Micro Loans for Small Businesses

HSBC is a participating bank of the Government Assistance Schemes administered by SPRING Singapore.

The Micro Loan Programme under the Local Enterprise Finance Scheme (LEFS) is a fixed interest rate financing programme designed to help small local enterprises gain better access to financing.

• Obtain funding to grow your business
• Maximum loan amount of S$100,000 and maximum loan tenure of 4 years
• Fixed interest rate of 6.25% per annum

You can use the loans to:

• Purchase new equipment
• Renovate your premises
• Fund your daily operations

The maximum loan tenure is 4 years with a fixed interest rate of 6.25% per annum. The maximum loan available to a single enterprise is S$100,000.

To be eligible, your company must satisfy the following conditions:

• Have at least 30% local shareholdings
• Registered or incorporated in Singapore
• Employ not more than 10 staff
• On a group basis, fixed assets (at net book value) must not exceed S$15 million

    Collyer Quay Branch, 21 Collyer Quay #01-01 HSBC Building Singapore 049320 or contact us at: 6216 9000