A detailed look at the types of business financing available in Singapore, including term loans, credit lines, and government-backed schemes.

Singapore offers a robust financing ecosystem for businesses. SMEs can access term loans, trade financing, invoice factoring, and government-backed schemes like the Enterprise Financing Scheme (EFS). Major banks offer unsecured working capital loans with fast approval timelines. For example, DBS SME Working Capital Loan offers up to SGD 300,000 with competitive rates and no collateral. Credit lines give businesses flexibility in managing short-term cash flow. It’s important to review eligibility, interest rates, and repayment terms before applying.


Sophia Tan

About the Author

Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source. Read more articles

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.