UOB SME Micro Loan

  • UOB SME Micro Loan for startups

    Financing of up to S$100,000 |  Response in 1 day | Faster applications online

     

    Apply Now

UOB SME Micro Loan

Loan amount up to S$100,000 for Singapore startups

Grow your business with funding of up to a $100,000 that you can borrow over up to
3 years.

No collateral required

There is no requirement to pledge any property or deposit as collateral. You can enjoy flexible repayment terms with no prepayment fees.

Response in 1 day

Response in 1 day

Apply online for your loan with minimal documents required and get a response in
1 business day^

Eligibility

  • Minimum one year in business
  • Registered and operating in Singapore
  • At least 30% local shareholding
  • Borrower annual sales turnover of not more than S$1 million OR Borrower employment size not more than 10
  • Company's group annual sales of not more than S$100 million OR company's group employment size of not more than 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).

Faster Applications Online

Our online application process has been enhanced to be fast, simple and secure with MyInfo Business. Enjoy less hassle as the form gets pre-filled and there are less documents to submit.

Saves time

Fast application in just 5 minutes, less documents to submit

Secure and Simple

Online form gets pre-filled by retrieving your details via MyInfo Business

Fast Loan Disbursal

Upon full documents submitted and application is approved, sign the loan agreement and funds will be disbursed to your account

FAQs

SME Micro Loan is part of Enterprise Singapore’s initiatives to help local small businesses gain unsecured working capital financing under the Local Enterprise Finance Scheme (LEFS). UOB is a participating institution in this scheme and we offer the UOB SME Micro Loan of up to S$100,000 to qualifying SMEs that meet this criteria:

  • Minimum one year in business
  • Registered and operating in Singapore
  • At least 30% local shareholding
  • Borrower annual sales turnover of not more than S$1 million OR Borrower employment size not more than 10
  • Company's group annual sales of not more than S$100 million OR company's group employment size of not more than 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).

Simply apply through our simplified online process and a UOB relationship manager will be in touch within 1 business day. Upon full documents submitted and application is approved, sign the loan agreement and funds will be disbursed to your account.

The UOB SME Micro Loan is for companies that are just starting out (between 1 to 3 years in business) to help you better manage operations and cash flow with a loan size of up to $100,000.

For larger and more established companies, the UOB Business Loan may be more suitable. The UOB Business Loan offers up to $550,000 and repayment over up to 5 years.

UOB offers a variety of loans to suit your business needs.

Working capital loans that require no collateral:

Loan for fixed assets:

The respective terms and conditions governing UOB SME Micro Loan apply and are contained in the application form and other offer documents, including the facility letter.

~Information is accurate as of 1st Jan 2019.

#Personal guarantees may be required.

^For enquiries that reach UOB within the Stipulated Timing, we will contact you by the next Business Day with an indicative loan amount that you may apply for. “Business Day” is defined as Mondays to Fridays (Singapore date and time, and excluding Singapore public holidays). “Stipulated Timing” is defined as 8am to 8pm from Mondays to Saturdays (Singapore date and time, and excluding Singapore public holidays). For enquiries that reach UOB at times other than the Stipulated Timing, we will contact you within two Business Days after UOB receives your enquiries, with an indicative loan amount that you may apply for. Full product terms and conditions apply. The quote of the indicative loan amount is based on the information provided by the customer and does not constitute an offer, an invitation to offer, a solicitation or recommendation to enter into or conclude any transaction, and the quote of the indicative loan amount is not a contractual agreement by UOB to provide the UOB SME Micro Loan or any other products/ services to the customer. Accordingly, the actual approval of the UOB SME Micro Loan application is subject to the submission of the required full and complete documentation as UOB may so require at its discretion and UOB’s credit assessment. UOB has the absolute right and discretion to decide, for whatever reason and without prior notice and without being liable to any person, whether to approve the customer’s application for the UOB SME Micro Loan and whether (i) to grant (or not to grant) the customer the amount of the UOB SME Micro Loan requested for in the customer’s application form; or (ii) to grant the customer a lower amount from the amount of the indicative loan amount quoted or from the amount of the UOB SME Micro Loan requested for in the customer’s application form.