Micro Loan Programme (MLP)

Qualifying companies:

• Your company is registered or incorporated in Singapore
• 30% - 100% of shareholding is local
• Have 0 - 10 employees

In addition:

• Company’s group fixed assets must be between $0 - $15 million*
• Group employment size must be between 0 - 200 workers (for businesses in the service industry)*

* Computed on a group basis.  Where 20% - 100% of your shares are owned by other companies, the total value of your fixed assets and employees is calculated three levels up.  Where your company owns 50% - 100% of another company (subsidiary), your subsidiary’s fixed assets and employees will also be added to the computation.

Fund can be used for:

• Daily operations
• Automating and upgrading factory and equipment

Things to note:

• Micro Loan is a loan for smaller businesses offered under LEFS (fixed interest rate)
• Your combined loan exposure for Micro Loans cannot exceed $50,000