The SME Micro Loan under the Local Enterprise Finance Scheme (LEFS) is designed to help small companies gain access to funding and can be used for purchase of equipment, or meeting working capital requirements. The maximum tenure for this loan is four years.
The maximum loan exposure under this programme is S$100,000 per company. Overall, this is subject to the company's total Micro Loan exposure of not more than S$100,000 across all participating financial institutions. If the company currently has existing Micro Loan of S$100,000 with any of the participating financial institutions, it will not be eligible for the Micro Loan Scheme.
Work out your monthly instalments with our LEFS Calculator.