LEFS Micro Loan
Our LEFS Micro Loan Scheme is designed to help companies gain access to funding of up to S$100,000, which can be used to meet your working capital needs. With our LEFS Micro Loan Scheme, you can enjoy the following features:
- Loan amounts of up to S$100,000*;
- Monthly instalment plans;
- Tenor of 4 years;
- Enjoy fixed interest rate of 5.5% p.a.; and
- Enjoy peace of mind with 50% co-sharing of risk with SPRING Singapore.
* Subject to company's total Micro Loan exposure up to S$100,000 across all participating financial institutions.
You may apply for a Micro Loan if your company meets all these criteria:
- registered and operating in Singapore
- company has 10 or less employees OR has annual sales not exceeding S$1 million
- at least 30% local shareholding
- company's Group Annual Sales of not more than S$100 million OR company's Group Employment Size of not more than 200*
* Annual sales turnover and employment size will be computed on a group basis. (i.e All levels up for corporate shareholders holding >50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)
To sign up now, just follow these three easy steps:
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