.

We only collect personal information that we believe to be relevant and required to understand your financial needs.

We will only use any information collected as minimally as possible, mainly to assist us in customising and delivering loan packages that are of interest to our customers.

We will not make unsolicited requests for customer information through email or the telephone, unless customers initiate contact with us.

We have established strict confidentiality standards for safeguarding information on our customers.

We will not use or disclose information collected from you other than for the purpose made known to you, authorised by you or required by the Law.

Customer Success Story from UOB Business Loan

Growing A Coffee Empire

In this video, Leon Foo, owner of Papa Palheta and Chye Seng Huat Hardware, shares his thoughts on growing his coffee business, the importance of diversification to stay relevant and taking up the UOB Business Loan to fund his expansion plans.

Eligibility & FAQs

Business Loan is a bundled loan facilities which combines SPRING’s SME Working Capital Loan, SME Micro Loan and Business Term Loan.

The Business Loan aims to help SMEs expand their business and gain access to working capital financing to support their day-to-day business operations.

The Business Loan is most suited for businesses looking to expand their business and therefore require additional funds in their daily operations. SMEs with the need to automate or upgrade their factories and equipment can also benefit from this loan.

SME Micro Loan and SME Working Capital Loan are Enterprise Singapore initiatives to help local small businesses gain unsecured working capital financing under the Local Enterprise Finance Scheme (LEFS).

From the Enterprise Singapore SME Micro Loan and SME Working Capital Loan, local enterprises can get a total of up to $400,000 loan if they meet the following criteria:

  • Company registered and operating in Singapore
  • At least 30% local shareholding
  • Group annual sales of ≤ S$100m or group employment size ≤ 200^

^Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)

  • Sole Proprietor, Partnership or Private Limited Company
  • Minimum 3 years in business
  • At least 30% local shareholding1
  • Registered and operating in Singapore
  • Company’s group annual sales of not more than S$100 million OR company’s group employment size of not more than 2001 2

1Only applicable to SME Working Capital Loan or SME Micro Loan

2Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down).

To assist you in your planning, we are pleased to provide you with a loan repayment schedule for your working capital needs. For more details, please fill up the Loan Enquiry Call Back form on top. Here is the example of indicative monthly installment payment of your Business Loan:

  • Loan Amount: S$100,000
  • Interest rate (indicative rate at 8.5%)
  • Tenure (up to 5 years)
  • There would be an estimate repayment of S$2,052 per month
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