EFS Working Capital Loan
NB: – The Working Capital Loan Programme (WCLP) has been enhanced for 6 months, from 1 October 2022 to 31 March 2023.
The Working Capital Loan Programme (WCLP) provides access to working capital for business needs to help small and medium enterprises in Singapore gain greater access to unsecured SME business loans.
Loan Amount: Up to S$500,000
Repayment Period: 1 – 5 years
Interest Rate: 4.5% to 5% per annum
Processing Time: 2-4 weeks