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Grow your business with  a complete range of financial solutions with Business Working Capital

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Business Working Capital

Grow your business with  a complete range of financial solutions with Business Working Capital

Innovative one-stop financing facilities for businesses

Businesses can have the flexibility to select facilities based on needs so as to achieve better control of business cash flow and grow your business.

Eligibility & Documents

Eligibility

  • Sole Proprietors / Partnerships / Private Limited Companies
  • Registered and operating in Singapore
  • 50% or more shareholdings is effectively held by Singaporeans / PRs
  • Minimum 3 years of business operations

Documents Required

  • Photocopies of Sole Proprietors’ / Partners’ / Principals’ / Directors’ Identity Cards / Passports
  • Company’s operating bank current account statements for the past 6 months and/or latest 4 quarters’ GST (Goods & Services tax) returns statements if you are a GST registered company
  • Copy of Sole Proprietors’ / Partners’ Income Tax Notice of Assessment

FAQs

  • The Bank offers up to US$8million and an additional limit up to US$0.5million to cover your FX hedging needs under Business Working Capital.

    *Successful applicants may be granted up to a maximum of US$4million of facilities which must be secured by residential, commercial and/or industrial properties, and up to a maximum of an additional US$4million of facilities which must be secured by Cash and/or a Stand-by Letter of Credit.

  • The facility size we grant will depend on each business’ financials such as sales turnover, overall banking facilities and exposure with other financial institutions and the value of your collateral pledged to the bank. For property pledged as collateral, we can help you unlock your property’s potential with a facility size of up to 130%# of the value of your property.

    # This is the maximum level of financing. Each successful applicant’s level of financing will differ based on different property types and other considerations.
    All credit facilities are subjected to the Bank’s approval.

  • We accept residential, commercial and industrial properties, cash collaterals and stand-by letter of credit as collaterals.

  • Our Business Working Capital facility requires you to maintain an operating account with us.
    Your account with us must have business inflows of at least 50% of the facility limit every quarter to qualify as an operating account. We know it takes time to move your business to a new bank, so we will only start measuring your business inflows 3 months from the month the facility is made available to you. Thereafter, the inflows in your account are measured once every calendar quarter.

Terms and Conditions

Disclaimer

Successful applicants may be granted up to a maximum of US$8million of facilities which must be secured by residential, commercial and/or industrial properties, and up to a maximum of an additional US$4million of facilities which must be secured by Cash and/or a Stand-by Letter of Credit.

This is the maximum level of financing. Each successful applicant’s level of financing will differ based on different property types and other considerations.

All applications may be subjected to additional documents and are still subject to, and conditional upon the Bank’s approval in the Bank’s sole discretion.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.