Trade Loan Scheme: Who Qualifies and What You Get
Learn how the Trade Loan Scheme provides government risk-sharing to help businesses manage their trade financing needs in Singapore.
The Trade Loan Scheme is a program designed to support businesses by providing government risk-sharing on trade-related loans.
Who it's for
This scheme is for companies that have specific financing needs related to their trading activities.
What you get
If you qualify, the government provides risk-sharing on your trade loans. This means a government body shares a portion of the risk with your lender, which can make it easier to access the financing you need for your business operations.
What it costs you
There is no direct cost to join the scheme, but you will need to undergo a bank assessment. Your lender will need to review and verify your actual trade volumes to determine your eligibility and terms.
The catch to know
This scheme is strictly for trade-related activities. You cannot use this specific support for general working capital needs that are not directly tied to importing or exporting goods.
How to apply
- Determine if your financing needs are specifically for trade activities.
- Contact your bank to discuss your trade volume and request an assessment.
- Complete the bank's assessment process to verify your eligibility.
- Work with your lender to finalize the trade loan under the scheme.