With cashflow a significant issue in most SMEs due to the effects of Covid-19, GBFS wants to extend a helping hand.
Under the Temporary Bridging Loan (TBL), you can now get access to working capital for your immediate business cashflow needs.
Loan Amount: Up to $500k working capital
Interest Rate: Capped at 5% p.a.
Loan Tenure: 5 years
Loan Repayment: Only service interest for the first 12 months*
*Afterwhich repayment will be Principal + Interest for the remaining loan tenure.
The TBL programme is a government-assisted financing scheme under Enterprise Singapore. The scheme was announced after the Budget 2020 to help eligible enterprises access additional financing until March 2021.
Stay healthy and resilient!